Evergy Inc. (NASDAQ:EVRG) Shares Bought by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 11.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 401,095 shares of the company's stock after buying an additional 40,249 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.17% of Evergy worth $27,656,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Northern Trust Corp increased its position in Evergy by 5.7% during the 4th quarter. Northern Trust Corp now owns 2,345,119 shares of the company's stock worth $144,342,000 after purchasing an additional 125,898 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Evergy by 0.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,174,047 shares of the company's stock worth $149,901,000 after purchasing an additional 13,555 shares in the last quarter. Jennison Associates LLC increased its position in Evergy by 11.2% during the 1st quarter. Jennison Associates LLC now owns 1,730,849 shares of the company's stock worth $119,342,000 after purchasing an additional 174,269 shares in the last quarter. Two Sigma Advisers LP grew its holdings in Evergy by 12.8% in the 4th quarter. Two Sigma Advisers LP now owns 1,417,100 shares of the company's stock valued at $87,223,000 after buying an additional 161,000 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its holdings in Evergy by 1.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,364,401 shares of the company's stock valued at $83,980,000 after buying an additional 15,667 shares during the period. Institutional investors and hedge funds own 87.24% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on EVRG shares. BMO Capital Markets started coverage on Evergy in a report on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 price target for the company. Wall Street Zen cut Evergy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. LADENBURG THALM/SH SH upgraded Evergy to a "strong-buy" rating in a report on Thursday, May 8th. Citigroup lifted their price target on Evergy from $77.00 to $79.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, Barclays lowered their price target on Evergy from $73.00 to $71.00 and set an "overweight" rating for the company in a report on Friday, May 30th. One 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 company. According to MarketBeat, Evergy currently has a consensus rating of "Moderate Buy" and a consensus target price of $74.44.

Evergy Trading Down 0.8%

Shares of NASDAQ:EVRG traded down $0.61 during trading on Friday, reaching $72.20. 479,439 shares of the stock were exchanged, compared to its average volume of 2,344,113. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.27 and a current ratio of 0.50. Evergy Inc. has a 12-month low of $57.82 and a 12-month high of $73.97. The firm has a market cap of $16.62 billion, a price-to-earnings ratio of 19.83, a price-to-earnings-growth ratio of 3.20 and a beta of 0.48. The firm's 50-day moving average price is $69.38 and its 200 day moving average price is $67.71.

Evergy (NASDAQ:EVRG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.78 by $0.04. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.45 billion. Evergy had a return on equity of 8.62% and a net margin of 14.29%. Evergy's revenue for the quarter was down .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.90 EPS. On average, sell-side analysts anticipate that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 22nd will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.67 annualized dividend and a yield of 3.7%. Evergy's payout ratio is 73.35%.

About Evergy

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.