Evergy, Inc. (NYSE:EVRG) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. increased its holdings in Evergy, Inc. (NYSE:EVRG - Free Report) by 41.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,942,415 shares of the company's stock after buying an additional 860,433 shares during the period. Federated Hermes Inc. owned about 1.28% of Evergy worth $153,594,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of EVRG. Red Tortoise LLC increased its position in shares of Evergy by 793.5% during the first quarter. Red Tortoise LLC now owns 411 shares of the company's stock worth $25,000 after purchasing an additional 365 shares in the last quarter. Clear Street Markets LLC increased its position in shares of Evergy by 92.7% during the first quarter. Clear Street Markets LLC now owns 451 shares of the company's stock worth $28,000 after purchasing an additional 217 shares in the last quarter. CVA Family Office LLC acquired a new position in shares of Evergy during the fourth quarter worth $29,000. Armstrong Advisory Group Inc. increased its position in shares of Evergy by 57.2% during the third quarter. Armstrong Advisory Group Inc. now owns 632 shares of the company's stock worth $32,000 after purchasing an additional 230 shares in the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new position in shares of Evergy during the third quarter worth $35,000. Institutional investors own 87.24% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on EVRG shares. LADENBURG THALM/SH SH assumed coverage on Evergy in a research report on Thursday, April 4th. They set a "neutral" rating and a $51.00 price target on the stock. Bank of America raised shares of Evergy from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $51.00 to $57.00 in a report on Wednesday, March 13th. Wells Fargo & Company dropped their price objective on shares of Evergy from $60.00 to $57.00 and set an "overweight" rating on the stock in a report on Friday, March 1st. Barclays boosted their price objective on shares of Evergy from $54.00 to $55.00 and gave the company an "overweight" rating in a report on Thursday, March 14th. Finally, Citigroup assumed coverage on shares of Evergy in a report on Tuesday, March 26th. They set a "buy" rating and a $64.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $56.00.

Evergy Stock Performance

NYSE:EVRG traded up $0.43 during mid-day trading on Thursday, hitting $50.96. The company's stock had a trading volume of 1,713,025 shares, compared to its average volume of 2,596,170. Evergy, Inc. has a 1 year low of $46.92 and a 1 year high of $63.84. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.51 and a quick ratio of 0.29. The stock has a market cap of $11.71 billion, a price-to-earnings ratio of 16.03, a PEG ratio of 2.58 and a beta of 0.57. The business's fifty day moving average is $51.08 and its two-hundred day moving average is $50.86.

Evergy (NYSE:EVRG - Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.03). Evergy had a net margin of 13.28% and a return on equity of 8.47%. The business had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.46 billion. During the same period in the previous year, the company posted $0.30 earnings per share. Analysts anticipate that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were issued a $0.6425 dividend. This represents a $2.57 annualized dividend and a yield of 5.04%. The ex-dividend date of this dividend was Friday, March 8th. Evergy's payout ratio is 80.82%.

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.