Vinva Investment Management Ltd Has $233,000 Stock Position in Evergy, Inc. (NASDAQ:EVRG)

Vinva Investment Management Ltd reduced its position in Evergy, Inc. (NASDAQ:EVRG) by 43.0% in the 4th quarter, HoldingsChannel reports. The firm owned 3,782 shares of the company’s stock after selling 2,854 shares during the period. Vinva Investment Management Ltd’s holdings in Evergy were worth $233,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of EVRG. National Pension Service acquired a new stake in Evergy in the 4th quarter valued at about $30,000. Bank of Jackson Hole Trust acquired a new stake in Evergy in the 4th quarter valued at about $31,000. Truvestments Capital LLC bought a new position in Evergy in the 3rd quarter valued at about $32,000. SBI Securities Co. Ltd. bought a new position in Evergy in the 4th quarter valued at about $49,000. Finally, USA Financial Formulas bought a new position in Evergy in the 4th quarter valued at about $73,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. UBS Group increased their price target on shares of Evergy from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Friday. LADENBURG THALM/SH SH raised shares of Evergy to a “strong-buy” rating in a report on Monday, March 17th. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Barclays increased their price target on shares of Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, March 7th. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Evergy currently has a consensus rating of “Buy” and an average price target of $68.36.

Evergy Stock Down 0.8 %

Shares of EVRG opened at $67.45 on Friday. Evergy, Inc. has a 12 month low of $49.55 and a 12 month high of $69.93. The firm’s 50 day moving average is $65.73 and its 200-day moving average is $63.05. The stock has a market capitalization of $15.51 billion, a PE ratio of 18.23, a P/E/G ratio of 2.82 and a beta of 0.62. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share (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 the consensus estimate of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. Equities research analysts forecast that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a $0.6675 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a yield of 3.96%. Evergy’s dividend payout ratio (DPR) is 70.45%.

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.