Evergy, Inc. (NYSE:EVRG) Shares Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its position in Evergy, Inc. (NYSE:EVRG) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,821 shares of the company’s stock after purchasing an additional 432 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Evergy were worth $2,445,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in EVRG. PNC Financial Services Group Inc. increased its holdings in Evergy by 1.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,198 shares of the company’s stock worth $969,000 after acquiring an additional 179 shares in the last quarter. Verity Asset Management Inc. increased its holdings in Evergy by 4.7% in the 2nd quarter. Verity Asset Management Inc. now owns 4,206 shares of the company’s stock worth $246,000 after acquiring an additional 188 shares in the last quarter. Atwood & Palmer Inc. increased its holdings in Evergy by 30.5% in the 4th quarter. Atwood & Palmer Inc. now owns 855 shares of the company’s stock worth $45,000 after acquiring an additional 200 shares in the last quarter. IFM Investors Pty Ltd increased its holdings in Evergy by 0.3% in the 4th quarter. IFM Investors Pty Ltd now owns 73,111 shares of the company’s stock worth $3,816,000 after acquiring an additional 206 shares in the last quarter. Finally, Raleigh Capital Management Inc. increased its holdings in Evergy by 4.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 5,531 shares of the company’s stock worth $280,000 after acquiring an additional 211 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EVRG has been the subject of a number of research reports. 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. Wells Fargo & Company dropped their target price on shares of Evergy from $60.00 to $57.00 and set an “overweight” rating for the company in a report on Friday, March 1st. LADENBURG THALM/SH SH began coverage on shares of Evergy in a report on Thursday, April 4th. They issued a “neutral” rating and a $51.00 price objective for the company. Bank of America raised shares of Evergy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $51.00 to $57.00 in a report on Wednesday, March 13th. Finally, Guggenheim lowered shares of Evergy from a “buy” rating to a “neutral” rating and set a $52.00 price objective for the company. in a report on Monday, January 22nd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $56.00.

Evergy Trading Up 0.9 %

NYSE EVRG opened at $50.96 on Friday. The firm’s 50-day moving average is $51.08 and its two-hundred day moving average is $50.86. Evergy, Inc. has a 12 month low of $46.92 and a 12 month high of $63.84. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.51 and a quick ratio of 0.29. The stock has a market capitalization of $11.71 billion, a P/E ratio of 16.03, a PEG ratio of 2.58 and a beta of 0.57.

Evergy (NYSE:EVRG) last posted its earnings results on Thursday, February 29th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.46 billion. Evergy had a net margin of 13.28% and a return on equity of 8.47%. During the same period in the previous year, the company earned $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 firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were given a dividend of $0.6425 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $2.57 annualized dividend and a dividend yield of 5.04%. Evergy’s dividend payout ratio is presently 80.82%.

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.