Greenland Capital Management LP Buys 159,779 Shares of Evergy, Inc. (NASDAQ:EVRG)

Greenland Capital Management LP lifted its stake in Evergy, Inc. (NASDAQ:EVRG) by 672.5% in the fourth quarter, HoldingsChannel reports. The firm owned 183,539 shares of the company’s stock after acquiring an additional 159,779 shares during the quarter. Evergy makes up about 1.8% of Greenland Capital Management LP’s investment portfolio, making the stock its 7th biggest position. Greenland Capital Management LP’s holdings in Evergy were worth $11,297,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of EVRG. ExodusPoint Capital Management LP boosted its stake in shares of Evergy by 164.8% in the 4th quarter. ExodusPoint Capital Management LP now owns 2,312,953 shares of the company’s stock valued at $142,362,000 after buying an additional 1,439,450 shares during the period. SG Americas Securities LLC raised its holdings in Evergy by 15,406.4% in the fourth quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock valued at $56,721,000 after acquiring an additional 915,603 shares in the last quarter. Brandes Investment Partners LP acquired a new position in Evergy during the 4th quarter worth approximately $55,652,000. Groupama Asset Managment increased its position in shares of Evergy by 3,216.6% in the 4th quarter. Groupama Asset Managment now owns 880,768 shares of the company’s stock valued at $54,211,000 after purchasing an additional 854,212 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Evergy in the 4th quarter valued at $32,488,000. 87.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on EVRG. UBS Group boosted their target price on shares of Evergy from $66.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Barclays upped their price objective on Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. LADENBURG THALM/SH SH raised Evergy to a “strong-buy” rating in a research report on Monday, March 17th. Finally, Guggenheim raised 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 given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $69.08.

Evergy Stock Down 2.8 %

Evergy stock opened at $64.36 on Tuesday. The company has a market capitalization of $14.80 billion, a P/E ratio of 17.39, a PEG ratio of 2.82 and a beta of 0.52. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. Evergy, Inc. has a fifty-two week low of $49.55 and a fifty-two week high of $70.30. The stock has a 50-day simple moving average of $66.79 and a 200-day simple moving average of $63.62.

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

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a $0.6675 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a yield of 4.15%. 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.