UniSuper Management Pty Ltd Raises Stock Holdings in Evergy, Inc. (NASDAQ:EVRG)

UniSuper Management Pty Ltd boosted its position in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 17.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 34,275 shares of the company's stock after acquiring an additional 5,092 shares during the quarter. UniSuper Management Pty Ltd's holdings in Evergy were worth $2,110,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Cerity Partners LLC boosted its stake in shares of Evergy by 32.2% in the 3rd quarter. Cerity Partners LLC now owns 51,912 shares of the company's stock valued at $3,219,000 after purchasing an additional 12,657 shares in the last quarter. FMR LLC lifted its stake in Evergy by 131.4% in the third quarter. FMR LLC now owns 2,004,414 shares of the company's stock worth $124,294,000 after purchasing an additional 1,138,138 shares during the last quarter. CreativeOne Wealth LLC boosted its position in Evergy by 12.3% during the third quarter. CreativeOne Wealth LLC now owns 11,925 shares of the company's stock valued at $740,000 after buying an additional 1,304 shares during the period. Public Sector Pension Investment Board grew its stake in shares of Evergy by 2.8% during the third quarter. Public Sector Pension Investment Board now owns 40,137 shares of the company's stock valued at $2,489,000 after buying an additional 1,100 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Evergy by 1.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 990,173 shares of the company's stock worth $61,401,000 after buying an additional 16,056 shares during the period. Hedge funds and other institutional investors own 87.24% of the company's stock.

Remove Ads

Evergy Trading Down 4.4 %

Shares of EVRG stock traded down $3.03 during trading hours on Friday, reaching $66.18. The company's stock had a trading volume of 4,851,233 shares, compared to its average volume of 1,917,564. 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, Inc. has a one year low of $49.55 and a one year high of $70.30. The stock has a market capitalization of $15.22 billion, a P/E ratio of 17.89, a P/E/G ratio of 2.82 and a beta of 0.52. The firm's fifty day simple moving average is $66.79 and its 200 day simple moving average is $63.57.

Evergy (NASDAQ:EVRG - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.11). Evergy had a net margin of 14.77% and a return on equity of 8.77%. The company had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.24 billion. Equities research analysts expect that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a $0.6675 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.67 annualized dividend and a yield of 4.03%. Evergy's dividend payout ratio (DPR) is presently 70.45%.

Analyst Ratings Changes

EVRG has been the subject of several analyst reports. LADENBURG THALM/SH SH upgraded 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. Barclays raised their target price on shares of Evergy from $62.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday, March 7th. Finally, UBS Group upped their price target on shares of Evergy from $66.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, March 21st. 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus price target of $69.08.

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.