Ensign Peak Advisors Inc Has $7.96 Million Holdings in Evergy, Inc. (NASDAQ:EVRG)

Ensign Peak Advisors Inc lifted its position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 63.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 129,293 shares of the company's stock after purchasing an additional 50,199 shares during the period. Ensign Peak Advisors Inc owned 0.06% of Evergy worth $7,958,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on EVRG. UBS Group upgraded Evergy from a "neutral" rating to a "buy" rating and raised their price target for the stock from $68.00 to $78.00 in a research report on Monday, April 28th. Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Citigroup boosted their price objective on Evergy from $77.00 to $79.00 and gave the company a "buy" rating in a research report on Friday. BMO Capital Markets assumed coverage on Evergy in a report on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 price target for the company. Finally, LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a research note on Thursday, May 8th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Evergy currently has an average rating of "Buy" and a consensus target price of $72.44.

Evergy Stock Performance

Evergy stock traded down $0.07 during trading hours on Monday, hitting $66.87. The stock had a trading volume of 189,560 shares, compared to its average volume of 1,957,707. The company has a market cap of $15.39 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 2.82 and a beta of 0.53. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a fifty-two week low of $52.10 and a fifty-two week high of $70.36. The company has a 50-day moving average of $67.31 and a two-hundred day moving average of $64.98.

Evergy (NASDAQ:EVRG - Get Free Report) last released 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). Evergy had a net margin of 14.77% and a return on equity of 8.77%. The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period in the prior year, the business earned $0.54 earnings per share. On average, equities research analysts anticipate that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.99%. The ex-dividend date of this dividend is Friday, May 23rd. Evergy's dividend payout ratio is currently 70.26%.

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.