Charles Schwab Investment Management Inc. Has $132.98 Million Position in Evergy, Inc. (NASDAQ:EVRG)

Charles Schwab Investment Management Inc. raised its holdings in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 1.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,160,492 shares of the company's stock after acquiring an additional 25,481 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.94% of Evergy worth $132,978,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in EVRG. National Pension Service purchased a new position in Evergy during the fourth quarter valued at approximately $30,000. Bank of Jackson Hole Trust acquired a new stake in shares of Evergy during the 4th quarter valued at $31,000. Truvestments Capital LLC purchased a new position in shares of Evergy during the 3rd quarter valued at $32,000. SBI Securities Co. Ltd. acquired a new position in shares of Evergy in the fourth quarter worth $49,000. Finally, USA Financial Formulas purchased a new stake in shares of Evergy during the fourth quarter worth $73,000. Institutional investors and hedge funds own 87.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on EVRG shares. Barclays boosted their target price on Evergy from $62.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday. Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH raised shares of Evergy from a "neutral" rating to a "buy" rating and raised their price objective for the company from $59.00 to $68.50 in a research report on Thursday, January 2nd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $66.79.

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Evergy Stock Performance

EVRG stock traded up $0.53 during midday trading on Tuesday, hitting $65.59. 3,241,672 shares of the company traded hands, compared to its average volume of 1,806,352. The business has a 50 day simple moving average of $64.55 and a 200-day simple moving average of $62.54. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a twelve month low of $49.55 and a twelve month high of $69.93. The stock has a market capitalization of $15.09 billion, a price-to-earnings ratio of 17.73, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62.

Evergy (NASDAQ:EVRG - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.35 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 firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. As a group, equities research analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.6675 per share. The ex-dividend date is Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.07%. Evergy's dividend payout ratio (DPR) is presently 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.