IHT Wealth Management LLC Boosts Holdings in Evergy, Inc. (NASDAQ:EVRG)

IHT Wealth Management LLC raised its stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 307.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,276 shares of the company's stock after purchasing an additional 30,402 shares during the period. IHT Wealth Management LLC's holdings in Evergy were worth $2,479,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EVRG. Vanguard Group Inc. grew its position in Evergy by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 30,665,885 shares of the company's stock worth $1,887,485,000 after purchasing an additional 221,086 shares during the last quarter. Franklin Resources Inc. grew its holdings 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 buying an additional 128,211 shares during the last quarter. Geode Capital Management LLC increased its position in Evergy by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 5,637,257 shares of the company's stock valued at $346,063,000 after acquiring an additional 133,641 shares during the period. American Century Companies Inc. increased its position in Evergy by 3.8% in the 4th quarter. American Century Companies Inc. now owns 3,555,122 shares of the company's stock valued at $218,818,000 after acquiring an additional 130,804 shares during the period. Finally, Federated Hermes Inc. raised its stake in Evergy by 2.2% during the 4th quarter. Federated Hermes Inc. now owns 3,434,216 shares of the company's stock valued at $211,376,000 after acquiring an additional 73,066 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Barclays boosted their target price on Evergy from $72.00 to $73.00 and gave the company an "overweight" rating in a report on Tuesday. LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a report on Monday, March 17th. UBS Group raised their price objective 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. Finally, Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. One 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's stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average price target of $69.25.

Evergy Price Performance

Shares of NASDAQ EVRG traded down $0.40 on Friday, hitting $67.88. The company's stock had a trading volume of 1,972,293 shares, compared to its average volume of 1,956,243. 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 stock has a 50 day moving average of $67.30 and a 200-day moving average of $64.20. Evergy, Inc. has a 12-month low of $51.69 and a 12-month high of $70.30. The company has a market capitalization of $15.61 billion, a price-to-earnings ratio of 18.35, a price-to-earnings-growth ratio of 2.82 and a beta of 0.52.

Evergy (NASDAQ:EVRG - Get Free Report) last announced its 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 company had revenue of $1.26 billion for 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%. As a group, research analysts predict that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 3.93%. 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.