SYM FINANCIAL Corp Acquires New Shares in Evergy, Inc. (NASDAQ:EVRG)

SYM FINANCIAL Corp bought a new position in Evergy, Inc. (NASDAQ:EVRG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,696 shares of the company’s stock, valued at approximately $227,000.

Several other institutional investors have also made changes to their positions in the company. Pathway Financial Advisers LLC increased its stake in shares of Evergy by 6,854.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company’s stock worth $157,443,000 after purchasing an additional 2,502,493 shares during the last quarter. Mizuho Securities USA LLC boosted its holdings in Evergy by 7,234.3% in the third quarter. Mizuho Securities USA LLC now owns 1,300,000 shares of the company’s stock worth $80,613,000 after purchasing an additional 1,282,275 shares in the last quarter. FMR LLC increased its position in Evergy by 131.4% during the third quarter. FMR LLC now owns 2,004,414 shares of the company’s stock worth $124,294,000 after buying an additional 1,138,138 shares during the last quarter. SG Americas Securities LLC increased its position in Evergy by 15,406.4% during the fourth quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock worth $56,721,000 after buying an additional 915,603 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Evergy by 2,628.1% during the third quarter. Assenagon Asset Management S.A. now owns 725,367 shares of the company’s stock valued at $44,980,000 after buying an additional 698,778 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Kevin E. Bryant sold 48,141 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total value of $3,029,513.13. Following the sale, the executive vice president now owns 1 shares of the company’s stock, valued at $62.93. The trade was a 100.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

EVRG has been the topic of a number of analyst reports. LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $59.00 to $68.50 in a report on Thursday, January 2nd. Wells Fargo & Company lifted their price target on shares of Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Mizuho initiated coverage on shares of Evergy in a research note on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price objective for the company. Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Barclays cut their target price on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $65.36.

Evergy Stock Performance

NASDAQ EVRG opened at $64.17 on Monday. The company’s fifty day moving average is $62.40 and its two-hundred day moving average is $60.95. The firm has a market capitalization of $14.76 billion, a price-to-earnings ratio of 17.34, a P/E/G ratio of 2.64 and a beta of 0.64. 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 52-week low of $48.04 and a 52-week high of $65.47.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.07. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the previous year, the company posted $1.88 earnings per share. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. Equities research analysts forecast that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, November 21st were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.16%. The ex-dividend date of this dividend was Thursday, November 21st. This is a positive change from Evergy’s previous quarterly dividend of $0.64. Evergy’s payout ratio is 72.16%.

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.