Proficio Capital Partners LLC Invests $2.59 Million in Evergy, Inc. (NASDAQ:EVRG)

Proficio Capital Partners LLC purchased a new stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 42,100 shares of the company's stock, valued at approximately $2,591,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. National Pension Service purchased a new position in Evergy in the fourth quarter valued at about $30,000. Bank of Jackson Hole Trust acquired a new stake in shares of Evergy during the 4th quarter worth approximately $31,000. Truvestments Capital LLC acquired a new stake in shares of Evergy during the 3rd quarter worth approximately $32,000. Sentry Investment Management LLC acquired a new stake in shares of Evergy during the 3rd quarter worth approximately $51,000. Finally, USA Financial Formulas acquired a new stake in shares of Evergy during the 4th quarter worth approximately $73,000. Hedge funds and other institutional investors own 87.24% of the company's stock.

Evergy Price Performance

NASDAQ EVRG traded up $0.07 on Friday, reaching $65.80. 3,050,268 shares of the stock traded hands, compared to its average volume of 1,790,660. The firm's fifty day simple moving average is $64.55 and its 200 day simple moving average is $62.51. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The company has a market cap of $15.13 billion, a price-to-earnings ratio of 17.78, a P/E/G ratio of 2.82 and a beta of 0.62. Evergy, Inc. has a 12 month low of $49.55 and a 12 month high of $69.93.

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Evergy (NASDAQ:EVRG - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) 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 the consensus estimate of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. As a group, research analysts predict that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend is Monday, March 10th. Evergy's payout ratio is currently 70.45%.

Analyst Upgrades and Downgrades

EVRG has been the topic of a number of research reports. LADENBURG THALM/SH SH upgraded Evergy from a "neutral" rating to a "buy" rating and increased their price target for the stock from $59.00 to $68.50 in a research report on Thursday, January 2nd. Guggenheim upgraded Evergy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, Barclays raised their target price on Evergy from $62.00 to $72.00 and gave the company an "overweight" rating in a research report on Friday. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $66.79.

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.