GAMMA Investing LLC Purchases 961,780 Shares of Evergy, Inc. (NASDAQ:EVRG)

GAMMA Investing LLC increased its holdings in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 8,154.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 973,574 shares of the company's stock after buying an additional 961,780 shares during the quarter. GAMMA Investing LLC owned 0.42% of Evergy worth $67,128,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Lee Danner & Bass Inc. bought a new stake in shares of Evergy during the fourth quarter worth about $26,000. National Pension Service bought a new stake in shares of Evergy in the 4th quarter valued at about $30,000. Bank of Jackson Hole Trust acquired a new stake in shares of Evergy in the fourth quarter valued at about $31,000. Colonial Trust Co SC acquired a new position in shares of Evergy in the fourth quarter worth approximately $32,000. Finally, Sandy Spring Bank increased its position in Evergy by 5,983.3% during the 4th quarter. Sandy Spring Bank now owns 730 shares of the company's stock valued at $45,000 after purchasing an additional 718 shares during the period. 87.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Wall Street Zen downgraded Evergy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a research report on Thursday, May 8th. Citigroup boosted their price target on shares of Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a report on Friday, May 16th. BMO Capital Markets began coverage on Evergy in a research note on Tuesday, May 13th. They set an "outperform" rating and a $75.00 price target for the company. Finally, Barclays cut their price target on Evergy from $73.00 to $71.00 and set an "overweight" rating for the company in a report on Friday, May 30th. One analyst has rated the stock with a sell rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Evergy currently has an average rating of "Moderate Buy" and an average target price of $72.19.

Evergy Price Performance

Shares of Evergy stock traded up $0.02 during trading on Thursday, hitting $65.07. The stock had a trading volume of 1,590,507 shares, compared to its average volume of 1,980,006. Evergy, Inc. has a 12 month low of $52.10 and a 12 month high of $70.36. The business's 50-day moving average is $67.03 and its 200 day moving average is $65.31. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The firm has a market cap of $14.97 billion, a price-to-earnings ratio of 17.59, a P/E/G ratio of 2.82 and a beta of 0.50.

Evergy (NASDAQ:EVRG - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.21 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. During the same quarter last year, the business posted $0.54 EPS. As a group, sell-side analysts anticipate that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The business also recently disclosed 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 annualized dividend and a dividend yield of 4.10%. The ex-dividend date is Friday, May 23rd. Evergy's dividend payout ratio (DPR) 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.