Goldman Sachs Group Inc. Acquires 134,375 Shares of Evergy, Inc. (NYSE:EVRG)

Goldman Sachs Group Inc. boosted its holdings in Evergy, Inc. (NYSE:EVRG) by 14.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,083,875 shares of the company’s stock after buying an additional 134,375 shares during the quarter. Goldman Sachs Group Inc. owned 0.47% of Evergy worth $56,578,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Syon Capital LLC purchased a new position in shares of Evergy during the fourth quarter valued at approximately $241,000. Virtu Financial LLC bought a new stake in Evergy in the 4th quarter worth approximately $459,000. Novak & Powell Financial Services Inc. purchased a new stake in Evergy during the 4th quarter valued at $371,000. Point72 Asset Management L.P. lifted its holdings in shares of Evergy by 1,038.7% during the 4th quarter. Point72 Asset Management L.P. now owns 3,612,200 shares of the company’s stock valued at $188,557,000 after buying an additional 3,294,967 shares during the period. Finally, Redwood Investment Management LLC boosted its stake in shares of Evergy by 7.2% in the 4th quarter. Redwood Investment Management LLC now owns 37,258 shares of the company’s stock worth $1,945,000 after buying an additional 2,503 shares during the last quarter. Institutional investors own 87.24% of the company’s stock.

Evergy Trading Up 0.3 %

Evergy stock opened at $52.80 on Wednesday. Evergy, Inc. has a 12-month low of $46.92 and a 12-month high of $61.84. The firm has a market capitalization of $12.14 billion, a price-to-earnings ratio of 17.09, a P/E/G ratio of 2.75 and a beta of 0.60. The firm has a 50 day moving average of $53.30 and a 200 day moving average of $52.08. The company has a current ratio of 0.57, a quick ratio of 0.32 and a debt-to-equity ratio of 1.21.

Evergy (NYSE:EVRG) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.07). The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.35 billion. Evergy had a return on equity of 8.32% and a net margin of 12.84%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.59 earnings per share. As a group, research analysts predict that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, May 20th will be issued a dividend of $0.6425 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $2.57 dividend on an annualized basis and a yield of 4.87%. Evergy’s dividend payout ratio is presently 83.17%.

Analysts Set New Price Targets

A number of research firms recently commented on EVRG. LADENBURG THALM/SH SH assumed coverage on Evergy in a research report on Thursday, April 4th. They set a “neutral” rating and a $51.00 price objective for the company. Bank of America raised shares of Evergy from a “neutral” rating to a “buy” rating and upped their price target for the company from $51.00 to $57.00 in a research report on Wednesday, March 13th. Citigroup assumed coverage on shares of Evergy in a report on Tuesday, March 26th. They issued a “buy” rating and a $64.00 price objective on the stock. Barclays upped their target price on shares of Evergy from $56.00 to $61.00 and gave the company an “overweight” rating in a report on Tuesday, May 14th. Finally, Wells Fargo & Company lifted their price target on shares of Evergy from $57.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.83.

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.