Gabelli Funds LLC Has $68.71 Million Stake in Evergy, Inc. (NASDAQ:EVRG)

Gabelli Funds LLC trimmed its position in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,116,307 shares of the company's stock after selling 22,200 shares during the quarter. Gabelli Funds LLC owned 0.49% of Evergy worth $68,709,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. ExodusPoint Capital Management LP boosted its stake in Evergy by 164.8% in the fourth quarter. ExodusPoint Capital Management LP now owns 2,312,953 shares of the company's stock valued at $142,362,000 after buying an additional 1,439,450 shares in the last quarter. SG Americas Securities LLC raised its stake in Evergy by 15,406.4% during the fourth quarter. SG Americas Securities LLC now owns 921,546 shares of the company's stock worth $56,721,000 after acquiring an additional 915,603 shares in the last quarter. Brandes Investment Partners LP bought a new position in shares of Evergy in the fourth quarter worth about $55,652,000. Groupama Asset Managment boosted its stake in shares of Evergy by 3,216.6% in the 4th quarter. Groupama Asset Managment now owns 880,768 shares of the company's stock valued at $54,211,000 after purchasing an additional 854,212 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Evergy during the 4th quarter valued at approximately $32,488,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Evergy Trading Up 1.4 %

Shares of NASDAQ:EVRG traded up $0.94 during trading on Friday, reaching $68.37. The stock had a trading volume of 1,975,930 shares, compared to its average volume of 1,960,689. Evergy, Inc. has a 52 week low of $51.04 and a 52 week high of $70.30. 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 firm's fifty day moving average is $67.18 and its 200 day moving average is $63.94. The stock has a market cap of $15.73 billion, a price-to-earnings ratio of 18.48, a P/E/G ratio of 2.82 and a beta of 0.52.

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

Evergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors 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 dividend on an annualized basis and a dividend yield of 3.91%. Evergy's payout ratio is presently 70.45%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on EVRG shares. Barclays raised their target price on shares of Evergy from $62.00 to $72.00 and gave the company 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 target price on Evergy from $66.00 to $68.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. Finally, Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. One 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 stock. According to MarketBeat.com, Evergy has a consensus rating of "Buy" and a consensus price target 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.