Raymond James Financial Inc. Makes New Investment in Evergy, Inc. (NASDAQ:EVRG)

Raymond James Financial Inc. bought a new stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 527,837 shares of the company's stock, valued at approximately $32,488,000. Raymond James Financial Inc. owned about 0.23% of Evergy as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Lee Danner & Bass Inc. acquired a new stake in shares of Evergy in the fourth quarter valued at approximately $26,000. National Pension Service acquired a new position in shares of Evergy in the 4th quarter valued at $30,000. Bank of Jackson Hole Trust purchased a new stake in Evergy in the 4th quarter valued at $31,000. Sandy Spring Bank boosted its stake in 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 purchasing an additional 718 shares during the period. Finally, SBI Securities Co. Ltd. purchased a new position in Evergy during the 4th quarter worth $49,000. 87.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EVRG has been the subject of a number of research reports. Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. UBS Group upped their price objective on 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 note on Monday, March 17th. Finally, Barclays upped their price target on Evergy from $62.00 to $72.00 and gave the stock an "overweight" rating in a research note on Friday, March 7th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $69.08.

Evergy Stock Performance

NASDAQ EVRG opened at $67.43 on Thursday. The stock has a market capitalization of $15.51 billion, a price-to-earnings ratio of 18.22, a PEG ratio of 2.82 and a beta of 0.52. The business's 50 day moving average is $67.09 and its two-hundred day moving average is $63.85. Evergy, Inc. has a 12-month low of $49.70 and a 12-month high of $70.30. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.

Evergy (NASDAQ:EVRG - Get Free Report) last announced 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). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Research analysts expect that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a $0.6675 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.96%. Evergy's dividend payout ratio is presently 70.45%.

Evergy 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.

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