Oppenheimer Asset Management Inc. Has $12.12 Million Position in Evergy, Inc. (NASDAQ:EVRG)

Oppenheimer Asset Management Inc. raised its position in Evergy, Inc. (NASDAQ:EVRG) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 196,979 shares of the company’s stock after purchasing an additional 2,780 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.09% of Evergy worth $12,124,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. National Pension Service bought a new position in shares of Evergy during the 4th quarter valued at about $30,000. Bank of Jackson Hole Trust acquired a new stake in Evergy during the 4th quarter worth approximately $31,000. Truvestments Capital LLC acquired a new stake in Evergy during the 3rd quarter worth approximately $32,000. Sentry Investment Management LLC bought a new position in Evergy in the third quarter valued at approximately $51,000. Finally, USA Financial Formulas bought a new stake in shares of Evergy during the fourth quarter worth $73,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EVRG has been the topic of several research reports. LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $59.00 to $68.50 in a research report on Thursday, January 2nd. Barclays cut their price target on Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Finally, Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Evergy presently has an average rating of “Moderate Buy” and a consensus target price of $65.36.

Evergy Price Performance

Shares of NASDAQ EVRG opened at $68.56 on Friday. 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 business has a 50-day moving average of $63.85 and a 200-day moving average of $62.12. The stock has a market capitalization of $15.77 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 2.82 and a beta of 0.66. Evergy, Inc. has a fifty-two week low of $48.60 and a fifty-two week high of $69.90.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11). Evergy had a net margin of 14.77% and a return on equity of 8.77%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. As a group, sell-side analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 3.89%. Evergy’s payout ratio is 72.16%.

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.