New Age Alpha Advisors LLC Grows Stock Holdings in Evergy, Inc. (NASDAQ:EVRG)

New Age Alpha Advisors LLC grew its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 23,160.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 61,641 shares of the company’s stock after acquiring an additional 61,376 shares during the period. New Age Alpha Advisors LLC’s holdings in Evergy were worth $3,794,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. HighTower Advisors LLC lifted its holdings in Evergy by 391.1% during the 3rd quarter. HighTower Advisors LLC now owns 97,186 shares of the company’s stock worth $6,030,000 after purchasing an additional 77,398 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of Evergy by 84.6% in the fourth quarter. Allworth Financial LP now owns 7,975 shares of the company’s stock worth $501,000 after buying an additional 3,654 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Evergy in the fourth quarter valued at approximately $49,000. Hennion & Walsh Asset Management Inc. grew its stake in Evergy by 23.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,692 shares of the company’s stock valued at $658,000 after acquiring an additional 2,004 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in Evergy by 15,406.4% during the 4th quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock worth $56,721,000 after acquiring an additional 915,603 shares during the period. 87.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Evergy Stock Up 0.8 %

Shares of NASDAQ:EVRG opened at $67.87 on Friday. The firm has a market capitalization of $15.61 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. Evergy, Inc. has a 52-week low of $49.55 and a 52-week high of $69.93. The firm has a fifty day moving average of $66.26 and a 200 day moving average of $63.30.

Evergy (NASDAQ:EVRG) last posted 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). The firm 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%. As a group, research analysts anticipate 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. Shareholders of record on Monday, March 10th were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 3.93%. The ex-dividend date was Monday, March 10th. Evergy’s dividend payout ratio (DPR) is presently 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.