218,181 Shares in Evergy Inc. (NASDAQ:EVRG) Acquired by Jupiter Asset Management Ltd.

Key Points

• Jupiter Asset Management Ltd. acquired a total of 218,181 shares in Evergy Inc., valued at approximately $15 million, representing a 0.09% ownership stake.
• Evergy recently reported an EPS of $0.54 for the last quarter, missing analyst expectations by $0.12, while revenues reached $1.37 billion.
• The company declared a quarterly dividend of $0.6675 per share with an annualized yield of 3.7%, indicating a dividend payout ratio of 70.26%.

Jupiter Asset Management Ltd. acquired a new stake in Evergy Inc. (NASDAQ:EVRG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 218,181 shares of the company's stock, valued at approximately $15,044,000. Jupiter Asset Management Ltd. owned about 0.09% of Evergy at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Bfsg LLC acquired a new stake in shares of Evergy in the 1st quarter valued at $25,000. Colonial Trust Co SC acquired a new stake in shares of Evergy in the 4th quarter valued at $32,000. Alpine Bank Wealth Management acquired a new stake in shares of Evergy in the 1st quarter valued at $32,000. Olde Wealth Management LLC acquired a new stake in shares of Evergy in the 1st quarter valued at $32,000. Finally, LRI Investments LLC acquired a new stake in shares of Evergy in the 1st quarter valued at $32,000. Institutional investors and hedge funds own 87.24% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on EVRG shares. Wall Street Zen lowered shares of Evergy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Barclays dropped their target price on shares of Evergy from $73.00 to $71.00 and set an "overweight" rating on the stock in a report on Friday, May 30th. BMO Capital Markets assumed coverage on shares of Evergy in a report on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 target price on the stock. Jefferies Financial Group set a $78.00 price objective on shares of Evergy and gave the stock a "buy" rating in a report on Tuesday, June 10th. Finally, Mizuho upped their price objective on shares of Evergy from $70.00 to $74.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $74.06.

Evergy Stock Performance

Evergy stock traded up $0.15 during midday trading on Tuesday, hitting $73.27. The company's stock had a trading volume of 696,113 shares, compared to its average volume of 2,316,388. Evergy Inc. has a 1-year low of $57.28 and a 1-year high of $73.41. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.55 and a quick ratio of 0.29. The company has a 50-day moving average price of $68.28 and a two-hundred day moving average price of $67.24. The company has a market cap of $16.86 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 3.13 and a beta of 0.48.

Evergy (NASDAQ:EVRG - Get Free Report) last issued its quarterly earnings data 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). 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 analyst estimates of $1.21 billion. During the same quarter last year, the firm earned $0.54 EPS. As a group, sell-side analysts predict that Evergy Inc. will post 3.83 earnings per share for the current year.

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.