Clearbridge Investments LLC Has $1.99 Million Holdings in Evergy, Inc. (NASDAQ:EVRG)

Clearbridge Investments LLC lifted its stake in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 21.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,307 shares of the company's stock after acquiring an additional 5,681 shares during the quarter. Clearbridge Investments LLC's holdings in Evergy were worth $1,988,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of EVRG. Miller Howard Investments Inc. NY raised its stake in Evergy by 1.4% during the 4th quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company's stock valued at $723,000 after purchasing an additional 162 shares during the period. Quent Capital LLC boosted its position in Evergy by 4.6% during the 4th quarter. Quent Capital LLC now owns 3,692 shares of the company's stock worth $227,000 after acquiring an additional 163 shares during the period. Sunbelt Securities Inc. grew its stake in Evergy by 2.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company's stock valued at $482,000 after acquiring an additional 168 shares in the last quarter. Mather Group LLC. increased its holdings in shares of 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 purchasing an additional 173 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its holdings in shares of Evergy by 2.5% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 7,322 shares of the company's stock worth $451,000 after purchasing an additional 182 shares during the period. 87.24% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

A number of research firms have issued reports on EVRG. Barclays increased their target price on shares of Evergy from $62.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. LADENBURG THALM/SH SH upgraded Evergy to a "strong-buy" rating in a research note on Monday, March 17th. Guggenheim upgraded Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Finally, UBS Group raised their price objective 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. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $69.08.

Evergy Stock Performance

NASDAQ:EVRG traded up $1.84 during midday trading on Tuesday, reaching $66.20. The stock had a trading volume of 639,392 shares, compared to its average volume of 1,920,910. The stock has a market capitalization of $15.23 billion, a P/E ratio of 17.88, a PEG ratio of 2.82 and a beta of 0.52. Evergy, Inc. has a 1-year low of $49.55 and a 1-year high of $70.30. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. The firm's fifty day simple moving average is $66.79 and its 200-day simple moving average is $63.62.

Evergy (NASDAQ:EVRG - Get Free Report) last posted 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 business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. On average, equities research analysts forecast that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date was Monday, March 10th. Evergy's dividend payout ratio (DPR) is presently 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.