ExodusPoint Capital Management LP increased its holdings in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 164.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,312,953 shares of the company's stock after acquiring an additional 1,439,450 shares during the period. Evergy makes up approximately 1.0% of ExodusPoint Capital Management LP's portfolio, making the stock its 7th biggest holding. ExodusPoint Capital Management LP owned 1.01% of Evergy worth $142,362,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Lee Danner & Bass Inc. purchased a new stake in shares of Evergy during the 4th quarter worth approximately $26,000. National Pension Service purchased a new position in shares of Evergy in the fourth quarter valued at $30,000. Bank of Jackson Hole Trust purchased a new stake in shares of Evergy in the 4th quarter worth about $31,000. Sandy Spring Bank boosted its position in shares of Evergy by 5,983.3% in the 4th quarter. Sandy Spring Bank now owns 730 shares of the company's stock worth $45,000 after buying an additional 718 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Evergy in the 4th quarter valued at about $49,000. Hedge funds and other institutional investors own 87.24% of the company's stock.
Wall Street Analyst Weigh In
EVRG has been the topic of several recent research reports. LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a report on Monday, March 17th. Guggenheim upgraded Evergy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Barclays raised their price target on Evergy from $62.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. Finally, UBS Group upped their price objective on Evergy from $66.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. One investment 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 company. Based on data from MarketBeat.com, Evergy currently has a consensus rating of "Buy" and a consensus price target of $69.08.
Read Our Latest Report on Evergy
Evergy Trading Up 3.0 %
EVRG traded up $1.95 on Tuesday, reaching $66.31. 990,063 shares of the company's stock were exchanged, compared to its average volume of 1,921,405. Evergy, Inc. has a twelve month low of $49.55 and a twelve month high of $70.30. The company's 50 day moving average is $66.79 and its 200-day moving average is $63.62. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The company has a market cap of $15.25 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 2.82 and a beta of 0.52.
Evergy (NASDAQ:EVRG - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.11). The business 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%. Equities analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current year.
Evergy Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a $0.6675 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.03%. Evergy's dividend payout ratio (DPR) is currently 70.45%.
Evergy Profile
(
Free Report)
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.
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