Quantinno Capital Management LP Boosts Stock Position in Evergy, Inc. (NASDAQ:EVRG)

Quantinno Capital Management LP grew its stake in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 23.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 130,278 shares of the company's stock after acquiring an additional 24,789 shares during the quarter. Quantinno Capital Management LP owned about 0.06% of Evergy worth $8,019,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in EVRG. Principal Financial Group Inc. boosted its holdings in shares of Evergy by 7.2% during the 3rd quarter. Principal Financial Group Inc. now owns 278,197 shares of the company's stock valued at $17,251,000 after acquiring an additional 18,595 shares during the last quarter. Czech National Bank boosted its holdings in shares of Evergy by 6.4% during the 4th quarter. Czech National Bank now owns 49,865 shares of the company's stock valued at $3,069,000 after acquiring an additional 3,021 shares during the last quarter. Brookstone Capital Management lifted its stake in shares of Evergy by 11.4% in the 4th quarter. Brookstone Capital Management now owns 28,795 shares of the company's stock worth $1,772,000 after purchasing an additional 2,948 shares during the period. Wedmont Private Capital bought a new position in shares of Evergy in the 4th quarter worth approximately $211,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Evergy by 43.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,041,564 shares of the company's stock worth $64,108,000 after purchasing an additional 316,197 shares during the period. Hedge funds and other institutional investors own 87.24% of the company's stock.

Evergy Price Performance

EVRG traded down $0.88 during trading on Wednesday, reaching $66.60. 530,761 shares of the company traded hands, compared to its average volume of 2,314,087. 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 12-month low of $52.10 and a 12-month high of $70.36. The firm has a fifty day simple moving average of $67.34 and a 200 day simple moving average of $65.05. 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 (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.54 earnings per share (EPS) 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 company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.21 billion. During the same period last year, the business earned $0.54 earnings per share. On average, equities analysts forecast that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend is Friday, May 23rd. Evergy's dividend payout ratio (DPR) is currently 70.26%.

Analyst Upgrades and Downgrades

EVRG has been the topic of several recent research reports. LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a research note on Thursday, May 8th. BMO Capital Markets initiated coverage on shares of Evergy in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 price objective on the stock. Guggenheim upgraded shares of Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Citigroup increased their price objective on shares of Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, UBS Group upgraded shares of Evergy from a "neutral" rating to a "buy" rating and raised their target price for the stock from $68.00 to $78.00 in a research note on Monday, April 28th. Eight analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $72.44.

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.