Landscape Capital Management L.L.C. Makes New $1.15 Million Investment in Evergy, Inc. (NASDAQ:EVRG)

Landscape Capital Management L.L.C. bought a new position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 18,742 shares of the company's stock, valued at approximately $1,154,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. ExodusPoint Capital Management LP grew its stake in shares of Evergy by 164.8% in the 4th quarter. ExodusPoint Capital Management LP now owns 2,312,953 shares of the company's stock valued at $142,362,000 after purchasing an additional 1,439,450 shares during the last quarter. OneAscent Financial Services LLC acquired a new stake in shares of Evergy during the fourth quarter worth $219,000. Meeder Advisory Services Inc. grew its position in Evergy by 13.3% in the 4th quarter. Meeder Advisory Services Inc. now owns 12,498 shares of the company's stock valued at $769,000 after buying an additional 1,469 shares during the last quarter. Potomac Fund Management Inc. ADV acquired a new position in Evergy in the 4th quarter valued at $444,000. Finally, Groupama Asset Managment raised its position in Evergy by 3,216.6% during the 4th quarter. Groupama Asset Managment now owns 880,768 shares of the company's stock worth $54,211,000 after buying an additional 854,212 shares during the last quarter. Hedge funds and other institutional investors own 87.24% of the company's stock.

Analysts Set New Price Targets

EVRG has been the subject of a number of recent analyst reports. Barclays boosted their target price on shares of Evergy from $62.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a research note on Monday, March 17th. Guggenheim upgraded shares of Evergy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, UBS Group increased their target price on shares of Evergy from $66.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, March 21st. One investment analyst has rated the stock with a hold rating, five 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 presently has a consensus rating of "Buy" and a consensus target price of $69.08.

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Evergy Stock Up 1.6 %

Shares of EVRG traded up $1.04 during midday trading on Friday, reaching $66.52. 2,545,058 shares of the company were exchanged, compared to its average volume of 1,949,512. Evergy, Inc. has a 1-year low of $49.55 and a 1-year high of $70.30. The stock has a 50-day moving average price of $66.94 and a 200-day moving average price of $63.74. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The company has a market cap of $15.30 billion, a price-to-earnings ratio of 17.98, a P/E/G ratio of 2.82 and a beta of 0.52.

Evergy (NASDAQ:EVRG - Get Free Report) last released 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 firm had revenue of $1.26 billion for 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%. Research analysts expect that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Announces Dividend

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 of this dividend was Monday, March 10th. This represents a $2.67 annualized dividend and a yield of 4.01%. 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.