UniSuper Management Pty Ltd Buys 5,092 Shares of Evergy, Inc. (NASDAQ:EVRG)

UniSuper Management Pty Ltd raised its stake in Evergy, Inc. (NASDAQ:EVRG) by 17.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,275 shares of the company’s stock after buying an additional 5,092 shares during the period. UniSuper Management Pty Ltd’s holdings in Evergy were worth $2,110,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in EVRG. Vanguard Group Inc. raised its stake in Evergy by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 30,665,885 shares of the company’s stock worth $1,887,485,000 after buying an additional 221,086 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Evergy by 5.5% in the 3rd quarter. Franklin Resources Inc. now owns 5,532,719 shares of the company’s stock worth $330,469,000 after acquiring an additional 288,619 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Evergy by 3.8% in the 4th quarter. American Century Companies Inc. now owns 3,555,122 shares of the company’s stock valued at $218,818,000 after purchasing an additional 130,804 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Evergy by 9.1% during the 4th quarter. Bank of New York Mellon Corp now owns 3,085,401 shares of the company’s stock valued at $189,906,000 after purchasing an additional 256,978 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its stake in Evergy by 25.8% during the third quarter. Point72 Asset Management L.P. now owns 2,848,735 shares of the company’s stock worth $176,650,000 after purchasing an additional 583,923 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analyst Upgrades and Downgrades

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

Evergy Stock Performance

Shares of EVRG stock opened at $67.87 on Monday. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The firm has a fifty day simple moving average of $66.26 and a two-hundred day simple moving average of $63.34. Evergy, Inc. has a 12 month low of $49.55 and a 12 month high of $69.93. The firm has a market capitalization of $15.61 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62.

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

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 3.93%. The ex-dividend date was Monday, March 10th. Evergy’s dividend payout ratio (DPR) is presently 70.45%.

Evergy 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.