Evergy, Inc. (NASDAQ:EVRG) Shares Purchased by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. grew its position in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 18.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 78,075 shares of the company's stock after buying an additional 11,893 shares during the period. Edgemoor Investment Advisors Inc.'s holdings in Evergy were worth $4,806,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. HighTower Advisors LLC grew its stake in shares of Evergy by 391.1% during the third quarter. HighTower Advisors LLC now owns 97,186 shares of the company's stock worth $6,030,000 after acquiring an additional 77,398 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Evergy by 84.6% in the 4th quarter. Allworth Financial LP now owns 7,975 shares of the company's stock valued at $501,000 after purchasing an additional 3,654 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Evergy in the fourth quarter worth about $49,000. BNP Paribas Financial Markets raised its holdings in Evergy by 34.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 945,148 shares of the company's stock worth $58,609,000 after purchasing an additional 239,599 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of Evergy by 29.1% during the 3rd quarter. Bank of Montreal Can now owns 997,832 shares of the company's stock worth $61,806,000 after buying an additional 224,679 shares during the period. 87.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EVRG has been the topic of a number of research analyst reports. Barclays lifted their price target on Evergy from $62.00 to $72.00 and gave the stock 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 report on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a report on Monday. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $68.42.

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Evergy Stock Performance

EVRG traded up $0.71 on Wednesday, reaching $67.81. The company had a trading volume of 741,415 shares, compared to its average volume of 1,806,556. Evergy, Inc. has a 1 year low of $49.55 and a 1 year high of $69.93. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $15.60 billion, a PE ratio of 18.33, a P/E/G ratio of 2.82 and a beta of 0.62. The stock has a 50-day moving average price of $65.30 and a 200-day moving average price of $62.93.

Evergy (NASDAQ:EVRG - Get Free Report) last issued 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). The business had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. As a group, research analysts forecast that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The company 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 of this dividend is Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a yield of 3.94%. Evergy's dividend payout ratio (DPR) 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.