Teacher Retirement System of Texas Takes Position in Evergy, Inc. (NASDAQ:EVRG)

Teacher Retirement System of Texas purchased a new position in shares of Evergy, Inc. (NASDAQ:EVRG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 32,615 shares of the company’s stock, valued at approximately $2,007,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of EVRG. FMR LLC increased its stake in Evergy by 131.4% in the third 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. SG Americas Securities LLC boosted its position in Evergy by 15,406.4% in the 4th quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock valued at $56,721,000 after buying an additional 915,603 shares during the period. Brandes Investment Partners LP purchased a new position in Evergy during the 4th quarter worth $55,652,000. Point72 Asset Management L.P. lifted its stake in Evergy by 25.8% in the third quarter. Point72 Asset Management L.P. now owns 2,848,735 shares of the company’s stock worth $176,650,000 after acquiring an additional 583,923 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Evergy during the 4th quarter worth about $32,488,000. 87.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. LADENBURG THALM/SH SH upgraded shares of Evergy to a “strong-buy” rating in a report on Monday, March 17th. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. UBS Group boosted their price target on Evergy from $66.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Finally, 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 report on Friday, March 7th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $69.08.

Evergy Price Performance

Shares of NASDAQ EVRG opened at $67.32 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a 52 week low of $49.55 and a 52 week high of $69.93. The business’s 50 day moving average price is $66.16 and its 200 day moving average price is $63.25. The firm has a market cap of $15.48 billion, a P/E ratio of 18.19, a P/E/G ratio of 2.82 and a beta of 0.62.

Evergy (NASDAQ:EVRG) last issued its earnings results on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.11). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.24 billion. On average, sell-side analysts expect that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 3.97%. The ex-dividend date was Monday, March 10th. 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.