Evergy, Inc. (NASDAQ:EVRG) Stake Raised by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lifted its position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 130,504 shares of the company's stock after acquiring an additional 3,856 shares during the period. Mutual of America Capital Management LLC owned about 0.06% of Evergy worth $8,033,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Miller Howard Investments Inc. NY grew its stake in Evergy by 1.4% during the 4th quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company's stock worth $723,000 after buying an additional 162 shares during the last quarter. Quent Capital LLC grew its stake in shares of Evergy by 4.6% in the fourth quarter. Quent Capital LLC now owns 3,692 shares of the company's stock worth $227,000 after purchasing an additional 163 shares in the last quarter. Sunbelt Securities Inc. grew its stake in shares of Evergy by 2.2% in the third quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company's stock worth $482,000 after purchasing an additional 168 shares in the last quarter. Empirical Finance LLC grew its stake in shares of Evergy by 2.3% in the third quarter. Empirical Finance LLC now owns 7,751 shares of the company's stock worth $481,000 after purchasing an additional 171 shares in the last quarter. Finally, Mather Group LLC. grew its stake in shares of Evergy by 5.7% in the fourth quarter. Mather Group LLC. now owns 3,231 shares of the company's stock worth $199,000 after purchasing an additional 173 shares in the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. LADENBURG THALM/SH SH raised Evergy from a "neutral" rating to a "buy" rating and increased their price target for the stock from $59.00 to $68.50 in a research note on Thursday, January 2nd. Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, Barclays decreased their price target on Evergy from $65.00 to $62.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $65.36.

Evergy Price Performance

EVRG stock traded down $1.08 during trading hours on Thursday, hitting $65.89. 1,148,535 shares of the stock traded hands, compared to its average volume of 1,943,842. The stock has a 50-day simple moving average of $64.29 and a 200 day simple moving average of $62.38. Evergy, Inc. has a one year low of $49.55 and a one year high of $69.93. The company has a market cap of $15.15 billion, a P/E ratio of 17.81, a P/E/G ratio of 2.82 and a beta of 0.62. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.

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 the consensus estimate of $0.46 by ($0.11). Evergy had a net margin of 14.77% and a return on equity of 8.77%. The company had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.24 billion. Equities analysts forecast that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.05%. The ex-dividend date is Monday, March 10th. Evergy's dividend 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.