527,837 Shares in Evergy, Inc. (NASDAQ:EVRG) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 527,837 shares of the company's stock, valued at approximately $32,488,000. Raymond James Financial Inc. owned approximately 0.23% of Evergy as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in Evergy by 7.2% in the third quarter. Principal Financial Group Inc. now owns 278,197 shares of the company's stock valued at $17,251,000 after purchasing an additional 18,595 shares during the period. Venturi Wealth Management LLC grew its stake in shares of Evergy by 230.0% in the third quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company's stock valued at $86,000 after buying an additional 966 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Evergy by 2.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 515,306 shares of the company's stock valued at $31,954,000 after buying an additional 14,383 shares in the last quarter. Prime Capital Investment Advisors LLC grew its stake in shares of Evergy by 40.3% in the third quarter. Prime Capital Investment Advisors LLC now owns 10,138 shares of the company's stock valued at $629,000 after buying an additional 2,910 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of Evergy by 0.3% in the third quarter. Oppenheimer Asset Management Inc. now owns 194,199 shares of the company's stock valued at $12,042,000 after buying an additional 543 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company's stock.

Evergy Stock Up 0.5 %

Evergy stock opened at $66.61 on Friday. Evergy, Inc. has a fifty-two week low of $49.55 and a fifty-two week high of $69.93. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The company has a market capitalization of $15.32 billion, a P/E ratio of 18.00, a PEG ratio of 2.82 and a beta of 0.62. The stock has a 50-day simple moving average of $64.80 and a 200-day simple moving average of $62.67.

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Evergy (NASDAQ:EVRG - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.35 EPS 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 analysts' expectations of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. Equities research analysts expect that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 4.01%. The ex-dividend date is Monday, March 10th. Evergy's dividend payout ratio is presently 70.45%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on EVRG shares. Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Barclays boosted their target price on Evergy from $62.00 to $72.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Finally, LADENBURG THALM/SH SH raised Evergy from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $59.00 to $68.50 in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Evergy currently has a consensus rating of "Moderate Buy" and a consensus price target of $68.42.

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.

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