Federated Hermes Inc. Acquires 73,066 Shares of Evergy, Inc. (NASDAQ:EVRG)

Federated Hermes Inc. increased its position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,434,216 shares of the company's stock after acquiring an additional 73,066 shares during the quarter. Federated Hermes Inc. owned about 1.49% of Evergy worth $211,376,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hilltop Holdings Inc. acquired a new position in Evergy in the third quarter valued at about $362,000. HighTower Advisors LLC boosted its stake in Evergy by 391.1% in the 3rd quarter. HighTower Advisors LLC now owns 97,186 shares of the company's stock worth $6,030,000 after purchasing an additional 77,398 shares during the period. Investment Management Corp of Ontario increased its holdings in Evergy by 46.1% during the 3rd quarter. Investment Management Corp of Ontario now owns 7,606 shares of the company's stock worth $472,000 after purchasing an additional 2,400 shares in the last quarter. IHT Wealth Management LLC grew its stake in shares of Evergy by 50.4% during the 3rd quarter. IHT Wealth Management LLC now owns 9,874 shares of the company's stock worth $611,000 after acquiring an additional 3,307 shares in the last quarter. Finally, Quantinno Capital Management LP grew its position in Evergy by 5.5% in the third quarter. Quantinno Capital Management LP now owns 105,489 shares of the company's stock valued at $6,541,000 after purchasing an additional 5,526 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. UBS Group boosted their target price on shares of Evergy from $66.00 to $68.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Barclays upped their target price on shares of Evergy from $62.00 to $72.00 and gave the company an "overweight" rating in a report on Friday, March 7th. LADENBURG THALM/SH SH upgraded Evergy to a "strong-buy" rating in a report on Monday, March 17th. Finally, Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $69.08.

Evergy Price Performance

Shares of NASDAQ EVRG traded up $0.91 during midday trading on Friday, reaching $66.39. 1,073,619 shares of the company were exchanged, compared to its average volume of 1,944,358. Evergy, Inc. has a one year low of $49.55 and a one year high of $70.30. The stock has a market cap of $15.27 billion, a P/E ratio of 17.92, a PEG ratio of 2.82 and a beta of 0.52. 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's 50-day moving average price is $66.90 and its 200-day moving average price is $63.70.

Evergy (NASDAQ:EVRG - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.11). The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. On average, sell-side analysts anticipate that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a $0.6675 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a yield of 4.02%. Evergy's payout ratio is 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.