Duff & Phelps Investment Management Co. boosted its stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 1.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,851,745 shares of the company's stock after buying an additional 29,098 shares during the period. Evergy accounts for approximately 1.4% of Duff & Phelps Investment Management Co.'s investment portfolio, making the stock its 24th largest holding. Duff & Phelps Investment Management Co. owned 0.81% of Evergy worth $113,975,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Lee Danner & Bass Inc. acquired a new stake in Evergy in the 4th quarter valued at approximately $26,000. National Pension Service acquired a new position in shares of Evergy during the fourth quarter valued at $30,000. Bank of Jackson Hole Trust acquired a new stake in Evergy in the fourth quarter worth about $31,000. Truvestments Capital LLC bought a new position in Evergy in the 3rd quarter valued at about $32,000. Finally, Sandy Spring Bank increased its stake in Evergy by 5,983.3% during the 4th quarter. Sandy Spring Bank now owns 730 shares of the company's stock valued at $45,000 after buying an additional 718 shares during the period. 87.24% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on EVRG. UBS Group upped their price target on shares of Evergy from $66.00 to $68.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Barclays lifted their price target on Evergy from $62.00 to $72.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH upgraded shares of 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 assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Evergy presently has an average rating of "Buy" and an average price target of $69.08.
Read Our Latest Analysis on Evergy
Evergy Stock Down 0.3 %
NASDAQ:EVRG traded down $0.22 during trading hours on Tuesday, hitting $68.73. 539,953 shares of the stock traded hands, compared to its average volume of 1,901,617. The firm has a market cap of $15.81 billion, a price-to-earnings ratio of 18.64, a PEG ratio of 2.82 and a beta of 0.62. The firm has a 50 day moving average price of $66.37 and a 200 day moving average price of $63.40. 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 fifty-two week low of $49.55 and a fifty-two week high of $69.93.
Evergy (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.11). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The business had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.24 billion. Equities research analysts anticipate that Evergy, Inc. will post 3.83 earnings per share for the current year.
Evergy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date was Monday, March 10th. Evergy's dividend payout ratio (DPR) is currently 70.45%.
About Evergy
(
Free Report)
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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