XTX Topco Ltd Makes New $933,000 Investment in Evergy, Inc. (NASDAQ:EVRG)

XTX Topco Ltd purchased a new position in Evergy, Inc. (NASDAQ:EVRG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 15,151 shares of the company's stock, valued at approximately $933,000.

Several other institutional investors and hedge funds also recently made changes to their positions in EVRG. Lee Danner & Bass Inc. bought a new position in shares of Evergy during the 4th quarter valued at $26,000. National Pension Service bought a new stake in shares of Evergy during the 4th quarter valued at about $30,000. Bank of Jackson Hole Trust bought a new stake in shares of Evergy during the 4th quarter valued at about $31,000. Sandy Spring Bank lifted 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 worth $45,000 after purchasing an additional 718 shares during the period. Finally, SBI Securities Co. Ltd. bought a new position in shares of Evergy in the 4th quarter worth approximately $49,000. Institutional investors own 87.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EVRG shares. Barclays upped their target price on shares of Evergy from $62.00 to $72.00 and gave the company an "overweight" rating in a report on Friday, March 7th. LADENBURG THALM/SH SH raised Evergy to a "strong-buy" rating in a report on Monday, March 17th. Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Finally, UBS Group raised their price objective on Evergy from $66.00 to $68.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. One research 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. Based on data from MarketBeat, the company has a consensus rating of "Buy" and an average price target of $69.08.

Evergy Price Performance

Shares of Evergy stock traded up $0.94 during trading hours on Friday, hitting $68.37. The company's stock had a trading volume of 1,975,930 shares, compared to its average volume of 1,960,803. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. Evergy, Inc. has a 12-month low of $51.49 and a 12-month high of $70.30. The business has a 50 day moving average price of $67.18 and a two-hundred day moving average price of $63.95. The company has a market cap of $15.73 billion, a PE ratio of 18.48, a PEG ratio of 2.82 and a beta of 0.52.

Evergy (NASDAQ:EVRG - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $1.26 billion during the quarter, compared to the consensus estimate 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 fiscal year.

Evergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend was Monday, March 10th. Evergy's payout ratio 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.