Jones Financial Companies Lllp Purchases 42,268 Shares of Evergy, Inc. (NASDAQ:EVRG)

Jones Financial Companies Lllp increased its position in Evergy, Inc. (NASDAQ:EVRG) by 58.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 114,486 shares of the company’s stock after buying an additional 42,268 shares during the period. Jones Financial Companies Lllp’s holdings in Evergy were worth $7,047,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Miller Howard Investments Inc. NY grew its stake in shares of Evergy by 1.4% in the fourth quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company’s stock worth $723,000 after acquiring an additional 162 shares during the last quarter. Quent Capital LLC boosted its holdings in Evergy by 4.6% in the 4th quarter. Quent Capital LLC now owns 3,692 shares of the company’s stock valued at $227,000 after purchasing an additional 163 shares during the period. Sunbelt Securities Inc. grew its position in Evergy by 2.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company’s stock worth $482,000 after purchasing an additional 168 shares during the last quarter. Empirical Finance LLC increased its holdings in shares of Evergy by 2.3% during the 3rd quarter. Empirical Finance LLC now owns 7,751 shares of the company’s stock worth $481,000 after purchasing an additional 171 shares during the period. Finally, Mather Group LLC. raised its position in shares of Evergy by 5.7% during the fourth quarter. Mather Group LLC. now owns 3,231 shares of the company’s stock valued at $199,000 after buying an additional 173 shares during the last quarter. Institutional investors own 87.24% of the company’s stock.

Evergy Trading Up 0.9 %

EVRG stock opened at $69.52 on Tuesday. Evergy, Inc. has a 1-year low of $48.86 and a 1-year high of $69.90. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The business’s 50 day moving average is $64.00 and its 200-day moving average is $62.24. The firm has a market cap of $15.99 billion, a P/E ratio of 18.79, a P/E/G ratio of 2.82 and a beta of 0.66.

Evergy (NASDAQ:EVRG) last announced 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). The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. Equities analysts anticipate 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 given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend is Monday, March 10th. Evergy’s dividend payout ratio (DPR) is currently 70.45%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on EVRG shares. Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Barclays reduced their price objective on Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a research report on Monday, January 27th. Finally, LADENBURG THALM/SH SH upgraded 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. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Evergy presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.36.

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.