Sierra Summit Advisors LLC Purchases 3,038 Shares of Evergy, Inc. (NASDAQ:EVRG)

Sierra Summit Advisors LLC increased its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 33.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,254 shares of the company’s stock after acquiring an additional 3,038 shares during the period. Sierra Summit Advisors LLC’s holdings in Evergy were worth $754,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Miller Howard Investments Inc. NY grew its position in shares of Evergy by 1.4% during the 4th quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company’s stock worth $723,000 after buying an additional 162 shares during the period. Quent Capital LLC boosted its stake in Evergy by 4.6% during the fourth quarter. Quent Capital LLC now owns 3,692 shares of the company’s stock worth $227,000 after acquiring an additional 163 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in Evergy by 2.2% in the third quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company’s stock worth $482,000 after purchasing an additional 168 shares during the period. Mather Group LLC. increased its stake in Evergy by 5.7% in the fourth quarter. Mather Group LLC. now owns 3,231 shares of the company’s stock valued at $199,000 after purchasing an additional 173 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised its holdings in shares of Evergy by 2.5% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 7,322 shares of the company’s stock valued at $451,000 after purchasing an additional 182 shares during the period. 87.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. LADENBURG THALM/SH SH raised Evergy to a “strong-buy” rating in a research report on Monday, March 17th. Barclays lifted their price target on shares of Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. Finally, UBS Group lifted their price objective on shares of Evergy from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, March 21st. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $69.08.

Evergy Stock Performance

NASDAQ EVRG opened at $66.18 on Monday. The company has a fifty day moving average price of $66.79 and a 200-day moving average price of $63.60. The firm has a market cap of $15.22 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 2.82 and a beta of 0.52. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. Evergy, Inc. has a 1 year low of $49.55 and a 1 year high of $70.30.

Evergy (NASDAQ:EVRG) last issued 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 firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. As a group, equities research analysts predict that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a dividend of $0.6675 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a yield of 4.03%. Evergy’s dividend payout ratio (DPR) is currently 70.45%.

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.