Benjamin Edwards Inc. Acquires 10,014 Shares of Evergy, Inc. (NASDAQ:EVRG)

Benjamin Edwards Inc. boosted its position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 12.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 91,573 shares of the company's stock after purchasing an additional 10,014 shares during the period. Benjamin Edwards Inc.'s holdings in Evergy were worth $5,636,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ExodusPoint Capital Management LP raised its holdings in Evergy by 164.8% in the 4th quarter. ExodusPoint Capital Management LP now owns 2,312,953 shares of the company's stock worth $142,362,000 after acquiring an additional 1,439,450 shares during the period. SG Americas Securities LLC grew its position in shares of Evergy by 15,406.4% in the fourth quarter. SG Americas Securities LLC now owns 921,546 shares of the company's stock valued at $56,721,000 after purchasing an additional 915,603 shares during the last quarter. Brandes Investment Partners LP bought a new position in shares of Evergy in the fourth quarter worth about $55,652,000. Groupama Asset Managment lifted its position in shares of Evergy by 3,216.6% during the 4th quarter. Groupama Asset Managment now owns 880,768 shares of the company's stock worth $54,211,000 after purchasing an additional 854,212 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Evergy during the 4th quarter worth about $32,488,000. Hedge funds and other institutional investors own 87.24% of the company's stock.

Evergy Price Performance

Shares of EVRG stock traded up $0.04 during mid-day trading on Friday, reaching $66.60. The company's stock had a trading volume of 2,910,157 shares, compared to its average volume of 1,958,508. The firm's 50-day moving average is $67.35 and its two-hundred day moving average is $64.77. The company has a market cap of $15.32 billion, a P/E ratio of 18.00, a PEG ratio of 2.82 and a beta of 0.53. Evergy, Inc. has a 1-year low of $52.10 and a 1-year high of $70.36. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55.

Evergy (NASDAQ:EVRG - Get Free Report) last released its 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 firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.21 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. During the same quarter in the previous year, the firm earned $0.54 EPS. On average, research analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.01%. The ex-dividend date is Friday, May 23rd. Evergy's payout ratio is 70.45%.

Analysts Set New Price Targets

Several research analysts have commented on the company. UBS Group raised Evergy from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $68.00 to $78.00 in a research report on Monday, April 28th. Barclays upped their target price on shares of Evergy from $72.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, April 22nd. LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a research report on Monday, March 17th. Finally, Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $70.92.

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.