Triad Wealth Partners LLC Takes $267,000 Position in Evergy, Inc. (NASDAQ:EVRG)

Triad Wealth Partners LLC purchased a new stake in shares of Evergy, Inc. (NASDAQ:EVRG) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,332 shares of the company’s stock, valued at approximately $267,000.

A number of other large investors have also recently modified their holdings of the business. National Pension Service purchased a new position in Evergy in the 4th quarter worth approximately $30,000. Bank of Jackson Hole Trust purchased a new position in Evergy in the 4th quarter worth approximately $31,000. Truvestments Capital LLC purchased a new position in Evergy in the 3rd quarter worth approximately $32,000. SBI Securities Co. Ltd. purchased a new position in Evergy in the 4th quarter worth approximately $49,000. Finally, Sentry Investment Management LLC purchased a new position in Evergy in the 3rd quarter worth approximately $51,000. Institutional investors own 87.24% of the company’s stock.

Evergy Price Performance

EVRG opened at $66.97 on Thursday. The stock has a fifty day simple moving average of $64.29 and a two-hundred day simple moving average of $62.38. 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 company has a market cap of $15.40 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62. Evergy, Inc. has a 12-month low of $49.55 and a 12-month high of $69.93.

Evergy (NASDAQ:EVRG) last released its earnings results on Thursday, February 27th. The company reported $0.35 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 company 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend is Monday, March 10th. Evergy’s dividend payout ratio (DPR) is currently 70.45%.

Analyst Ratings Changes

EVRG has been the topic of a number of analyst reports. Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $59.00 to $68.50 in a research note on Thursday, January 2nd. Finally, Barclays reduced their target price on Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. 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.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $65.36.

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.