Dimensional Fund Advisors LP Boosts Stake in Evergy, Inc. (NASDAQ:EVRG)

Dimensional Fund Advisors LP lifted its holdings in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,295,687 shares of the company's stock after purchasing an additional 19,584 shares during the period. Dimensional Fund Advisors LP owned about 0.56% of Evergy worth $79,749,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Lee Danner & Bass Inc. purchased a new stake in shares of Evergy in the fourth quarter valued at approximately $26,000. National Pension Service acquired a new position in shares of Evergy during the 4th quarter worth about $30,000. Bank of Jackson Hole Trust purchased a new position in Evergy in the 4th quarter valued at about $31,000. Sandy Spring Bank boosted its stake in shares of Evergy by 5,983.3% in the fourth quarter. Sandy Spring Bank now owns 730 shares of the company's stock worth $45,000 after acquiring an additional 718 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Evergy in the fourth quarter valued at about $49,000. Institutional investors and hedge funds own 87.24% of the company's stock.

Analysts Set New Price Targets

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

Evergy Stock Performance

NASDAQ:EVRG opened at $68.91 on Wednesday. Evergy, Inc. has a fifty-two week low of $51.91 and a fifty-two week high of $70.30. The company has a 50 day moving average price of $67.37 and a 200 day moving average price of $64.37. The stock has a market capitalization of $15.85 billion, a P/E ratio of 18.62, a PEG ratio of 2.82 and a beta of 0.52. 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 issued its quarterly earnings results on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.11). The business had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. Equities research analysts forecast that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The business also recently disclosed 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. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.87%. The ex-dividend date was Monday, March 10th. Evergy's dividend payout ratio is currently 70.45%.

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.

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