QRG Capital Management Inc. Purchases 3,947 Shares of Evergy, Inc. (NASDAQ:EVRG)

QRG Capital Management Inc. lifted its position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 6.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,798 shares of the company's stock after purchasing an additional 3,947 shares during the quarter. QRG Capital Management Inc.'s holdings in Evergy were worth $3,804,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Mizuho Securities USA LLC lifted its stake in Evergy by 7,234.3% during the third quarter. Mizuho Securities USA LLC now owns 1,300,000 shares of the company's stock worth $80,613,000 after purchasing an additional 1,282,275 shares during the period. FMR LLC lifted its position in shares of Evergy by 131.4% during the 3rd quarter. FMR LLC now owns 2,004,414 shares of the company's stock worth $124,294,000 after buying an additional 1,138,138 shares during the period. SG Americas Securities LLC boosted its stake in Evergy by 15,406.4% in the 4th quarter. SG Americas Securities LLC now owns 921,546 shares of the company's stock valued at $56,721,000 after buying an additional 915,603 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Evergy by 42.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,135,011 shares of the company's stock valued at $132,392,000 after acquiring an additional 634,735 shares during the period. Finally, Point72 Asset Management L.P. raised its stake in Evergy by 25.8% during the third quarter. Point72 Asset Management L.P. now owns 2,848,735 shares of the company's stock worth $176,650,000 after acquiring an additional 583,923 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on EVRG shares. LADENBURG THALM/SH SH upgraded shares of Evergy from a "neutral" rating to a "buy" rating and boosted their target price for the company from $59.00 to $68.50 in a research note on Thursday, January 2nd. Barclays decreased their price objective on shares of Evergy from $65.00 to $62.00 and set an "overweight" rating on the stock in a research note on Monday, January 27th. Finally, Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Evergy presently has an average rating of "Moderate Buy" and a consensus price target of $65.36.

Evergy Price Performance

Shares of Evergy stock traded down $0.73 during midday trading on Wednesday, reaching $66.97. The company had a trading volume of 2,593,751 shares, compared to its average volume of 1,798,363. The stock has a fifty day simple moving average of $64.29 and a 200 day simple moving average of $62.38. Evergy, Inc. has a 1-year low of $49.55 and a 1-year high of $69.93. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $15.40 billion, a price-to-earnings ratio of 18.10, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62.

Evergy (NASDAQ:EVRG - Get Free Report) last released its earnings results 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 firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate 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 firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is 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.