Greenland Capital Management LP Raises Stock Holdings in Evergy, Inc. (NASDAQ:EVRG)

Greenland Capital Management LP increased its stake in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 672.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 183,539 shares of the company's stock after acquiring an additional 159,779 shares during the period. Evergy comprises approximately 1.8% of Greenland Capital Management LP's investment portfolio, making the stock its 7th largest holding. Greenland Capital Management LP owned 0.08% of Evergy worth $11,297,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. HighTower Advisors LLC raised its stake in shares of Evergy by 391.1% during 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 in the last quarter. Allworth Financial LP raised its position in Evergy by 84.6% during the fourth quarter. Allworth Financial LP now owns 7,975 shares of the company's stock worth $501,000 after acquiring an additional 3,654 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Evergy in the fourth quarter valued at $49,000. Hennion & Walsh Asset Management Inc. lifted its stake in Evergy by 23.1% in the fourth 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 last quarter. Finally, SG Americas Securities LLC grew its position in shares of 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 acquiring an additional 915,603 shares during the period. 87.24% of the stock is owned by institutional investors and hedge funds.

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Evergy Stock Performance

EVRG traded up $1.04 during trading on Friday, hitting $66.52. The stock had a trading volume of 2,545,058 shares, compared to its average volume of 1,949,782. 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 50 day moving average price of $66.94 and a 200-day moving average price of $63.75. Evergy, Inc. has a one year low of $49.55 and a one year high of $70.30. The firm has a market cap of $15.30 billion, a price-to-earnings ratio of 17.98, a P/E/G ratio of 2.82 and a beta of 0.52.

Evergy (NASDAQ:EVRG - Get Free Report) last announced 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). Evergy had a net margin of 14.77% and a return on equity of 8.77%. The business had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. As a group, research analysts predict that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a dividend of $0.6675 per share. The ex-dividend date was Monday, March 10th. This represents a $2.67 annualized dividend and a dividend yield of 4.01%. Evergy's dividend payout ratio is presently 70.45%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on EVRG shares. LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a research note on Monday, March 17th. UBS Group lifted their target price on Evergy from $66.00 to $68.00 and gave the stock a "neutral" rating in a research note on Friday, March 21st. Barclays increased their price target on Evergy from $62.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. Finally, Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a research 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 assigned a strong buy rating to the company. According to MarketBeat, Evergy has a consensus rating of "Buy" and an average price target of $69.08.

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.