Hartree Partners LP Makes New $1.48 Million Investment in Evergy, Inc. (NASDAQ:EVRG)

Hartree Partners LP acquired a new position in Evergy, Inc. (NASDAQ:EVRG - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 24,000 shares of the company's stock, valued at approximately $1,477,000.

Other large investors have also modified their holdings of the company. Lee Danner & Bass Inc. purchased a new position in Evergy in the fourth quarter valued at $26,000. National Pension Service acquired a new position in shares of Evergy during the fourth quarter worth about $30,000. Bank of Jackson Hole Trust purchased a new stake in shares of Evergy during the fourth quarter worth approximately $31,000. Sandy Spring Bank raised its holdings in Evergy by 5,983.3% in the fourth quarter. Sandy Spring Bank now owns 730 shares of the company's stock valued at $45,000 after acquiring an additional 718 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Evergy in the fourth quarter worth approximately $49,000. Institutional investors and hedge funds own 87.24% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. UBS Group upped their price target on shares of Evergy from $66.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Barclays increased their price target on shares of Evergy from $62.00 to $72.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. Finally, LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a research note on Monday, March 17th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $69.08.

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Evergy Stock Performance

NASDAQ:EVRG traded up $0.07 during mid-day trading on Thursday, reaching $69.50. The stock had a trading volume of 714,743 shares, compared to its average volume of 1,900,268. The business has a 50 day simple moving average of $66.61 and a 200 day simple moving average of $63.50. Evergy, Inc. has a twelve month low of $49.55 and a twelve month high of $70.30. The firm has a market capitalization of $15.99 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 2.82 and a beta of 0.62. 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 (NASDAQ:EVRG - Get Free Report) last released its quarterly earnings data 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 return on equity of 8.77% and a net margin of 14.77%. The company had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.24 billion. On average, analysts expect that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a $0.6675 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.67 annualized dividend and a dividend yield of 3.84%. Evergy's dividend payout ratio is currently 70.45%.

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.