Evergy, Inc. (NASDAQ:EVRG) Shares Purchased by Natixis

Natixis raised its holdings in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 334.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 363,652 shares of the company's stock after acquiring an additional 279,988 shares during the period. Natixis owned approximately 0.16% of Evergy worth $22,383,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Allworth Financial LP lifted its position in Evergy by 84.6% during the fourth quarter. Allworth Financial LP now owns 7,975 shares of the company's stock worth $501,000 after buying an additional 3,654 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Evergy during the 4th quarter valued at about $49,000. Hennion & Walsh Asset Management Inc. boosted its position in shares of Evergy by 23.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 10,692 shares of the company's stock valued at $658,000 after acquiring an additional 2,004 shares during the last quarter. SG Americas Securities LLC increased its position in Evergy by 15,406.4% during the fourth quarter. SG Americas Securities LLC now owns 921,546 shares of the company's stock worth $56,721,000 after purchasing an additional 915,603 shares during the last quarter. Finally, Kingsview Wealth Management LLC purchased a new position in Evergy during the fourth quarter worth about $214,000. 87.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. UBS Group increased their price target on shares of Evergy from $66.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. LADENBURG THALM/SH SH upgraded Evergy to a "strong-buy" rating in a research report on Monday, March 17th. Barclays increased their price target on Evergy from $72.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Evergy has a consensus rating of "Buy" and a consensus target price of $69.25.

Evergy Trading Up 0.3 %

NASDAQ EVRG traded up $0.23 during trading on Thursday, hitting $68.34. The stock had a trading volume of 690,866 shares, compared to its average volume of 1,953,062. The company has a market capitalization of $15.72 billion, a PE ratio of 18.47, a PEG ratio of 2.82 and a beta of 0.52. Evergy, Inc. has a twelve month low of $51.49 and a twelve month high of $70.30. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The firm has a 50 day moving average price of $67.25 and a 200 day moving average price of $64.08.

Evergy (NASDAQ:EVRG - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share 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 analysts' expectations of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. As a group, equities research analysts forecast that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Announces Dividend

The company also recently announced 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 was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.91%. Evergy's 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.