Evergy, Inc. (NASDAQ:EVRG) Shares Bought by National Bank of Canada FI

National Bank of Canada FI boosted its holdings in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 24.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 339,685 shares of the company's stock after buying an additional 67,556 shares during the period. National Bank of Canada FI owned 0.15% of Evergy worth $20,908,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Miller Howard Investments Inc. NY grew its position in Evergy by 1.4% in the fourth quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company's stock worth $723,000 after acquiring an additional 162 shares in the last quarter. Quent Capital LLC lifted its holdings in Evergy by 4.6% during the 4th quarter. Quent Capital LLC now owns 3,692 shares of the company's stock valued at $227,000 after buying an additional 163 shares in the last quarter. Sunbelt Securities Inc. grew its stake in Evergy by 2.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company's stock worth $482,000 after acquiring an additional 168 shares in the last quarter. Mather Group LLC. raised its stake in shares of Evergy by 5.7% during the fourth quarter. Mather Group LLC. now owns 3,231 shares of the company's stock valued at $199,000 after acquiring an additional 173 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC grew its stake in Evergy by 2.5% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 7,322 shares of the company's stock worth $451,000 after purchasing an additional 182 shares in the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

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Evergy Stock Performance

Shares of EVRG traded up $1.89 during mid-day trading on Tuesday, reaching $66.25. The company had a trading volume of 924,524 shares, compared to its average volume of 1,921,114. The stock has a market capitalization of $15.24 billion, a P/E ratio of 17.92, a PEG ratio of 2.82 and a beta of 0.52. Evergy, Inc. has a 52-week low of $49.55 and a 52-week high of $70.30. The stock has a 50 day moving average of $66.79 and a two-hundred day moving average of $63.62. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15.

Evergy (NASDAQ:EVRG - Get Free Report) last posted 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 net margin of 14.77% and a return on equity of 8.77%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. On average, analysts expect that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Announces Dividend

The firm 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. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.67 annualized dividend and a yield of 4.03%. Evergy's dividend payout ratio is presently 70.45%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EVRG. UBS Group increased their price target on Evergy from $66.00 to $68.00 and gave the stock a "neutral" rating in a research report on Friday, March 21st. LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a research report on Monday, March 17th. Barclays boosted their price objective 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, Guggenheim upgraded 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 given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Evergy currently has a consensus rating of "Buy" and a consensus target price of $69.08.

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.