American Century Companies Inc. Raises Stake in Evergy, Inc. (NASDAQ:EVRG)

American Century Companies Inc. raised its stake in Evergy, Inc. (NASDAQ:EVRG) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,555,122 shares of the company’s stock after buying an additional 130,804 shares during the quarter. American Century Companies Inc. owned approximately 1.55% of Evergy worth $218,818,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Franklin Resources Inc. grew its holdings in shares of Evergy by 5.5% during the 3rd quarter. Franklin Resources Inc. now owns 5,532,719 shares of the company’s stock worth $330,469,000 after purchasing an additional 288,619 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Evergy by 9.1% during the 4th quarter. Bank of New York Mellon Corp now owns 3,085,401 shares of the company’s stock worth $189,906,000 after purchasing an additional 256,978 shares during the period. Point72 Asset Management L.P. grew its holdings in shares of Evergy by 25.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,848,735 shares of the company’s stock worth $176,650,000 after purchasing an additional 583,923 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Evergy by 1.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,160,492 shares of the company’s stock worth $132,978,000 after purchasing an additional 25,481 shares during the period. Finally, FMR LLC grew its holdings in shares of Evergy by 131.4% during the 3rd quarter. FMR LLC now owns 2,004,414 shares of the company’s stock worth $124,294,000 after purchasing an additional 1,138,138 shares during the period. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Evergy Price Performance

EVRG stock opened at $67.45 on Friday. 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 firm has a market capitalization of $15.51 billion, a P/E ratio of 18.23, a P/E/G ratio of 2.82 and a beta of 0.62. The business’s 50-day moving average is $65.73 and its two-hundred day moving average is $63.08. Evergy, Inc. has a 1 year low of $49.55 and a 1 year high of $69.93.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results 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 company 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%. Analysts anticipate that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend was Monday, March 10th. Evergy’s dividend payout ratio is currently 70.45%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on EVRG shares. Barclays increased their price target on Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. UBS Group increased their price target on Evergy from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday. LADENBURG THALM/SH SH upgraded Evergy to a “strong-buy” rating in a report on Monday, March 17th. 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, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Evergy has a consensus rating of “Buy” and a consensus target price of $68.36.

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.