Evergy, Inc. (NASDAQ:EVRG) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp increased its position in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 38.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,238 shares of the company's stock after buying an additional 43,289 shares during the quarter. Mackenzie Financial Corp owned 0.07% of Evergy worth $9,616,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Retirement Planning Group LLC increased its position in Evergy by 0.9% during the 4th quarter. Retirement Planning Group LLC now owns 24,372 shares of the company's stock valued at $1,500,000 after purchasing an additional 210 shares during the period. Woodline Partners LP purchased a new stake in shares of Evergy in the 4th quarter worth about $850,000. iSAM Funds UK Ltd purchased a new stake in shares of Evergy in the 4th quarter worth about $840,000. Vennlight Capital Management LP purchased a new stake in shares of Evergy in the 4th quarter worth about $10,363,000. Finally, Vident Advisory LLC grew its position in shares of Evergy by 60.8% in the 4th quarter. Vident Advisory LLC now owns 6,971 shares of the company's stock worth $429,000 after buying an additional 2,637 shares during the period. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Stock Up 0.3%

EVRG traded up $0.19 on Friday, hitting $66.42. The company had a trading volume of 2,941,187 shares, compared to its average volume of 1,985,985. The stock has a fifty day moving average price of $67.13 and a 200-day moving average price of $65.26. Evergy, Inc. has a 12-month low of $52.10 and a 12-month high of $70.36. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The stock has a market capitalization of $15.28 billion, a price-to-earnings ratio of 17.95, a P/E/G ratio of 2.82 and a beta of 0.53.

Evergy (NASDAQ:EVRG - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.12). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the firm earned $0.54 EPS. Analysts predict that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors 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 4.02%. The ex-dividend date of this dividend is Friday, May 23rd. Evergy's payout ratio is 70.26%.

Analyst Upgrades and Downgrades

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