9,214 Shares in Evergy, Inc. (NASDAQ:EVRG) Bought by Townsquare Capital LLC

Townsquare Capital LLC purchased a new position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 9,214 shares of the company's stock, valued at approximately $567,000.

Several other hedge funds also recently modified their holdings of the business. Miller Howard Investments Inc. NY boosted its stake in Evergy by 1.4% in the fourth quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company's stock worth $723,000 after purchasing an additional 162 shares in the last quarter. Quent Capital LLC raised its holdings in shares of Evergy by 4.6% in the fourth quarter. Quent Capital LLC now owns 3,692 shares of the company's stock valued at $227,000 after buying an additional 163 shares during the last quarter. Mather Group LLC. lifted its position in Evergy by 5.7% during the 4th quarter. Mather Group LLC. now owns 3,231 shares of the company's stock worth $199,000 after buying an additional 173 shares in the last quarter. Wealthcare Advisory Partners LLC grew its holdings in Evergy by 2.5% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 7,322 shares of the company's stock worth $451,000 after acquiring an additional 182 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its holdings in Evergy by 5.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,873 shares of the company's stock worth $238,000 after acquiring an additional 190 shares during the last quarter. 87.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EVRG. Barclays upped their target price on shares of Evergy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday. LADENBURG THALM/SH SH raised Evergy to a "strong-buy" rating in a report on Monday, March 17th. Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, UBS Group upped their price target on Evergy from $66.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Evergy has an average rating of "Buy" and a consensus price target of $69.25.

Evergy Trading Down 0.5 %

Shares of Evergy stock traded down $0.36 on Friday, hitting $67.93. 364,600 shares of the company's stock traded hands, compared to its average volume of 1,948,975. Evergy, Inc. has a one year low of $51.69 and a one year high of $70.30. 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 stock has a market capitalization of $15.62 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 2.82 and a beta of 0.52. The firm's 50-day moving average price is $67.28 and its two-hundred day moving average price is $64.14.

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 the consensus estimate of $0.46 by ($0.11). The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. On average, research analysts expect that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Dividend Announcement

The company also recently declared 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 of this dividend was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.93%. 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.