32,615 Shares in Evergy, Inc. (NASDAQ:EVRG) Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new stake in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 32,615 shares of the company's stock, valued at approximately $2,007,000.

Other institutional investors have also added to or reduced their stakes in the company. National Pension Service acquired a new stake in shares of Evergy during the fourth quarter valued at about $30,000. Bank of Jackson Hole Trust acquired a new stake in Evergy during the 4th quarter worth approximately $31,000. Truvestments Capital LLC bought a new stake in Evergy during the 3rd quarter worth approximately $32,000. Sandy Spring Bank increased its position in Evergy by 5,983.3% in the 4th quarter. Sandy Spring Bank now owns 730 shares of the company's stock valued at $45,000 after acquiring an additional 718 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Evergy during the fourth quarter worth $49,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Evergy Trading Up 1.6 %

EVRG stock traded up $1.08 during mid-day trading on Monday, reaching $68.95. The company's stock had a trading volume of 2,530,210 shares, compared to its average volume of 1,906,932. Evergy, Inc. has a 12 month low of $49.55 and a 12 month 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 business's 50 day moving average price is $66.37 and its 200 day moving average price is $63.40. The company has a market cap of $15.86 billion, a price-to-earnings ratio of 18.64, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62.

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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). The company 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%. On average, equities research analysts predict that Evergy, Inc. will post 3.83 EPS for the current 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. The ex-dividend date was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.87%. Evergy's dividend payout ratio (DPR) is presently 70.45%.

Wall Street Analysts Forecast Growth

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

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.