Pictet Asset Management Holding SA Acquires 354 Shares of Evergy, Inc. (NASDAQ:EVRG)

Pictet Asset Management Holding SA boosted its holdings in shares of Evergy, Inc. (NASDAQ:EVRG) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 66,857 shares of the company’s stock after acquiring an additional 354 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Evergy were worth $4,115,000 as of its most recent SEC filing.

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

Evergy Price Performance

Shares of EVRG stock opened at $66.18 on Friday. The company has a market cap of $15.22 billion, a P/E 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. The stock’s 50-day moving average is $66.79 and its 200 day moving average is $63.57. 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 analysts’ expectations of $1.24 billion. Research analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders 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 annualized dividend and a dividend yield of 4.03%. Evergy’s dividend payout ratio is presently 70.45%.

Wall Street Analysts Forecast Growth

EVRG has been the subject of a number of research reports. UBS Group boosted their price target on Evergy from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Barclays upped their target price on Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. LADENBURG THALM/SH SH upgraded Evergy to a “strong-buy” rating in a research note on Monday, March 17th. Finally, Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. One investment 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. According to MarketBeat.com, Evergy presently has an average rating of “Buy” and a consensus price target of $69.08.

Evergy 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.