Universal Beteiligungs und Servicegesellschaft mbH Makes New $1.73 Million Investment in Evergy, Inc. (NASDAQ:EVRG)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,080 shares of the company's stock, valued at approximately $1,728,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Evergy by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 30,665,885 shares of the company's stock worth $1,887,485,000 after acquiring an additional 221,086 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Evergy by 2.3% in the fourth quarter. Franklin Resources Inc. now owns 5,660,930 shares of the company's stock valued at $348,430,000 after purchasing an additional 128,211 shares during the period. Geode Capital Management LLC raised its position in shares of Evergy by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 5,637,257 shares of the company's stock valued at $346,063,000 after purchasing an additional 133,641 shares during the period. American Century Companies Inc. raised its position in shares of Evergy by 3.8% in the fourth quarter. American Century Companies Inc. now owns 3,555,122 shares of the company's stock valued at $218,818,000 after purchasing an additional 130,804 shares during the period. Finally, Federated Hermes Inc. raised its position in shares of Evergy by 2.2% in the fourth quarter. Federated Hermes Inc. now owns 3,434,216 shares of the company's stock valued at $211,376,000 after purchasing an additional 73,066 shares during the period. 87.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EVRG. BMO Capital Markets began coverage on shares of Evergy in a research report on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 price objective on the stock. Barclays dropped their price objective on shares of Evergy from $73.00 to $71.00 and set an "overweight" rating on the stock in a research report on Friday, May 30th. UBS Group raised shares of Evergy from a "neutral" rating to a "buy" rating and increased their price objective for the company from $68.00 to $78.00 in a research report on Monday, April 28th. Citigroup increased their price objective on shares of Evergy from $77.00 to $79.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Finally, Wall Street Zen lowered shares of Evergy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One equities 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $72.19.

Evergy Stock Performance

NASDAQ:EVRG traded up $0.17 during mid-day trading on Friday, reaching $65.24. 1,769,840 shares of the company's stock were exchanged, compared to its average volume of 1,984,547. Evergy, Inc. has a one year low of $52.10 and a one year high of $70.36. The firm has a market capitalization of $15.01 billion, a PE ratio of 17.63, a price-to-earnings-growth ratio of 2.82 and a beta of 0.50. The business's fifty day simple moving average is $66.88 and its two-hundred day simple moving average is $65.33. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55.

Evergy (NASDAQ:EVRG - Get Free Report) last released 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). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the business posted $0.54 earnings per share. Analysts anticipate that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 4.09%. 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.