Hartree Partners LP Invests $1.48 Million in Evergy, Inc. (NASDAQ:EVRG)

Hartree Partners LP bought a new stake in Evergy, Inc. (NASDAQ:EVRG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 24,000 shares of the company’s stock, valued at approximately $1,477,000.

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

Evergy Stock Up 0.8 %

EVRG opened at $67.87 on Friday. Evergy, Inc. has a 52 week low of $49.55 and a 52 week high of $69.93. The business has a 50 day moving average price of $66.26 and a two-hundred day moving average price of $63.32. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The company has a market cap of $15.61 billion, a PE ratio of 18.34, a P/E/G ratio of 2.82 and a beta of 0.62.

Evergy (NASDAQ:EVRG) last released its quarterly 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. As a group, research analysts anticipate that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a $0.6675 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.93%. Evergy’s dividend payout ratio (DPR) is presently 70.45%.

Analysts Set New Price Targets

EVRG has been the topic of a number of recent analyst reports. UBS Group increased their target price on shares of Evergy from $66.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. LADENBURG THALM/SH SH raised Evergy to a “strong-buy” rating in a report on Monday, March 17th. Barclays boosted their target price on Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Finally, Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price 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.