Gateway Investment Advisers LLC Buys 11,904 Shares of Evergy, Inc. (NASDAQ:EVRG)

Gateway Investment Advisers LLC raised its stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 21.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 67,245 shares of the company's stock after purchasing an additional 11,904 shares during the quarter. Gateway Investment Advisers LLC's holdings in Evergy were worth $4,637,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Miller Howard Investments Inc. NY grew its stake in shares of Evergy by 1.4% in the 4th 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 during the last quarter. Quent Capital LLC grew 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 acquiring an additional 163 shares during the last quarter. Stolper Co grew its stake in shares of Evergy by 0.5% in the first quarter. Stolper Co now owns 34,630 shares of the company's stock worth $2,388,000 after acquiring an additional 169 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Evergy by 5.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,873 shares of the company's stock worth $238,000 after purchasing an additional 190 shares during the last quarter. Finally, Oxbow Advisors LLC raised its position in shares of Evergy by 0.5% in the 4th quarter. Oxbow Advisors LLC now owns 44,349 shares of the company's stock worth $2,730,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 87.24% of the company's stock.

Evergy Price Performance

Shares of NASDAQ:EVRG opened at $65.24 on Friday. The firm's 50 day moving average price is $66.88 and its 200-day moving average price is $65.34. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $15.01 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 2.82 and a beta of 0.50. Evergy, Inc. has a twelve month low of $52.10 and a twelve month high of $70.36.

Evergy (NASDAQ:EVRG - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.12). The company had revenue of $1.37 billion for the quarter, compared to analysts' expectations 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 firm posted $0.54 earnings per share. Equities research analysts expect that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The company also recently declared 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 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend is Friday, May 23rd. Evergy's dividend payout ratio is currently 70.26%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. UBS Group upgraded shares of Evergy from a "neutral" rating to a "buy" rating and raised their price objective for the company from $68.00 to $78.00 in a research note on Monday, April 28th. Citigroup boosted their price objective on shares of Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Wall Street Zen cut Evergy from a "hold" rating to a "sell" rating in a research 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 target price for the company. Finally, LADENBURG THALM/SH SH upgraded Evergy to a "strong-buy" rating in a research note on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Evergy has an average rating of "Moderate Buy" and a consensus target price of $72.19.

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.

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