Evergy, Inc. (NASDAQ:EVRG) Shares Acquired by IFP Advisors Inc

IFP Advisors Inc lifted its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 5.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 9,911 shares of the company’s stock after acquiring an additional 521 shares during the quarter. IFP Advisors Inc’s holdings in Evergy were worth $610,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in EVRG. Bank of Jackson Hole Trust acquired a new stake in shares of Evergy during the 4th quarter worth approximately $31,000. Truvestments Capital LLC acquired a new stake in Evergy in the 3rd quarter valued at approximately $32,000. Sentry Investment Management LLC acquired a new stake in Evergy in the 3rd quarter valued at approximately $51,000. USA Financial Formulas acquired a new stake in Evergy in the 4th quarter valued at approximately $73,000. Finally, Venturi Wealth Management LLC increased its holdings in Evergy by 230.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company’s stock valued at $86,000 after purchasing an additional 966 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on EVRG shares. Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Barclays dropped their target price on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a report on Monday, January 27th. Finally, LADENBURG THALM/SH SH upgraded shares of Evergy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $59.00 to $68.50 in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $65.36.

Evergy Stock Performance

NASDAQ:EVRG opened at $68.91 on Friday. The company has a fifty day simple moving average of $63.85 and a two-hundred day simple moving average of $62.12. The company has a market cap of $15.85 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 2.82 and a beta of 0.66. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a 52 week low of $48.60 and a 52 week high of $69.90.

Evergy (NASDAQ:EVRG) last posted its quarterly 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). The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. As a group, equities analysts anticipate that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.67 annualized dividend and a dividend yield of 3.87%. Evergy’s dividend payout ratio (DPR) is currently 72.16%.

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.