Investment Management Corp of Ontario Has $4.04 Million Position in Evergy, Inc. (NASDAQ:EVRG)

Investment Management Corp of Ontario increased its stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 761.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,549 shares of the company's stock after acquiring an additional 57,943 shares during the quarter. Investment Management Corp of Ontario's holdings in Evergy were worth $4,035,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of EVRG. Janus Henderson Group PLC increased its stake in Evergy by 2.6% in the fourth quarter. Janus Henderson Group PLC now owns 20,958 shares of the company's stock valued at $1,290,000 after purchasing an additional 527 shares in the last quarter. Gotham Asset Management LLC increased its position in Evergy by 40.5% in the 4th quarter. Gotham Asset Management LLC now owns 250,199 shares of the company's stock valued at $15,400,000 after buying an additional 72,126 shares in the last quarter. Focus Partners Wealth grew its stake in Evergy by 119.0% in the fourth quarter. Focus Partners Wealth now owns 12,852 shares of the company's stock valued at $802,000 after acquiring an additional 6,984 shares during the period. Ensign Peak Advisors Inc increased its stake in Evergy by 63.5% during the 4th quarter. Ensign Peak Advisors Inc now owns 129,293 shares of the company's stock valued at $7,958,000 after purchasing an additional 50,199 shares in the last quarter. Finally, Ethic Inc. raised its holdings in Evergy by 30.7% during the fourth quarter. Ethic Inc. now owns 15,729 shares of the company's stock worth $968,000 after buying an additional 3,691 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company's stock.

Evergy Stock Performance

Shares of EVRG opened at $66.60 on Friday. The stock has a 50 day moving average of $67.35 and a 200 day moving average of $64.78. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a 12 month low of $52.10 and a 12 month high of $70.36. The company has a market capitalization of $15.32 billion, a price-to-earnings ratio of 18.00, a PEG ratio of 2.82 and a beta of 0.53.

Evergy (NASDAQ:EVRG - Get Free Report) last released its 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 the consensus estimate of $1.21 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. During the same quarter in the previous year, the firm earned $0.54 earnings per share. As a group, sell-side analysts forecast that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Friday, May 23rd will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $2.67 annualized dividend and a dividend yield of 4.01%. Evergy's payout ratio is currently 70.45%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a report on Thursday. UBS Group raised Evergy from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $68.00 to $78.00 in a report on Monday, April 28th. Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. Finally, Barclays increased their price target on Evergy from $72.00 to $73.00 and gave the company an "overweight" rating in a research report on Tuesday, April 22nd. Six 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, the company presently has a consensus rating of "Buy" and an average target price of $70.92.

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.

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