Orion Portfolio Solutions LLC Increases Stock Position in Evergy, Inc. (NASDAQ:EVRG)

Orion Portfolio Solutions LLC boosted its holdings in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 9.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 46,085 shares of the company's stock after acquiring an additional 3,880 shares during the period. Orion Portfolio Solutions LLC's holdings in Evergy were worth $2,837,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in EVRG. Lee Danner & Bass Inc. acquired a new position in shares of Evergy during the fourth quarter worth about $26,000. National Pension Service bought a new position in shares of Evergy during the 4th quarter worth approximately $30,000. Bank of Jackson Hole Trust bought a new position in shares of Evergy in the fourth quarter valued at about $31,000. Sandy Spring Bank lifted its stake in shares of Evergy by 5,983.3% during the 4th quarter. Sandy Spring Bank now owns 730 shares of the company's stock worth $45,000 after buying an additional 718 shares during the last quarter. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Evergy during the fourth quarter worth approximately $49,000. Institutional investors and hedge funds own 87.24% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Barclays boosted their price objective on shares of Evergy from $62.00 to $72.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. UBS Group increased their price objective 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. Finally, LADENBURG THALM/SH SH raised Evergy to a "strong-buy" rating in a research note on Monday, March 17th. One 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 company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $69.08.

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Evergy Stock Performance

Shares of NASDAQ EVRG traded down $3.03 during midday trading on Friday, reaching $66.18. The company's stock had a trading volume of 4,851,233 shares, compared to its average volume of 1,917,072. The stock has a market capitalization of $15.22 billion, a P/E ratio of 17.89, a PEG ratio of 2.82 and a beta of 0.52. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. The firm has a 50 day moving average price of $66.79 and a 200-day moving average price of $63.58. Evergy, Inc. has a 12-month low of $49.55 and a 12-month high of $70.30.

Evergy (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.11). The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. As a group, equities analysts predict 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 given a $0.6675 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.03%. Evergy's dividend payout ratio (DPR) is presently 70.45%.

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.