Evergy, Inc. (NASDAQ:EVRG) Shares Purchased by NEOS Investment Management LLC

NEOS Investment Management LLC increased its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 28.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,183 shares of the company’s stock after buying an additional 2,483 shares during the quarter. NEOS Investment Management LLC’s holdings in Evergy were worth $688,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. purchased a new position in shares of Evergy during the fourth quarter worth approximately $26,000. National Pension Service purchased a new stake in Evergy in the 4th quarter valued at $30,000. Bank of Jackson Hole Trust acquired a new stake in Evergy during the 4th quarter worth $31,000. Sandy Spring Bank grew its position in Evergy by 5,983.3% during the 4th quarter. Sandy Spring Bank now owns 730 shares of the company’s stock worth $45,000 after purchasing an additional 718 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Evergy in the fourth quarter valued at $49,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Stock Up 0.8 %

EVRG opened at $67.87 on Monday. The business has a 50 day simple moving average of $66.26 and a 200-day simple moving average of $63.34. Evergy, Inc. has a 12 month low of $49.55 and a 12 month high of $69.93. The stock has a market capitalization of $15.61 billion, a P/E ratio of 18.34, a P/E/G ratio of 2.82 and a beta of 0.62. 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 (NASDAQ:EVRG) last issued its earnings results on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $1.24 billion. On average, equities analysts anticipate that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a dividend of $0.6675 per share. The ex-dividend date was Monday, March 10th. This represents a $2.67 annualized dividend and a yield of 3.93%. Evergy’s payout ratio is currently 70.45%.

Analysts Set New Price Targets

EVRG has been the subject of several recent research reports. LADENBURG THALM/SH SH upgraded shares of Evergy to a “strong-buy” rating in a research note on Monday, March 17th. Barclays increased 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. UBS Group boosted their target price on Evergy from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, March 21st. 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 issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $69.08.

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.