Evergy, Inc. (NASDAQ:EVRG) Shares Purchased by HighPoint Advisor Group LLC

HighPoint Advisor Group LLC grew its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 21.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,381 shares of the company’s stock after acquiring an additional 1,846 shares during the quarter. HighPoint Advisor Group LLC’s holdings in Evergy were worth $687,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Lee Danner & Bass Inc. acquired a new stake in Evergy during the 4th quarter worth approximately $26,000. National Pension Service purchased a new stake in Evergy during the fourth quarter worth approximately $30,000. Bank of Jackson Hole Trust acquired a new stake in shares of Evergy in the fourth quarter worth $31,000. Sandy Spring Bank raised its stake in shares of Evergy by 5,983.3% in the 4th quarter. Sandy Spring Bank now owns 730 shares of the company’s stock valued at $45,000 after acquiring an additional 718 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Evergy in the 4th quarter valued at $49,000. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on EVRG shares. LADENBURG THALM/SH SH upgraded 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. Barclays raised their target price on Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Finally, UBS Group upped their price target on Evergy from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. One investment analyst has rated the stock with a hold rating, five have assigned 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 an average target price of $69.08.

Evergy Price Performance

EVRG stock opened at $69.01 on Wednesday. The stock’s 50 day moving average is $66.48 and its two-hundred day moving average is $63.46. Evergy, Inc. has a 52-week low of $49.55 and a 52-week high of $69.93. The company has a market capitalization of $15.87 billion, a PE ratio of 18.65, a P/E/G ratio of 2.82 and a beta of 0.62. 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 (NASDAQ:EVRG) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.11). The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. Analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.67 annualized dividend and a yield of 3.87%. 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.