Private Advisor Group LLC Increases Stock Position in Evergy, Inc. (NASDAQ:EVRG)

Private Advisor Group LLC grew its stake in Evergy, Inc. (NASDAQ:EVRG) by 21.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 17,026 shares of the company’s stock after buying an additional 3,025 shares during the quarter. Private Advisor Group LLC’s holdings in Evergy were worth $1,048,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EVRG. Keene & Associates Inc. grew its position in Evergy by 0.5% in the fourth quarter. Keene & Associates Inc. now owns 64,239 shares of the company’s stock worth $3,954,000 after acquiring an additional 316 shares in the last quarter. Global Retirement Partners LLC lifted its stake in Evergy by 32.2% during the fourth quarter. Global Retirement Partners LLC now owns 2,688 shares of the company’s stock worth $165,000 after purchasing an additional 655 shares during the last quarter. Bank of Jackson Hole Trust purchased a new position in shares of Evergy in the 4th quarter worth about $31,000. New York State Common Retirement Fund increased its position in shares of Evergy by 292.4% during the 4th quarter. New York State Common Retirement Fund now owns 398,950 shares of the company’s stock valued at $24,555,000 after purchasing an additional 297,289 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new position in shares of Evergy during the 4th quarter valued at about $92,000. Institutional investors own 87.24% of the company’s stock.

Evergy Stock Up 0.5 %

Shares of NASDAQ EVRG opened at $68.91 on Friday. The company has a market cap of $15.85 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 2.82 and a beta of 0.66. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The firm’s fifty day moving average is $63.85 and its 200 day moving average is $62.12. Evergy, Inc. has a 52 week low of $48.60 and a 52 week high of $69.90.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.11). The firm had revenue of $1.26 billion for 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 expect that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Monday, March 10th. Evergy’s dividend payout ratio (DPR) is currently 72.16%.

Analysts Set New Price Targets

EVRG has been the subject of several research reports. Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $59.00 to $68.50 in a research note on Thursday, January 2nd. Finally, Barclays decreased their target price on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $65.36.

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.