M&T Bank Corp Acquires 2,812 Shares of Evergy, Inc. (NASDAQ:EVRG)

M&T Bank Corp boosted its holdings in Evergy, Inc. (NASDAQ:EVRG) by 1.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 173,112 shares of the company’s stock after buying an additional 2,812 shares during the quarter. M&T Bank Corp owned approximately 0.08% of Evergy worth $10,655,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of EVRG. HighTower Advisors LLC boosted its stake in shares of Evergy by 391.1% in the 3rd quarter. HighTower Advisors LLC now owns 97,186 shares of the company’s stock valued at $6,030,000 after purchasing an additional 77,398 shares in the last quarter. Allworth Financial LP lifted its stake in Evergy by 84.6% in the 4th quarter. Allworth Financial LP now owns 7,975 shares of the company’s stock valued at $501,000 after purchasing an additional 3,654 shares during the last quarter. Bank of Montreal Can boosted its position in Evergy by 29.1% in the third quarter. Bank of Montreal Can now owns 997,832 shares of the company’s stock valued at $61,806,000 after buying an additional 224,679 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Evergy by 34.0% during the third quarter. BNP Paribas Financial Markets now owns 945,148 shares of the company’s stock worth $58,609,000 after buying an additional 239,599 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of Evergy by 23.1% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,692 shares of the company’s stock worth $658,000 after buying an additional 2,004 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

Evergy Price Performance

Shares of EVRG opened at $65.73 on Friday. The business has a 50-day moving average of $64.39 and a 200-day moving average of $62.41. 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 company has a market capitalization of $15.12 billion, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62. Evergy, Inc. has a 1 year low of $49.55 and a 1 year high of $69.93.

Evergy (NASDAQ:EVRG) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.24 billion. As a group, equities research analysts anticipate that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be given a dividend of $0.6675 per share. The ex-dividend date is Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a yield of 4.06%. Evergy’s dividend payout ratio (DPR) is currently 70.45%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EVRG. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded Evergy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $59.00 to $68.50 in a report on Thursday, January 2nd. Finally, Barclays dropped their price objective on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a report on Monday, January 27th. One 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, Evergy has an average 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.