Lee Danner & Bass Inc. Invests $26,000 in Evergy, Inc. (NASDAQ:EVRG)

Lee Danner & Bass Inc. acquired a new position in shares of Evergy, Inc. (NASDAQ:EVRG) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 425 shares of the company’s stock, valued at approximately $26,000.

Several other large investors have also modified their holdings of EVRG. HighTower Advisors LLC raised its holdings in Evergy by 391.1% in the third quarter. HighTower Advisors LLC now owns 97,186 shares of the company’s stock valued at $6,030,000 after buying an additional 77,398 shares during the period. Allworth Financial LP grew its position in Evergy by 84.6% in the fourth quarter. Allworth Financial LP now owns 7,975 shares of the company’s stock valued at $501,000 after acquiring an additional 3,654 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Evergy in the fourth quarter valued at approximately $49,000. Bank of Montreal Can grew 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 acquiring an additional 224,679 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position 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 in the last quarter. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Evergy Trading Down 0.8 %

Shares of EVRG opened at $67.45 on Monday. The business’s 50-day moving average price is $65.73 and its 200 day moving average price is $63.10. The stock 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. Evergy, Inc. has a 1-year low of $49.55 and a 1-year high of $69.93. 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 issued its quarterly earnings results on Thursday, February 27th. The company reported $0.35 earnings per share 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 analysts’ expectations of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. Analysts expect that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. UBS Group raised their price target on shares of Evergy from $66.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday. LADENBURG THALM/SH SH upgraded Evergy to a “strong-buy” rating in a research note on Monday, March 17th. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Barclays lifted 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. 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. According to MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $68.36.

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.