6,251 Shares in Evergy, Inc. (NASDAQ:EVRG) Bought by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC bought a new stake in Evergy, Inc. (NASDAQ:EVRG) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 6,251 shares of the company’s stock, valued at approximately $385,000.

Several other institutional investors also recently made changes to their positions in EVRG. HighTower Advisors LLC boosted its holdings in Evergy by 391.1% during the third quarter. HighTower Advisors LLC now owns 97,186 shares of the company’s stock worth $6,030,000 after buying an additional 77,398 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Evergy by 84.6% in the 4th quarter. Allworth Financial LP now owns 7,975 shares of the company’s stock worth $501,000 after acquiring an additional 3,654 shares during the period. BNP Paribas Financial Markets boosted its position in 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 purchasing an additional 239,599 shares in the last quarter. Bank of Montreal Can boosted its position in Evergy by 29.1% during the third quarter. Bank of Montreal Can now owns 997,832 shares of the company’s stock worth $61,806,000 after purchasing an additional 224,679 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in Evergy by 23.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 10,692 shares of the company’s stock valued at $658,000 after purchasing an additional 2,004 shares during the last quarter. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Evergy Trading Up 0.8 %

Shares of EVRG opened at $65.59 on Wednesday. Evergy, Inc. has a fifty-two week low of $49.55 and a fifty-two week high of $69.93. The company has a market capitalization of $15.09 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62. The stock has a fifty day moving average of $64.71 and a two-hundred day moving average of $62.64. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data 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 net margin of 14.77% and a return on equity of 8.77%. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. As a group, analysts forecast that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

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 issued a dividend of $0.6675 per share. The ex-dividend date is Monday, March 10th. This represents a $2.67 annualized dividend and a dividend yield of 4.07%. Evergy’s payout ratio is currently 70.45%.

Analyst Ratings Changes

EVRG has been the topic of a number of research reports. Barclays increased their price objective on shares of Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $59.00 to $68.50 in a research note on Thursday, January 2nd. Finally, Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $66.79.

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.