Meiji Yasuda Asset Management Co Ltd. Has $488,000 Stock Position in Evergy, Inc. (NASDAQ:EVRG)

Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Evergy, Inc. (NASDAQ:EVRG) by 6.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,926 shares of the company’s stock after acquiring an additional 490 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Evergy were worth $488,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EVRG. FMR LLC boosted its holdings in shares of Evergy by 131.4% during the third quarter. FMR LLC now owns 2,004,414 shares of the company’s stock worth $124,294,000 after purchasing an additional 1,138,138 shares during the period. SG Americas Securities LLC lifted its position in Evergy by 15,406.4% in the 4th quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock worth $56,721,000 after buying an additional 915,603 shares in the last quarter. Brandes Investment Partners LP acquired a new stake in shares of Evergy during the 4th quarter valued at $55,652,000. Point72 Asset Management L.P. grew its holdings in shares of Evergy by 25.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,848,735 shares of the company’s stock valued at $176,650,000 after acquiring an additional 583,923 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Evergy in the fourth quarter worth $32,488,000. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Stock Down 0.0 %

Shares of EVRG stock opened at $67.32 on Friday. The company has a market capitalization of $15.48 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 2.82 and a beta of 0.62. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The stock’s 50 day simple moving average is $66.16 and its 200 day simple moving average is $63.25. Evergy, Inc. has a twelve month low of $49.55 and a twelve month high of $69.93.

Evergy (NASDAQ:EVRG) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $1.24 billion. As a group, research analysts predict that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 3.97%. The ex-dividend date was Monday, March 10th. Evergy’s dividend payout ratio is currently 70.45%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on EVRG shares. LADENBURG THALM/SH SH raised Evergy to a “strong-buy” rating in a research report on Monday, March 17th. UBS Group lifted their price target on Evergy from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Barclays lifted their target price on shares of Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $69.08.

Evergy Company Profile

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.