19,716 Shares in Evergy, Inc. (NASDAQ:EVRG) Bought by Johnson Financial Group Inc.

Johnson Financial Group Inc. purchased a new position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 19,716 shares of the company's stock, valued at approximately $1,265,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EVRG. Miller Howard Investments Inc. NY lifted its holdings in Evergy by 1.4% in the fourth quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company's stock valued at $723,000 after buying an additional 162 shares during the period. Quent Capital LLC lifted 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 purchasing an additional 163 shares during the period. Mather Group LLC. lifted 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 purchasing an additional 173 shares during the period. Wealthcare Advisory Partners LLC grew its stake in Evergy by 2.5% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 7,322 shares of the company's stock worth $451,000 after purchasing an additional 182 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its holdings in Evergy by 5.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,873 shares of the company's stock worth $238,000 after purchasing an additional 190 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company's stock.

Evergy Stock Up 0.9 %

EVRG stock traded up $0.60 during mid-day trading on Friday, reaching $69.03. 711,417 shares of the company traded hands, compared to its average volume of 1,950,281. The stock has a market cap of $15.88 billion, a price-to-earnings ratio of 18.66, a P/E/G ratio of 2.82 and a beta of 0.52. Evergy, Inc. has a fifty-two week low of $52.10 and a fifty-two week high of $70.30. The firm's 50 day moving average price is $67.39 and its 200 day moving average price is $64.46. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15.

Evergy (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings results 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 return on equity of 8.77% and a net margin of 14.77%. The company had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. As a group, equities research analysts predict that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 3.87%. The ex-dividend date of this dividend was Monday, March 10th. Evergy's payout ratio is 70.45%.

Analysts Set New Price Targets

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

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.