Trust Investment Advisors Buys Shares of 3,306 Evergy, Inc. (NASDAQ:EVRG)

Trust Investment Advisors purchased a new position in Evergy, Inc. (NASDAQ:EVRG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,306 shares of the company’s stock, valued at approximately $203,000.

Several other hedge funds have also recently modified their holdings of the business. Miller Howard Investments Inc. NY lifted its holdings in Evergy by 1.4% during the fourth quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company’s stock worth $723,000 after buying an additional 162 shares during the period. Quent Capital LLC raised its position in shares of Evergy by 4.6% in the 4th quarter. Quent Capital LLC now owns 3,692 shares of the company’s stock worth $227,000 after acquiring an additional 163 shares in the last quarter. Sunbelt Securities Inc. lifted its stake in shares of Evergy by 2.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company’s stock worth $482,000 after purchasing an additional 168 shares during the last quarter. Mather Group LLC. boosted its position in Evergy by 5.7% during the fourth quarter. Mather Group LLC. now owns 3,231 shares of the company’s stock valued at $199,000 after purchasing an additional 173 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC grew its stake in Evergy by 2.5% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 7,322 shares of the company’s stock valued at $451,000 after purchasing an additional 182 shares during the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on EVRG shares. UBS Group increased their price target on shares of Evergy from $66.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Barclays upped their price target on Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Finally, LADENBURG THALM/SH SH raised Evergy to a “strong-buy” rating in a research report on Monday, March 17th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $68.36.

Evergy Price Performance

Shares of EVRG opened at $66.17 on Wednesday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. The company’s fifty day moving average price is $65.96 and its 200-day moving average price is $63.19. Evergy, Inc. has a 1-year low of $49.55 and a 1-year high of $69.93. The firm has a market capitalization of $15.22 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62.

Evergy (NASDAQ:EVRG) last posted its quarterly 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 for the quarter, compared to analysts’ expectations of $1.24 billion. On average, equities 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. Shareholders of record on Monday, March 10th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend was Monday, March 10th. Evergy’s dividend payout ratio 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.