Yaupon Capital Management LP Has $33.77 Million Position in Evergy, Inc. (NASDAQ:EVRG)

Yaupon Capital Management LP increased its holdings in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 1.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 548,578 shares of the company's stock after buying an additional 8,416 shares during the period. Evergy comprises approximately 1.4% of Yaupon Capital Management LP's holdings, making the stock its 14th biggest position. Yaupon Capital Management LP owned 0.24% of Evergy worth $33,765,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Allworth Financial LP increased its stake in shares of Evergy by 84.6% in the fourth 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. bought a new position in Evergy in the 4th quarter worth approximately $49,000. Hennion & Walsh Asset Management Inc. increased its position in Evergy by 23.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 10,692 shares of the company's stock valued at $658,000 after acquiring an additional 2,004 shares during the period. SG Americas Securities LLC raised its stake in Evergy by 15,406.4% during the 4th quarter. SG Americas Securities LLC now owns 921,546 shares of the company's stock valued at $56,721,000 after acquiring an additional 915,603 shares in the last quarter. Finally, Kingsview Wealth Management LLC acquired a new position in Evergy during the 4th quarter worth $214,000. Institutional investors and hedge funds own 87.24% of the company's stock.

Evergy Price Performance

Shares of NASDAQ:EVRG traded down $0.40 on Friday, reaching $67.88. 1,972,293 shares of the company traded hands, compared to its average volume of 1,956,369. The stock has a market capitalization of $15.61 billion, a PE ratio of 18.35, a P/E/G ratio of 2.82 and a beta of 0.52. 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 company's 50 day moving average is $67.30 and its 200-day moving average is $64.20. Evergy, Inc. has a fifty-two week low of $51.69 and a fifty-two week high of $70.30.

Evergy (NASDAQ:EVRG - Get Free Report) last issued 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 during the quarter, compared to analysts' expectations of $1.24 billion. As a group, 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 paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend was Monday, March 10th. Evergy's dividend payout ratio is 70.45%.

Analyst Ratings Changes

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

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.