Potomac Fund Management Inc. ADV Buys Shares of 7,208 Evergy, Inc. (NASDAQ:EVRG)

Potomac Fund Management Inc. ADV acquired a new stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 7,208 shares of the company's stock, valued at approximately $444,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of EVRG. Lee Danner & Bass Inc. acquired a new position in Evergy during the 4th quarter worth $26,000. National Pension Service acquired a new position in shares of Evergy during the fourth quarter valued at $30,000. Bank of Jackson Hole Trust bought a new position in Evergy in the fourth quarter valued at about $31,000. Sandy Spring Bank increased its position 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 Evergy in the fourth quarter worth about $49,000. Institutional investors and hedge funds own 87.24% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on EVRG shares. Barclays raised their target price on shares of Evergy from $62.00 to $72.00 and gave the company an "overweight" rating in a research note on Friday, March 7th. UBS Group lifted their target price on shares of Evergy from $66.00 to $68.00 and gave the stock a "neutral" rating in a report on Friday, March 21st. LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a research report on Monday, March 17th. Finally, Guggenheim upgraded Evergy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $69.08.

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Evergy Trading Down 4.4 %

EVRG stock traded down $3.03 during midday trading on Friday, hitting $66.18. 4,851,233 shares of the company's stock were exchanged, compared to its average volume of 1,917,072. Evergy, Inc. has a one year low of $49.55 and a one year high of $70.30. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The company has a market cap of $15.22 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 2.82 and a beta of 0.52. The stock's fifty day moving average price is $66.79 and its 200-day moving average price is $63.58.

Evergy (NASDAQ:EVRG - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share 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 business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. Research analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.03%. The ex-dividend date was Monday, March 10th. Evergy's dividend payout ratio is 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.