Swiss National Bank Has $39.98 Million Position in Evergy, Inc. (NASDAQ:EVRG)

Swiss National Bank cut its stake in Evergy, Inc. (NASDAQ:EVRG) by 4.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 649,626 shares of the company’s stock after selling 32,800 shares during the period. Swiss National Bank’s holdings in Evergy were worth $39,984,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. National Pension Service bought a new position in shares of Evergy in the 4th quarter valued at $30,000. Bank of Jackson Hole Trust bought a new stake in Evergy during the 4th quarter worth $31,000. Truvestments Capital LLC bought a new stake in shares of Evergy in the 3rd quarter valued at about $32,000. SBI Securities Co. Ltd. bought a new stake in shares of Evergy in the 4th quarter valued at about $49,000. Finally, USA Financial Formulas bought a new stake in shares of Evergy in the 4th quarter valued at about $73,000. 87.24% of the stock is owned by institutional investors and hedge funds.

Evergy Stock Performance

Shares of EVRG opened at $67.45 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The stock has a 50 day moving average price of $65.02 and a two-hundred day moving average price of $62.81. The firm has a market capitalization of $15.51 billion, a P/E ratio of 18.23, a P/E/G ratio of 2.82 and a beta of 0.62. Evergy, Inc. has a 52 week low of $49.55 and a 52 week high of $69.93.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11). The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. Equities analysts forecast 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. Shareholders of record on Monday, March 10th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend is Monday, March 10th. Evergy’s dividend payout ratio is currently 70.45%.

Analysts Set New Price Targets

EVRG has been the topic of a number of recent analyst reports. Barclays boosted their price objective on Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $59.00 to $68.50 in a research note on Thursday, January 2nd. Finally, Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $68.42.

Evergy Company 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.