Northern Trust Corp Increases Stock Position in Evergy, Inc. (NASDAQ:EVRG)

Northern Trust Corp lifted its position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,345,119 shares of the company's stock after buying an additional 125,898 shares during the period. Northern Trust Corp owned approximately 1.02% of Evergy worth $144,342,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Evergy by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 30,665,885 shares of the company's stock worth $1,887,485,000 after purchasing an additional 221,086 shares during the period. Franklin Resources Inc. lifted its position in Evergy by 2.3% during the fourth quarter. Franklin Resources Inc. now owns 5,660,930 shares of the company's stock valued at $348,430,000 after buying an additional 128,211 shares in the last quarter. Geode Capital Management LLC lifted its position in Evergy by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 5,637,257 shares of the company's stock valued at $346,063,000 after buying an additional 133,641 shares in the last quarter. American Century Companies Inc. grew its stake in Evergy by 3.8% during the fourth quarter. American Century Companies Inc. now owns 3,555,122 shares of the company's stock worth $218,818,000 after buying an additional 130,804 shares during the period. Finally, Federated Hermes Inc. increased its position in shares of Evergy by 2.2% in the fourth quarter. Federated Hermes Inc. now owns 3,434,216 shares of the company's stock worth $211,376,000 after acquiring an additional 73,066 shares in the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Stock Performance

Shares of EVRG opened at $69.25 on Friday. The firm has a market cap of $15.93 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 2.82 and a beta of 0.52. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The business's 50 day moving average is $67.40 and its two-hundred day moving average is $64.52. Evergy, Inc. has a 52-week low of $52.10 and a 52-week high of $70.30.

Evergy (NASDAQ:EVRG - Get Free Report) last posted 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 net margin of 14.77% and a return on equity of 8.77%. The company had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. Analysts forecast that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. UBS Group raised shares of Evergy from a "neutral" rating to a "buy" rating and upped their price target for the stock from $68.00 to $78.00 in a research report on Monday. LADENBURG THALM/SH SH upgraded Evergy to a "strong-buy" rating in a report on Monday, March 17th. Barclays upped 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. Finally, Guggenheim upgraded shares of Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus 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.

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