Metis Global Partners LLC Has $471,000 Position in Evergy, Inc. (NASDAQ:EVRG)

Metis Global Partners LLC raised its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 3.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 7,646 shares of the company’s stock after purchasing an additional 290 shares during the quarter. Metis Global Partners LLC’s holdings in Evergy were worth $471,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Franklin Resources Inc. lifted its holdings in shares of Evergy by 5.5% during the 3rd quarter. Franklin Resources Inc. now owns 5,532,719 shares of the company’s stock valued at $330,469,000 after purchasing an additional 288,619 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Evergy by 9.1% during the 4th quarter. Bank of New York Mellon Corp now owns 3,085,401 shares of the company’s stock valued at $189,906,000 after purchasing an additional 256,978 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Evergy by 25.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,848,735 shares of the company’s stock valued at $176,650,000 after purchasing an additional 583,923 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Evergy by 42.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,135,011 shares of the company’s stock valued at $132,392,000 after purchasing an additional 634,735 shares in the last quarter. Finally, FMR LLC lifted its holdings in shares of Evergy by 131.4% during the 3rd quarter. FMR LLC now owns 2,004,414 shares of the company’s stock valued at $124,294,000 after purchasing an additional 1,138,138 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Evergy Trading Down 1.1 %

NASDAQ EVRG opened at $66.97 on Thursday. The stock has a market capitalization of $15.40 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 2.82 and a beta of 0.62. The stock’s 50 day moving average price is $64.29 and its two-hundred day moving average price is $62.38. 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 52 week low of $49.55 and a 52 week high of $69.93.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. As a group, analysts anticipate that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date of this dividend is Monday, March 10th. Evergy’s dividend payout ratio is currently 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.