ExodusPoint Capital Management LP Boosts Position in Evergy, Inc. (NASDAQ:EVRG)

ExodusPoint Capital Management LP boosted its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 164.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,312,953 shares of the company’s stock after buying an additional 1,439,450 shares during the quarter. Evergy makes up about 1.0% of ExodusPoint Capital Management LP’s portfolio, making the stock its 7th largest position. ExodusPoint Capital Management LP’s holdings in Evergy were worth $142,362,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Lee Danner & Bass Inc. acquired a new stake in shares of Evergy during the 4th quarter worth approximately $26,000. National Pension Service bought a new position in Evergy in the fourth quarter valued at approximately $30,000. Bank of Jackson Hole Trust acquired a new stake in Evergy during the 4th quarter worth $31,000. Sandy Spring Bank raised its position in shares of Evergy by 5,983.3% during the 4th quarter. Sandy Spring Bank now owns 730 shares of the company’s stock valued at $45,000 after acquiring an additional 718 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Evergy in the 4th quarter valued at $49,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. LADENBURG THALM/SH SH raised Evergy to a “strong-buy” rating in a research note on Monday, March 17th. UBS Group boosted their target price on Evergy from $66.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Barclays increased their price target on shares of Evergy from $62.00 to $72.00 and gave the company 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 report on Thursday, January 23rd. One 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 data from MarketBeat, Evergy has an average rating of “Buy” and a consensus price target of $69.08.

Evergy Trading Up 0.6 %

NASDAQ:EVRG opened at $69.43 on Thursday. 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 business’s 50-day simple moving average is $66.61 and its 200-day simple moving average is $63.50. Evergy, Inc. has a fifty-two week low of $49.55 and a fifty-two week high of $69.93. The stock has a market capitalization of $15.97 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings results on Thursday, February 27th. The company reported $0.35 earnings per share 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 company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. Sell-side analysts expect that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend was Monday, March 10th. Evergy’s dividend payout ratio (DPR) is presently 70.45%.

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.