OLD Republic International Corp Purchases 5,800 Shares of Evergy Inc. (NASDAQ:EVRG)

OLD Republic International Corp increased its stake in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 0.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 836,046 shares of the company's stock after purchasing an additional 5,800 shares during the quarter. Evergy comprises about 2.2% of OLD Republic International Corp's portfolio, making the stock its 18th biggest position. OLD Republic International Corp owned 0.36% of Evergy worth $57,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in Evergy in the 4th quarter valued at $49,000. Sowell Financial Services LLC bought a new position in Evergy in the first quarter valued at about $267,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Evergy during the 4th quarter worth about $1,728,000. Atria Investments Inc raised its holdings in Evergy by 101.1% during the 4th quarter. Atria Investments Inc now owns 8,016 shares of the company's stock worth $493,000 after purchasing an additional 4,030 shares during the last quarter. Finally, Brighton Jones LLC bought a new position in shares of Evergy in the 4th quarter valued at about $257,000. 87.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on EVRG. UBS Group raised shares of Evergy from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $68.00 to $78.00 in a research note on Monday, April 28th. Wall Street Zen cut shares of Evergy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Citigroup raised their price target on Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. BMO Capital Markets initiated coverage on Evergy in a report on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 price objective for the company. Finally, LADENBURG THALM/SH SH upgraded Evergy to a "strong-buy" rating in a report on Thursday, May 8th. One equities 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $73.19.

Evergy Stock Up 0.9%

NASDAQ EVRG traded up $0.61 during trading hours on Thursday, reaching $69.42. 2,092,159 shares of the company's stock were exchanged, compared to its average volume of 2,074,423. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.29 and a current ratio of 0.55. Evergy Inc. has a one year low of $53.25 and a one year high of $70.36. The company's 50-day moving average is $67.34 and its two-hundred day moving average is $66.16. The company has a market capitalization of $15.97 billion, a price-to-earnings ratio of 18.27, a price-to-earnings-growth ratio of 2.99 and a beta of 0.50.

Evergy (NASDAQ:EVRG - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.12). The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.21 billion. Evergy had a return on equity of 8.84% and a net margin of 14.87%. During the same quarter last year, the company posted $0.54 EPS. On average, analysts forecast that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Friday, May 23rd were paid a $0.6675 dividend. The ex-dividend date was Friday, May 23rd. This represents a $2.67 dividend on an annualized basis and a yield of 3.85%. Evergy's dividend 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.