Korea Investment CORP Has $14.87 Million Stake in Evergy, Inc. (NASDAQ:EVRG)

Korea Investment CORP raised its position in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 24.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 241,657 shares of the company's stock after acquiring an additional 47,500 shares during the quarter. Korea Investment CORP owned approximately 0.11% of Evergy worth $14,874,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of EVRG. HighTower Advisors LLC raised its stake in Evergy by 391.1% in the 3rd quarter. HighTower Advisors LLC now owns 97,186 shares of the company's stock valued at $6,030,000 after acquiring an additional 77,398 shares during the period. Allworth Financial LP raised its position 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. acquired a new stake in shares of Evergy during the 4th quarter worth about $49,000. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Evergy by 23.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 10,692 shares of the company's stock worth $658,000 after buying an additional 2,004 shares during the period. Finally, SG Americas Securities LLC grew its stake in Evergy by 15,406.4% in the 4th quarter. SG Americas Securities LLC now owns 921,546 shares of the company's stock valued at $56,721,000 after buying an additional 915,603 shares during the last quarter. Institutional investors own 87.24% of the company's stock.

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Evergy Price Performance

NASDAQ:EVRG traded down $3.03 during trading hours on Friday, reaching $66.18. 4,851,233 shares of the company were exchanged, compared to its average volume of 1,917,564. The business has a 50 day moving average of $66.79 and a 200 day moving average of $63.57. 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 company has a market capitalization of $15.22 billion, a P/E ratio of 17.89, a P/E/G ratio of 2.82 and a beta of 0.52.

Evergy (NASDAQ:EVRG - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share 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 for the quarter, compared to the consensus estimate of $1.24 billion. Research analysts forecast that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a dividend of $0.6675 per share. The ex-dividend date was Monday, March 10th. This represents a $2.67 annualized dividend and a yield of 4.03%. Evergy's dividend payout ratio is currently 70.45%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Barclays raised their price objective 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 raised Evergy to a "strong-buy" rating in a report on Monday, March 17th. UBS Group upped their price objective on Evergy from $66.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, March 21st. Finally, Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Evergy currently has a consensus rating of "Buy" and a consensus target price of $69.08.

Evergy Company 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.