Atria Wealth Solutions Inc. Buys 6,234 Shares of Evergy, Inc. (NYSE:EVRG)

Atria Wealth Solutions Inc. grew its stake in shares of Evergy, Inc. (NYSE:EVRG) by 133.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,889 shares of the company’s stock after acquiring an additional 6,234 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Evergy were worth $568,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in EVRG. Manning & Napier Group LLC lifted its stake in Evergy by 76.6% in the 4th quarter. Manning & Napier Group LLC now owns 2,183,788 shares of the company’s stock valued at $113,994,000 after buying an additional 947,196 shares in the last quarter. Federated Hermes Inc. boosted its stake in shares of Evergy by 41.3% in the fourth quarter. Federated Hermes Inc. now owns 2,942,415 shares of the company’s stock worth $153,594,000 after acquiring an additional 860,433 shares during the last quarter. Assenagon Asset Management S.A. increased its position in shares of Evergy by 228.3% during the third quarter. Assenagon Asset Management S.A. now owns 1,029,495 shares of the company’s stock worth $52,195,000 after purchasing an additional 715,892 shares in the last quarter. Panagora Asset Management Inc. raised its stake in Evergy by 706.1% in the 3rd quarter. Panagora Asset Management Inc. now owns 495,951 shares of the company’s stock valued at $25,145,000 after purchasing an additional 434,425 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Evergy by 19.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,548,598 shares of the company’s stock valued at $129,214,000 after purchasing an additional 422,152 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Trading Up 1.0 %

NYSE EVRG opened at $54.10 on Monday. Evergy, Inc. has a 12 month low of $46.92 and a 12 month high of $63.39. The stock has a market capitalization of $12.43 billion, a P/E ratio of 17.01, a PEG ratio of 2.82 and a beta of 0.57. The firm’s 50-day moving average is $51.68 and its two-hundred day moving average is $51.14. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.51 and a quick ratio of 0.29.

Evergy (NYSE:EVRG) last posted its earnings results on Thursday, February 29th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.03). Evergy had a net margin of 13.28% and a return on equity of 8.47%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter last year, the business posted $0.30 EPS. On average, sell-side analysts anticipate that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were issued a dividend of $0.6425 per share. This represents a $2.57 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend was Friday, March 8th. Evergy’s dividend payout ratio (DPR) is 80.82%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Citigroup initiated coverage on shares of Evergy in a report on Tuesday, March 26th. They set a “buy” rating and a $64.00 target price for the company. LADENBURG THALM/SH SH started coverage on Evergy in a report on Thursday, April 4th. They set a “neutral” rating and a $51.00 target price on the stock. Bank of America raised Evergy from a “neutral” rating to a “buy” rating and increased their price target for the company from $51.00 to $57.00 in a report on Wednesday, March 13th. Barclays upped their target price on Evergy from $54.00 to $55.00 and gave the company an “overweight” rating in a report on Thursday, March 14th. Finally, Guggenheim lowered Evergy from a “buy” rating to a “neutral” rating and set a $52.00 price target on the stock. in a report on Monday, January 22nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $56.00.

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.