Evergy, Inc. (NASDAQ:EVRG) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. raised its holdings in Evergy, Inc. (NASDAQ:EVRG) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,560 shares of the company’s stock after acquiring an additional 1,926 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Evergy were worth $2,065,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Principal Financial Group Inc. raised its stake in shares of Evergy by 7.2% during the 3rd quarter. Principal Financial Group Inc. now owns 278,197 shares of the company’s stock worth $17,251,000 after buying an additional 18,595 shares during the last quarter. Venturi Wealth Management LLC boosted its position in shares of Evergy by 230.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company’s stock worth $86,000 after buying an additional 966 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Evergy by 2.9% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 515,306 shares of the company’s stock worth $31,954,000 after buying an additional 14,383 shares in the last quarter. Prime Capital Investment Advisors LLC boosted its position in shares of Evergy by 40.3% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 10,138 shares of the company’s stock worth $629,000 after buying an additional 2,910 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of Evergy by 74.7% in the 3rd quarter. KBC Group NV now owns 21,439 shares of the company’s stock worth $1,329,000 after buying an additional 9,164 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Trading Up 1.3 %

Shares of EVRG stock opened at $67.45 on Friday. The firm has a 50-day moving average price of $64.90 and a 200 day moving average price of $62.69. Evergy, Inc. has a twelve month low of $49.55 and a twelve month high of $69.93. The company has a market capitalization of $15.51 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 2.82 and a beta of 0.62. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.

Evergy (NASDAQ:EVRG) last announced its earnings results on Thursday, February 27th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.11). Evergy had a net margin of 14.77% and a return on equity of 8.77%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. Research analysts forecast that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Monday, March 10th. Evergy’s dividend payout ratio is currently 70.45%.

Analysts Set New Price Targets

Several equities research analysts recently commented on EVRG shares. LADENBURG THALM/SH SH upgraded shares of Evergy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $59.00 to $68.50 in a research report on Thursday, January 2nd. Barclays boosted their price objective on shares of Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Finally, Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $68.42.

About Evergy

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities.