Freestone Grove Partners LP Purchases New Holdings in Evergy, Inc. (NASDAQ:EVRG)

Freestone Grove Partners LP bought a new position in Evergy, Inc. (NASDAQ:EVRG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,623 shares of the company's stock, valued at approximately $777,000.

A number of other large investors have also modified their holdings of EVRG. Lee Danner & Bass Inc. purchased a new stake in Evergy during the fourth quarter worth about $26,000. National Pension Service purchased a new position in shares of Evergy during the 4th quarter worth approximately $30,000. Bank of Jackson Hole Trust purchased a new stake in Evergy in the 4th quarter valued at approximately $31,000. Sandy Spring Bank grew its holdings in Evergy by 5,983.3% during the 4th quarter. Sandy Spring Bank now owns 730 shares of the company's stock valued at $45,000 after buying an additional 718 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Evergy during the fourth quarter worth $49,000. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Price Performance

Shares of NASDAQ EVRG traded down $0.27 during trading on Friday, hitting $66.29. The company had a trading volume of 1,501,766 shares, compared to its average volume of 1,964,151. 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, Inc. has a 52 week low of $52.10 and a 52 week high of $70.36. The company has a market cap of $15.25 billion, a P/E ratio of 17.92, a PEG ratio of 2.82 and a beta of 0.53. The business's 50-day moving average is $67.37 and its 200 day moving average is $64.73.

Evergy (NASDAQ:EVRG - Get Free Report) last released its quarterly earnings data 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 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. Equities research analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.03%. The ex-dividend date was Monday, March 10th. Evergy's dividend payout ratio (DPR) is presently 70.45%.

Wall Street Analyst Weigh In

EVRG has been the topic of a number of recent research reports. Guggenheim upgraded shares of Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. UBS Group upgraded Evergy from a "neutral" rating to a "buy" rating and boosted their price target for the company from $68.00 to $78.00 in a report on Monday, April 28th. Barclays increased their target price on Evergy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 22nd. Finally, LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a report on Monday, March 17th. Six investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $70.92.

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.