Evergy, Inc. (NASDAQ:EVRG) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its stake in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 5.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 295,489 shares of the company's stock after purchasing an additional 14,273 shares during the period. Ameriprise Financial Inc. owned 0.13% of Evergy worth $18,166,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in Evergy by 7.2% during the 3rd quarter. Principal Financial Group Inc. now owns 278,197 shares of the company's stock valued at $17,251,000 after buying an additional 18,595 shares in the last quarter. Czech National Bank boosted its position in shares of Evergy by 6.4% during the 4th quarter. Czech National Bank now owns 49,865 shares of the company's stock valued at $3,069,000 after acquiring an additional 3,021 shares during the last quarter. Brookstone Capital Management grew its holdings in shares of Evergy by 11.4% in the fourth quarter. Brookstone Capital Management now owns 28,795 shares of the company's stock valued at $1,772,000 after purchasing an additional 2,948 shares in the last quarter. Wedmont Private Capital bought a new stake in Evergy in the fourth quarter worth $211,000. Finally, Assenagon Asset Management S.A. increased its position in Evergy by 43.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,041,564 shares of the company's stock worth $64,108,000 after purchasing an additional 316,197 shares during the last quarter. Hedge funds and other institutional investors own 87.24% of the company's stock.

Evergy Stock Performance

NASDAQ:EVRG traded up $0.19 during midday trading on Monday, hitting $67.12. The company's stock had a trading volume of 2,077,118 shares, compared to its average volume of 1,965,117. Evergy, Inc. has a fifty-two week low of $52.10 and a fifty-two week high of $70.36. 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 firm has a market cap of $15.44 billion, a P/E ratio of 18.14, a P/E/G ratio of 2.82 and a beta of 0.53. The firm's 50 day moving average is $67.31 and its 200-day moving average is $64.98.

Evergy (NASDAQ:EVRG - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.12). Evergy had a net margin of 14.77% and a return on equity of 8.77%. The business had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same period last year, the company earned $0.54 earnings per share. Equities analysts anticipate that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.98%. Evergy's payout ratio is currently 70.26%.

Wall Street Analyst Weigh In

A number of brokerages have commented on EVRG. LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a research note on Thursday, May 8th. UBS Group raised Evergy from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $68.00 to $78.00 in a research note on Monday, April 28th. Citigroup upped their price objective on Evergy from $77.00 to $79.00 and gave the company a "buy" rating in a research report on Friday. Barclays lifted their target price on Evergy from $72.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. Finally, Guggenheim upgraded Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $72.44.

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.