F M Investments LLC Makes New $1.40 Million Investment in Evergy, Inc. (NASDAQ:EVRG)

F M Investments LLC bought a new position in Evergy, Inc. (NASDAQ:EVRG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 22,700 shares of the company's stock, valued at approximately $1,397,000.

A number of other hedge funds have also made changes to their positions in EVRG. Lee Danner & Bass Inc. acquired a new position in shares of Evergy during the fourth quarter worth approximately $26,000. National Pension Service acquired a new position in shares of Evergy during the fourth quarter valued at $30,000. Bank of Jackson Hole Trust bought a new position in Evergy in the fourth quarter valued at about $31,000. Sandy Spring Bank lifted its position in Evergy by 5,983.3% during the 4th quarter. Sandy Spring Bank now owns 730 shares of the company's stock valued at $45,000 after purchasing an additional 718 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Evergy during the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 87.24% of the company's stock.

Evergy Stock Performance

NASDAQ:EVRG traded up $1.55 during mid-day trading on Thursday, reaching $68.98. 802,629 shares of the company's stock were exchanged, compared to its average volume of 1,952,442. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. Evergy, Inc. has a one year low of $49.70 and a one year high of $70.30. The business's fifty day simple moving average is $67.09 and its two-hundred day simple moving average is $63.85. The firm has a market capitalization of $15.87 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 2.82 and a beta of 0.52.

Evergy (NASDAQ:EVRG - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.35 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 company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. Analysts anticipate that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend was Monday, March 10th. Evergy's payout ratio is presently 70.45%.

Wall Street Analyst Weigh In

EVRG has been the subject of a number of analyst reports. Guggenheim upgraded shares of Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Barclays boosted their price objective on Evergy from $62.00 to $72.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. UBS Group increased their price objective on shares of Evergy from $66.00 to $68.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. Finally, LADENBURG THALM/SH SH raised Evergy to a "strong-buy" rating in a research report on Monday, March 17th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Evergy has an average rating of "Buy" and an average target price 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.