National Pension Service Purchases New Shares in Evergy, Inc. (NASDAQ:EVRG)

National Pension Service purchased a new stake in shares of Evergy, Inc. (NASDAQ:EVRG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 481 shares of the company’s stock, valued at approximately $30,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Amalgamated Bank grew its position in Evergy by 1.4% during the fourth quarter. Amalgamated Bank now owns 45,435 shares of the company’s stock valued at $2,797,000 after buying an additional 633 shares during the period. Bank of New York Mellon Corp grew its position in Evergy by 9.1% during the fourth quarter. Bank of New York Mellon Corp now owns 3,085,401 shares of the company’s stock valued at $189,906,000 after buying an additional 256,978 shares during the period. Blackhawk Capital Partners LLC. grew its position in Evergy by 38.0% during the fourth quarter. Blackhawk Capital Partners LLC. now owns 7,993 shares of the company’s stock valued at $492,000 after buying an additional 2,201 shares during the period. IFP Advisors Inc grew its position in Evergy by 5.5% during the fourth quarter. IFP Advisors Inc now owns 9,911 shares of the company’s stock valued at $610,000 after buying an additional 521 shares during the period. Finally, Howard Capital Management Inc. grew its position in Evergy by 1.1% during the fourth quarter. Howard Capital Management Inc. now owns 66,858 shares of the company’s stock valued at $4,115,000 after buying an additional 724 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Stock Performance

NASDAQ:EVRG opened at $68.91 on Friday. The company’s 50-day moving average price is $64.00 and its 200-day moving average price is $62.22. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The company has a market cap of $15.85 billion, a P/E ratio of 18.62, a P/E/G ratio of 2.82 and a beta of 0.66. Evergy, Inc. has a twelve month low of $48.60 and a twelve month high of $69.90.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results 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 business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. On average, sell-side analysts forecast that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Monday, March 10th. Evergy’s dividend payout ratio is currently 70.45%.

Wall Street Analysts Forecast Growth

EVRG has been the topic of several research analyst reports. Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a research 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 on the stock in a research 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 research report on Thursday, January 2nd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $65.36.

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.