904,180 Shares in Evergy, Inc. (NASDAQ:EVRG) Purchased by Brandes Investment Partners LP

Brandes Investment Partners LP bought a new stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 904,180 shares of the company's stock, valued at approximately $55,652,000. Brandes Investment Partners LP owned 0.39% of Evergy at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Miller Howard Investments Inc. NY increased its holdings in shares of Evergy by 1.4% in the 4th quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company's stock valued at $723,000 after acquiring an additional 162 shares during the period. Quent Capital LLC increased its stake in Evergy by 4.6% in the 4th quarter. Quent Capital LLC now owns 3,692 shares of the company's stock valued at $227,000 after buying an additional 163 shares during the period. Sunbelt Securities Inc. increased its stake in Evergy by 2.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company's stock valued at $482,000 after buying an additional 168 shares during the period. Empirical Finance LLC increased its stake in Evergy by 2.3% in the 3rd quarter. Empirical Finance LLC now owns 7,751 shares of the company's stock valued at $481,000 after buying an additional 171 shares during the period. Finally, Mather Group LLC. increased its stake in Evergy by 5.7% in the 4th quarter. Mather Group LLC. now owns 3,231 shares of the company's stock valued at $199,000 after buying an additional 173 shares during the period. 87.24% of the stock is owned by institutional investors and hedge funds.

Evergy Price Performance

Shares of NASDAQ:EVRG traded up $0.66 on Wednesday, reaching $67.76. 1,716,098 shares of the company were exchanged, compared to its average volume of 1,809,613. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a 1-year low of $49.55 and a 1-year high of $69.93. The firm has a market cap of $15.59 billion, a price-to-earnings ratio of 18.31, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62. The company has a 50-day moving average of $65.30 and a 200-day moving average of $62.93.

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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 analysts' consensus estimates of $0.46 by ($0.11). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Equities analysts forecast that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be given a $0.6675 dividend. The ex-dividend date is Monday, March 10th. This represents a $2.67 annualized dividend and a dividend yield of 3.94%. Evergy's dividend payout ratio is presently 70.45%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on EVRG shares. Barclays boosted their price objective on shares of Evergy from $62.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a research note on Monday. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average 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.