Evergy, Inc. (NASDAQ:EVRG) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 7.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 360,846 shares of the company's stock after purchasing an additional 25,127 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.16% of Evergy worth $22,210,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of EVRG. Vanguard Group Inc. grew its position in shares of Evergy by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 30,665,885 shares of the company's stock valued at $1,887,485,000 after buying an additional 221,086 shares during the last quarter. Franklin Resources Inc. boosted its stake in Evergy by 5.5% in the third quarter. Franklin Resources Inc. now owns 5,532,719 shares of the company's stock valued at $330,469,000 after acquiring an additional 288,619 shares during the period. American Century Companies Inc. grew its holdings in shares of Evergy by 3.8% during 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 during the last quarter. Bank of New York Mellon Corp raised its position 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 worth $189,906,000 after purchasing an additional 256,978 shares during the period. Finally, Point72 Asset Management L.P. raised its position in shares of Evergy by 25.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,848,735 shares of the company's stock worth $176,650,000 after purchasing an additional 583,923 shares during the period. 87.24% of the stock is owned by institutional investors and hedge funds.

Evergy Stock Performance

Shares of NASDAQ EVRG traded down $3.03 during midday trading on Friday, reaching $66.18. 4,851,233 shares of the company traded hands, compared to its average volume of 1,917,564. The company has a market cap of $15.22 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 2.82 and a beta of 0.52. The stock has a 50-day moving average price of $66.79 and a 200 day moving average price of $63.57. Evergy, Inc. has a 52 week low of $49.55 and a 52 week 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 released 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 company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. Sell-side analysts anticipate that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend was Monday, March 10th. Evergy's payout ratio is currently 70.45%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on EVRG shares. UBS Group upped their price objective 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 report on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a research report on Monday, March 17th. Finally, Barclays upped their target price on shares of Evergy from $62.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. 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 stock. According to data from MarketBeat, Evergy currently has an average rating of "Buy" and a consensus price target of $69.08.

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.