CANADA LIFE ASSURANCE Co Increases Position in Evergy, Inc. (NASDAQ:EVRG)

CANADA LIFE ASSURANCE Co grew its position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 10.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 102,706 shares of the company's stock after buying an additional 9,413 shares during the quarter. CANADA LIFE ASSURANCE Co's holdings in Evergy were worth $6,320,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of EVRG. Lee Danner & Bass Inc. bought a new position in shares of Evergy during the 4th quarter worth approximately $26,000. National Pension Service bought a new stake in shares of Evergy in the 4th quarter worth approximately $30,000. Bank of Jackson Hole Trust bought a new stake in shares of Evergy in the 4th quarter worth approximately $31,000. Sandy Spring Bank raised its holdings in shares of Evergy by 5,983.3% in the 4th quarter. Sandy Spring Bank now owns 730 shares of the company's stock worth $45,000 after purchasing an additional 718 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Evergy in the 4th quarter worth approximately $49,000. Institutional investors own 87.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on EVRG shares. Barclays lifted their price target on shares of Evergy from $72.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. UBS Group raised shares of 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 report on Monday. Finally, LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a report on Monday, March 17th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Evergy currently has an average rating of "Buy" and a consensus target price of $70.92.

Evergy Stock Performance

EVRG stock traded up $1.14 during midday trading on Monday, reaching $69.02. 1,616,957 shares of the company's stock traded hands, compared to its average volume of 1,957,945. The company has a 50-day moving average price of $67.33 and a two-hundred day moving average price of $64.33. 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, Inc. has a 52 week low of $51.90 and a 52 week high of $70.30. The firm has a market capitalization of $15.88 billion, a PE ratio of 18.65, a price-to-earnings-growth ratio of 2.82 and a beta of 0.52.

Evergy (NASDAQ:EVRG - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.11). Evergy had a net margin of 14.77% and a return on equity of 8.77%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. As a group, equities analysts anticipate that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.87%. Evergy's dividend payout ratio (DPR) is currently 70.45%.

Evergy Company 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.