Groupama Asset Managment Buys 854,212 Shares of Evergy, Inc. (NASDAQ:EVRG)

Groupama Asset Managment increased its stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 3,216.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 880,768 shares of the company's stock after purchasing an additional 854,212 shares during the quarter. Groupama Asset Managment owned approximately 0.38% of Evergy worth $54,211,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in EVRG. Vanguard Group Inc. boosted its holdings in Evergy by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 30,665,885 shares of the company's stock worth $1,887,485,000 after buying an additional 221,086 shares during the period. Franklin Resources Inc. lifted its position in shares of Evergy by 2.3% during the fourth quarter. Franklin Resources Inc. now owns 5,660,930 shares of the company's stock worth $348,430,000 after acquiring an additional 128,211 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Evergy by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 5,637,257 shares of the company's stock worth $346,063,000 after acquiring an additional 133,641 shares during the period. American Century Companies Inc. grew its position in shares of Evergy by 3.8% in the fourth quarter. American Century Companies Inc. now owns 3,555,122 shares of the company's stock valued at $218,818,000 after purchasing an additional 130,804 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Evergy by 9.1% during the 4th quarter. Bank of New York Mellon Corp now owns 3,085,401 shares of the company's stock valued at $189,906,000 after purchasing an additional 256,978 shares during the period. 87.24% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

EVRG has been the subject of several analyst reports. UBS Group raised 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. Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Barclays upped their target price on shares of Evergy from $62.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Finally, LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a report on Monday, March 17th. 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 stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $69.08.

Evergy Price Performance

EVRG stock traded down $3.03 during midday trading on Friday, reaching $66.18. The company had a trading volume of 4,851,233 shares, compared to its average volume of 1,917,072. The firm has a 50-day moving average price of $66.79 and a 200-day moving average price of $63.58. The company has a market capitalization of $15.22 billion, a P/E ratio of 17.89, a P/E/G ratio of 2.82 and a beta of 0.52. Evergy, Inc. has a 1 year low of $49.55 and a 1 year 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.

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 the consensus estimate of $0.46 by ($0.11). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The company had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.24 billion. On average, research analysts anticipate that Evergy, Inc. will post 3.83 earnings per share for the current fiscal 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 4.03%. The ex-dividend date of this dividend was Monday, March 10th. Evergy's dividend payout ratio is currently 70.45%.

About Evergy

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.