Syon Capital LLC Buys Shares of 4,622 Evergy, Inc. (NYSE:EVRG)

Syon Capital LLC bought a new stake in shares of Evergy, Inc. (NYSE:EVRG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,622 shares of the company’s stock, valued at approximately $241,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CVA Family Office LLC purchased a new stake in shares of Evergy during the 4th quarter valued at $29,000. Hexagon Capital Partners LLC lifted its holdings in shares of Evergy by 222.2% during the 4th quarter. Hexagon Capital Partners LLC now owns 667 shares of the company’s stock valued at $35,000 after purchasing an additional 460 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in Evergy in the 3rd quarter worth $35,000. MV Capital Management Inc. raised its stake in Evergy by 3,263.6% in the 4th quarter. MV Capital Management Inc. now owns 740 shares of the company’s stock worth $39,000 after acquiring an additional 718 shares during the last quarter. Finally, Parkside Financial Bank & Trust raised its stake in Evergy by 105.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 785 shares of the company’s stock worth $41,000 after acquiring an additional 403 shares during the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Price Performance

Shares of EVRG opened at $52.80 on Wednesday. The business’s 50-day moving average is $53.30 and its two-hundred day moving average is $52.08. The company has a market capitalization of $12.14 billion, a P/E ratio of 17.09, a P/E/G ratio of 2.75 and a beta of 0.60. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.32 and a current ratio of 0.57. Evergy, Inc. has a fifty-two week low of $46.92 and a fifty-two week high of $61.84.

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

Evergy Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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.