CANADA LIFE ASSURANCE Co Grows Position in Evergy, Inc. (NASDAQ:EVRG)

CANADA LIFE ASSURANCE Co boosted its position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 10.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,706 shares of the company's stock after buying an additional 9,413 shares during the period. CANADA LIFE ASSURANCE Co's holdings in Evergy were worth $6,320,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. purchased a new stake in Evergy in the 4th quarter valued at $26,000. National Pension Service acquired a new position in Evergy in the fourth quarter valued at $30,000. Bank of Jackson Hole Trust purchased a new stake in shares of Evergy in the fourth quarter valued at about $31,000. Sandy Spring Bank boosted its stake in shares of Evergy by 5,983.3% during the fourth quarter. Sandy Spring Bank now owns 730 shares of the company's stock worth $45,000 after buying an additional 718 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Evergy during the fourth quarter worth about $49,000. Hedge funds and other institutional investors own 87.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Barclays upped their price objective on Evergy from $72.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday. UBS Group increased their price target on Evergy from $66.00 to $68.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a research note on Monday, March 17th. Finally, Guggenheim upgraded shares of Evergy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and an average target price of $69.25.

Evergy Trading Up 2.1 %

NASDAQ:EVRG opened at $68.36 on Wednesday. Evergy, Inc. has a 1 year low of $51.49 and a 1 year high of $70.30. 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 stock has a fifty day moving average price of $67.22 and a two-hundred day moving average price of $64.05. The stock has a market capitalization of $15.72 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 2.82 and a beta of 0.52.

Evergy (NASDAQ:EVRG - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.35 EPS 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 analysts' expectations of $1.24 billion. As a group, sell-side analysts anticipate that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a dividend of $0.6675 per share. The ex-dividend date was Monday, March 10th. This represents a $2.67 annualized dividend and a yield of 3.91%. Evergy's dividend payout ratio is presently 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.

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