Integrated Wealth Concepts LLC Acquires 4,392 Shares of Evergy, Inc. (NASDAQ:EVRG)

Integrated Wealth Concepts LLC boosted its stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 70.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 10,586 shares of the company's stock after buying an additional 4,392 shares during the period. Integrated Wealth Concepts LLC's holdings in Evergy were worth $652,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of EVRG. ExodusPoint Capital Management LP increased its holdings in shares of Evergy by 164.8% during the fourth quarter. ExodusPoint Capital Management LP now owns 2,312,953 shares of the company's stock worth $142,362,000 after purchasing an additional 1,439,450 shares during the period. SG Americas Securities LLC grew its position in Evergy by 15,406.4% during the fourth quarter. SG Americas Securities LLC now owns 921,546 shares of the company's stock worth $56,721,000 after buying an additional 915,603 shares in the last quarter. Brandes Investment Partners LP bought a new stake in shares of Evergy during the 4th quarter valued at $55,652,000. Groupama Asset Managment grew its holdings in shares of Evergy by 3,216.6% during the 4th quarter. Groupama Asset Managment now owns 880,768 shares of the company's stock worth $54,211,000 after purchasing an additional 854,212 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Evergy in the fourth quarter worth $32,488,000. 87.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on EVRG. UBS Group raised shares of Evergy from a "neutral" rating to a "buy" rating and raised their target price for the company from $68.00 to $78.00 in a report on Monday, April 28th. Barclays boosted their price objective on shares of Evergy from $72.00 to $73.00 and gave the company an "overweight" rating in a research report on Tuesday, April 22nd. Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH raised Evergy to a "strong-buy" rating in a report on Monday, March 17th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Evergy has an average rating of "Buy" and an average target price of $70.92.

Evergy Price Performance

EVRG stock traded up $0.82 during midday trading on Friday, reaching $69.25. 1,598,198 shares of the stock were exchanged, compared to its average volume of 1,948,421. Evergy, Inc. has a 52 week low of $52.10 and a 52 week high of $70.30. The company has a fifty day moving average price of $67.40 and a 200 day moving average price of $64.57. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. The stock has a market capitalization of $15.93 billion, a PE ratio of 18.72, a P/E/G ratio of 2.82 and a beta of 0.53.

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

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a $0.6675 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.67 annualized dividend and a dividend yield of 3.86%. Evergy's dividend payout ratio is 70.45%.

Evergy Company 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.