Evergy, Inc. (EVRG) to Issue Quarterly Dividend of $0.67 on March 21st

Evergy, Inc. (NASDAQ:EVRG) announced a quarterly dividend on Wednesday, February 19th, RTT News reports. Shareholders of record on Monday, March 10th will be paid a dividend of 0.6675 per share on Friday, March 21st. This represents a $2.67 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date is Monday, March 10th.

Evergy has raised its dividend by an average of 6.0% annually over the last three years. Evergy has a payout ratio of 62.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Evergy to earn $4.03 per share next year, which means the company should continue to be able to cover its $2.67 annual dividend with an expected future payout ratio of 66.3%.

Evergy Stock Performance

Shares of EVRG stock opened at $65.80 on Friday. The stock has a market cap of $15.13 billion, a P/E ratio of 17.78, a P/E/G ratio of 2.82 and a beta of 0.62. 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 fifty day moving average price of $64.47 and a two-hundred day moving average price of $62.43. Evergy has a one year low of $49.55 and a one year high of $69.93.

Evergy (NASDAQ:EVRG) last announced its quarterly 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). The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. As a group, equities analysts predict that Evergy will post 3.83 EPS for the current year.

Analyst Ratings Changes

EVRG has been the subject of a number of recent analyst reports. Barclays increased their price target on shares of Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday. LADENBURG THALM/SH SH upgraded shares of Evergy from a “neutral” rating to a “buy” rating and raised their target price for the stock from $59.00 to $68.50 in a research note on Thursday, January 2nd. Finally, Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Evergy presently has an average rating of “Moderate Buy” and a consensus target price of $66.79.

Institutional Trading of Evergy

An institutional investor recently bought a new position in Evergy stock. Brighton Jones LLC acquired a new position in Evergy, Inc. (NASDAQ:EVRG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,170 shares of the company’s stock, valued at approximately $257,000. Institutional investors own 87.24% of the company’s stock.

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.