Summit Global Investments Has $13.87 Million Holdings in Evergy, Inc. (NASDAQ:EVRG)

Summit Global Investments boosted its position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 30.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 201,208 shares of the company's stock after purchasing an additional 46,894 shares during the period. Evergy accounts for 1.0% of Summit Global Investments' investment portfolio, making the stock its 13th biggest holding. Summit Global Investments owned 0.09% of Evergy worth $13,873,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in Evergy by 8,154.8% during the first quarter. GAMMA Investing LLC now owns 973,574 shares of the company's stock valued at $67,128,000 after purchasing an additional 961,780 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Evergy by 184.4% during the 1st quarter. Versant Capital Management Inc now owns 2,133 shares of the company's stock valued at $147,000 after acquiring an additional 1,383 shares in the last quarter. 111 Capital purchased a new position in shares of Evergy during the 4th quarter valued at $341,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Evergy by 33.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 33,249 shares of the company's stock worth $2,046,000 after acquiring an additional 8,385 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Evergy in the fourth quarter worth $1,728,000. 87.24% of the stock is owned by institutional investors and hedge funds.

Evergy Stock Performance

Shares of Evergy stock traded up $0.19 during trading on Friday, reaching $66.42. The company's stock had a trading volume of 2,941,187 shares, compared to its average volume of 1,979,928. Evergy, Inc. has a one year low of $52.10 and a one year 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 firm has a market cap of $15.28 billion, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 2.82 and a beta of 0.53. The business's fifty day moving average price is $67.13 and its 200-day moving average price is $65.27.

Evergy (NASDAQ:EVRG - Get Free Report) last issued its quarterly 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). The business had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.21 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. During the same quarter last year, the firm earned $0.54 earnings per share. As a group, equities research analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be issued 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 is Friday, May 23rd. Evergy's payout ratio is presently 70.26%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Citigroup upped their price target on shares of Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. BMO Capital Markets assumed coverage on Evergy in a report on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 price objective on the stock. LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a research note on Thursday, May 8th. Barclays decreased their target price on shares of Evergy from $73.00 to $71.00 and set an "overweight" rating for the company in a research report on Friday. Finally, UBS Group upgraded shares of Evergy from a "neutral" rating to a "buy" rating and raised their price target for the company from $68.00 to $78.00 in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Evergy has an average rating of "Moderate Buy" and a consensus target price of $72.19.

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.