CenterBook Partners LP Makes New $1.78 Million Investment in Evergy Inc. (NASDAQ:EVRG)

CenterBook Partners LP acquired a new position in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 25,801 shares of the company's stock, valued at approximately $1,779,000.

Other hedge funds have also made changes to their positions in the company. Bfsg LLC purchased a new stake in Evergy in the first quarter valued at approximately $25,000. Lee Danner & Bass Inc. acquired a new position in shares of Evergy in the 4th quarter valued at $26,000. Colonial Trust Co SC acquired a new position in shares of Evergy in the 4th quarter valued at $32,000. Alpine Bank Wealth Management purchased a new stake in shares of Evergy during the 1st quarter valued at $32,000. Finally, Olde Wealth Management LLC acquired a new stake in shares of Evergy during the 1st quarter worth $32,000. Institutional investors and hedge funds own 87.24% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Wall Street Zen cut Evergy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. BMO Capital Markets began coverage on Evergy in a report on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 price objective on the stock. UBS Group raised Evergy from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $68.00 to $78.00 in a research note on Monday, April 28th. LADENBURG THALM/SH SH upgraded Evergy to a "strong-buy" rating in a report on Thursday, May 8th. Finally, Citigroup raised their price target on shares of Evergy from $77.00 to $79.00 and gave the company a "buy" rating in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $74.06.

Evergy Stock Up 1.4%

Shares of NASDAQ:EVRG traded up $0.98 during mid-day trading on Friday, hitting $68.82. 761,167 shares of the company traded hands, compared to its average volume of 2,097,904. The firm's 50 day simple moving average is $67.30 and its 200 day simple moving average is $66.44. The firm has a market cap of $15.83 billion, a P/E ratio of 18.13, a PEG ratio of 2.95 and a beta of 0.50. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.29 and a current ratio of 0.55. Evergy Inc. has a 52-week low of $54.76 and a 52-week high of $70.36.

Evergy (NASDAQ:EVRG - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.12). Evergy had a net margin of 14.87% and a return on equity of 8.84%. The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the business earned $0.54 EPS. On average, equities analysts anticipate that Evergy Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, May 23rd were given a $0.6675 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.67 dividend on an annualized basis and a yield of 3.88%. Evergy's payout ratio is currently 70.26%.

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.