Evergy, Inc. (NASDAQ:EVRG) Position Boosted by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 230.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 125,184 shares of the company's stock after acquiring an additional 87,304 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.05% of Evergy worth $7,705,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in EVRG. ExodusPoint Capital Management LP boosted its stake in Evergy by 164.8% during the 4th quarter. ExodusPoint Capital Management LP now owns 2,312,953 shares of the company's stock valued at $142,362,000 after acquiring an additional 1,439,450 shares during the last quarter. SG Americas Securities LLC boosted its stake in Evergy by 15,406.4% during the 4th quarter. SG Americas Securities LLC now owns 921,546 shares of the company's stock valued at $56,721,000 after acquiring an additional 915,603 shares during the last quarter. Brandes Investment Partners LP acquired a new stake in shares of Evergy during the fourth quarter worth $55,652,000. Groupama Asset Managment raised its holdings in shares of Evergy by 3,216.6% during the fourth quarter. Groupama Asset Managment now owns 880,768 shares of the company's stock worth $54,211,000 after purchasing an additional 854,212 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of Evergy during the fourth quarter worth $32,488,000. 87.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on EVRG shares. BMO Capital Markets started coverage on shares of Evergy in a report on Tuesday, May 13th. They set an "outperform" rating and a $75.00 target price on the stock. LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a report on Thursday, May 8th. Citigroup increased their target price on shares of Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a report on Friday, May 16th. UBS Group raised shares of Evergy from a "neutral" rating to a "buy" rating and increased their target price for the stock from $68.00 to $78.00 in a report on Monday, April 28th. Finally, Wall Street Zen cut shares of Evergy from a "hold" rating to a "sell" rating in a report on Thursday. One research analyst has rated the stock with a sell rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Evergy has a consensus rating of "Moderate Buy" and an average price target of $72.44.

Evergy Price Performance

Evergy stock traded down $0.12 during trading hours on Friday, hitting $65.80. 1,502,951 shares of the company traded hands, compared to its average volume of 1,973,449. The firm has a market cap of $15.14 billion, a P/E ratio of 17.78, a P/E/G ratio of 2.82 and a beta of 0.53. 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 firm's 50-day simple moving average is $67.26 and its two-hundred day simple moving average is $65.13. Evergy, Inc. has a 1-year low of $52.10 and a 1-year high of $70.36.

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 the consensus estimate of $0.66 by ($0.12). The company had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.21 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. During the same period in the previous year, the business posted $0.54 EPS. As a group, analysts forecast that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.6675 per share. The ex-dividend date is Friday, May 23rd. This represents a $2.67 annualized dividend and a yield of 4.06%. Evergy's payout ratio is 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.