New Age Alpha Advisors LLC Has $3.79 Million Stake in Evergy, Inc. (NASDAQ:EVRG)

New Age Alpha Advisors LLC lifted its holdings in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 23,160.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 61,641 shares of the company's stock after acquiring an additional 61,376 shares during the quarter. New Age Alpha Advisors LLC's holdings in Evergy were worth $3,794,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of EVRG. Lee Danner & Bass Inc. bought a new stake in shares of Evergy in the 4th quarter worth about $26,000. National Pension Service bought a new stake in shares of Evergy during the fourth quarter valued at approximately $30,000. Bank of Jackson Hole Trust acquired a new position in Evergy during the 4th quarter worth $31,000. Sandy Spring Bank lifted its holdings in Evergy by 5,983.3% in the fourth quarter. Sandy Spring Bank now owns 730 shares of the company's stock worth $45,000 after purchasing an additional 718 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Evergy in the 4th quarter worth approximately $49,000. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. UBS Group raised their target price on Evergy from $66.00 to $68.00 and gave the company 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 research note on Thursday, January 23rd. Barclays upped their target price on Evergy from $62.00 to $72.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Finally, LADENBURG THALM/SH SH raised Evergy to a "strong-buy" rating in a research report on Monday, March 17th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Evergy presently has a consensus rating of "Buy" and an average price target of $69.08.

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Evergy Stock Performance

Shares of EVRG stock traded up $0.05 during trading hours on Wednesday, reaching $69.06. 334,813 shares of the company's stock were exchanged, compared to its average volume of 1,901,883. The stock has a market capitalization of $15.88 billion, a P/E ratio of 18.66, a P/E/G ratio of 2.82 and a beta of 0.62. Evergy, Inc. has a fifty-two week low of $49.55 and a fifty-two week high of $69.93. The business has a fifty day moving average price of $66.48 and a 200-day moving average price of $63.46. 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 quarterly 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 firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. Analysts predict that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The firm 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 3.87%. The ex-dividend date of this dividend was Monday, March 10th. Evergy's dividend payout ratio is 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.