Allstate Corp Takes $486,000 Position in Evergy, Inc. (NASDAQ:EVRG)

Allstate Corp bought a new position in Evergy, Inc. (NASDAQ:EVRG - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 7,902 shares of the company's stock, valued at approximately $486,000.

A number of other hedge funds have also added to or reduced their stakes in EVRG. Orion Portfolio Solutions LLC grew its stake in Evergy by 9.2% in the fourth quarter. Orion Portfolio Solutions LLC now owns 46,085 shares of the company's stock worth $2,837,000 after purchasing an additional 3,880 shares in the last quarter. Pictet Asset Management Holding SA grew its position in shares of Evergy by 0.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 66,857 shares of the company's stock worth $4,115,000 after buying an additional 354 shares in the last quarter. Duff & Phelps Investment Management Co. increased its stake in shares of Evergy by 1.6% during the fourth quarter. Duff & Phelps Investment Management Co. now owns 1,851,745 shares of the company's stock valued at $113,975,000 after buying an additional 29,098 shares during the period. New Age Alpha Advisors LLC increased its stake in shares of Evergy by 23,160.8% during the fourth quarter. New Age Alpha Advisors LLC now owns 61,641 shares of the company's stock valued at $3,794,000 after buying an additional 61,376 shares during the period. Finally, NEOS Investment Management LLC raised its holdings in shares of Evergy by 28.5% in the fourth quarter. NEOS Investment Management LLC now owns 11,183 shares of the company's stock valued at $688,000 after acquiring an additional 2,483 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. UBS Group raised their target price on shares of Evergy from $66.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Barclays boosted their price objective on shares of 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 to a "strong-buy" rating in a research report on Monday, March 17th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $69.08.

Evergy Stock Down 4.4 %

EVRG traded down $3.03 during trading on Friday, hitting $66.18. The stock had a trading volume of 4,851,233 shares, compared to its average volume of 1,917,072. The stock has a 50 day simple moving average of $66.79 and a two-hundred day simple moving average of $63.60. 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 twelve month low of $49.55 and a twelve month high of $70.30. The company has a market capitalization of $15.22 billion, a PE ratio of 17.89, a PEG ratio of 2.82 and a beta of 0.52.

Evergy (NASDAQ:EVRG - Get Free Report) last announced 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). Evergy had a net margin of 14.77% and a return on equity of 8.77%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. On average, research analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.03%. Evergy's payout ratio is 70.45%.

Evergy 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.