IHT Wealth Management LLC Raises Stake in Evergy, Inc. (NASDAQ:EVRG)

IHT Wealth Management LLC grew its position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 307.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 40,276 shares of the company's stock after purchasing an additional 30,402 shares during the quarter. IHT Wealth Management LLC's holdings in Evergy were worth $2,479,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Miller Howard Investments Inc. NY increased its stake in shares of Evergy by 1.4% in the 4th quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company's stock valued at $723,000 after acquiring an additional 162 shares in the last quarter. Quent Capital LLC increased its stake in shares of Evergy by 4.6% in the 4th quarter. Quent Capital LLC now owns 3,692 shares of the company's stock valued at $227,000 after acquiring an additional 163 shares in the last quarter. Mather Group LLC. increased its stake in shares of Evergy by 5.7% in the 4th quarter. Mather Group LLC. now owns 3,231 shares of the company's stock valued at $199,000 after acquiring an additional 173 shares in the last quarter. Wealthcare Advisory Partners LLC increased its stake in shares of Evergy by 2.5% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 7,322 shares of the company's stock valued at $451,000 after acquiring an additional 182 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in Evergy by 5.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 3,873 shares of the company's stock valued at $238,000 after purchasing an additional 190 shares in the last quarter. Institutional investors own 87.24% of the company's stock.

Evergy Stock Down 0.6 %

EVRG traded down $0.40 during mid-day trading on Friday, reaching $67.88. 1,972,293 shares of the stock were exchanged, compared to its average volume of 1,959,314. 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 stock has a market capitalization of $15.61 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 2.82 and a beta of 0.52. The company has a 50 day moving average price of $67.30 and a two-hundred day moving average price of $64.27. Evergy, Inc. has a 1 year low of $51.90 and a 1 year high of $70.30.

Evergy (NASDAQ:EVRG - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.11). The firm had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. As a group, research analysts anticipate that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date was Monday, March 10th. Evergy's dividend payout ratio (DPR) is currently 70.45%.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Guggenheim upgraded shares of Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Barclays boosted their price target on shares of Evergy from $72.00 to $73.00 and gave the company an "overweight" rating in a research note on Tuesday, April 22nd. LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a research note on Monday, March 17th. Finally, UBS Group boosted their price target on shares of Evergy from $66.00 to $68.00 and gave the company a "neutral" rating in a research note on Friday, March 21st. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Evergy has an average rating of "Buy" and an average target price of $69.25.

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.