Baird Financial Group Inc. Raises Holdings in Evergy, Inc. (NASDAQ:EVRG)

Baird Financial Group Inc. boosted its position in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 19.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,157 shares of the company's stock after purchasing an additional 6,768 shares during the period. Baird Financial Group Inc.'s holdings in Evergy were worth $2,595,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Miller Howard Investments Inc. NY grew its stake in Evergy by 1.4% in the 4th quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company's stock valued at $723,000 after acquiring an additional 162 shares during the period. Quent Capital LLC raised its position in shares of Evergy by 4.6% during the 4th quarter. Quent Capital LLC now owns 3,692 shares of the company's stock worth $227,000 after purchasing an additional 163 shares during the last quarter. Mather Group LLC. lifted its stake in Evergy by 5.7% in the 4th quarter. Mather Group LLC. now owns 3,231 shares of the company's stock valued at $199,000 after buying an additional 173 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its stake in Evergy by 2.5% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 7,322 shares of the company's stock valued at $451,000 after buying an additional 182 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in Evergy by 5.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,873 shares of the company's stock worth $238,000 after buying an additional 190 shares in the last quarter. Institutional investors own 87.24% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on EVRG shares. LADENBURG THALM/SH SH raised Evergy to a "strong-buy" rating in a research note on Thursday, May 8th. Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Barclays raised their price target on shares of Evergy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 22nd. BMO Capital Markets initiated coverage on shares of Evergy in a report on Tuesday. They issued an "outperform" rating and a $75.00 price objective for the company. Finally, UBS Group upgraded Evergy from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $68.00 to $78.00 in a report on Monday, April 28th. Seven investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $71.50.

Evergy Trading Up 2.6%

EVRG traded up $1.64 during trading hours on Thursday, reaching $65.70. The company's stock had a trading volume of 1,703,624 shares, compared to its average volume of 1,962,309. The stock has a market cap of $15.12 billion, a PE ratio of 17.76, a P/E/G ratio of 2.82 and a beta of 0.53. 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 business's 50-day moving average is $67.27 and its 200-day moving average is $64.83.

Evergy (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.12). The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.21 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. During the same quarter in the prior year, the business earned $0.54 earnings per share. As a group, equities research analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend is Friday, May 23rd. Evergy's payout ratio is 70.26%.

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.