Geode Capital Management LLC Buys 133,641 Shares of Evergy, Inc. (NASDAQ:EVRG)

Geode Capital Management LLC increased its holdings in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,637,257 shares of the company's stock after acquiring an additional 133,641 shares during the period. Geode Capital Management LLC owned about 2.45% of Evergy worth $346,063,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a research note on Monday, March 17th. 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, 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. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $69.08.

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Evergy Trading Down 0.7 %

Shares of Evergy stock traded down $0.43 during trading hours on Thursday, hitting $64.74. The company's stock had a trading volume of 693,728 shares, compared to its average volume of 1,939,081. Evergy, Inc. has a 12 month low of $49.55 and a 12 month 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 $14.89 billion, a PE ratio of 17.51, a price-to-earnings-growth ratio of 2.82 and a beta of 0.52. The stock has a 50 day moving average of $66.88 and a 200 day moving average of $63.68.

Evergy (NASDAQ:EVRG - Get Free Report) last released its quarterly earnings results 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). The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. Analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend was Monday, March 10th. Evergy's payout ratio is 70.45%.

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.