Natixis Advisors LLC Grows Holdings in Evergy Inc. (NASDAQ:EVRG)

Key Points

• Natixis Advisors LLC increased its stake in Evergy Inc. by 66.7%, owning approximately $10.21 million in shares by the end of the first quarter.
• Analysts have varying ratings on Evergy, with target prices ranging from $71.00 to $78.00 and an average rating of "Moderate Buy."
• Evergy recently declared a quarterly dividend of $0.6675 per share, translating to an annualized dividend of $2.67 and a yield of 3.7%.

Natixis Advisors LLC raised its position in Evergy Inc. (NASDAQ:EVRG - Free Report) by 66.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 148,103 shares of the company's stock after acquiring an additional 59,274 shares during the quarter. Natixis Advisors LLC owned approximately 0.06% of Evergy worth $10,212,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in EVRG. Bfsg LLC purchased a new stake in shares of Evergy during the 1st quarter worth approximately $25,000. Colonial Trust Co SC purchased a new stake in shares of Evergy during the 4th quarter worth approximately $32,000. Alpine Bank Wealth Management purchased a new stake in shares of Evergy during the 1st quarter worth approximately $32,000. Olde Wealth Management LLC purchased a new stake in shares of Evergy during the 1st quarter worth approximately $32,000. Finally, LRI Investments LLC acquired a new position in shares of Evergy in the 1st quarter valued at $32,000. Hedge funds and other institutional investors own 87.24% of the company's stock.

Evergy Price Performance

Shares of NASDAQ:EVRG traded up $0.21 on Wednesday, reaching $73.25. 2,903,415 shares of the company were exchanged, compared to its average volume of 2,362,297. The company has a current ratio of 0.55, a quick ratio of 0.29 and a debt-to-equity ratio of 1.24. Evergy Inc. has a 1-year low of $57.28 and a 1-year high of $73.66. The firm has a market cap of $16.85 billion, a price-to-earnings ratio of 19.28, a price-to-earnings-growth ratio of 3.20 and a beta of 0.48. The company has a 50-day moving average of $68.41 and a 200-day moving average of $67.28.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on EVRG shares. Jefferies Financial Group set a $78.00 target price on shares of Evergy and gave the company a "buy" rating in a report on Tuesday, June 10th. Citigroup lifted their target price on shares of Evergy from $77.00 to $79.00 and gave the company a "buy" rating in a report on Friday, May 16th. LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a research note on Thursday, May 8th. Mizuho boosted their price objective on shares of Evergy from $70.00 to $74.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Finally, Barclays dropped their price objective on shares of Evergy from $73.00 to $71.00 and set an "overweight" rating on the stock in a research note on Friday, May 30th. One research 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. According to data from MarketBeat, Evergy presently has an average rating of "Moderate Buy" and an average price target of $74.06.

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.