Schnieders Capital Management LLC Purchases New Position in Evergy, Inc. (NYSE:EVRG)

Schnieders Capital Management LLC purchased a new stake in Evergy, Inc. (NYSE:EVRG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 16,723 shares of the company's stock, valued at approximately $873,000.

Several other large investors have also added to or reduced their stakes in EVRG. Manning & Napier Group LLC increased its stake in Evergy by 76.6% in the 4th quarter. Manning & Napier Group LLC now owns 2,183,788 shares of the company's stock valued at $113,994,000 after buying an additional 947,196 shares during the last quarter. Federated Hermes Inc. lifted its holdings in shares of Evergy by 41.3% during the 4th quarter. Federated Hermes Inc. now owns 2,942,415 shares of the company's stock worth $153,594,000 after acquiring an additional 860,433 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Evergy by 228.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,029,495 shares of the company's stock worth $52,195,000 after purchasing an additional 715,892 shares during the period. Panagora Asset Management Inc. increased its position in shares of Evergy by 706.1% in the third quarter. Panagora Asset Management Inc. now owns 495,951 shares of the company's stock valued at $25,145,000 after acquiring an additional 434,425 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Evergy by 19.9% in the third quarter. Bank of New York Mellon Corp now owns 2,548,598 shares of the company's stock valued at $129,214,000 after acquiring an additional 422,152 shares during the period. Institutional investors own 87.24% of the company's stock.

Evergy Stock Down 0.0 %

Shares of NYSE EVRG traded down $0.01 during midday trading on Tuesday, hitting $52.25. The company's stock had a trading volume of 1,938,455 shares, compared to its average volume of 2,559,476. The business's fifty day simple moving average is $51.25 and its two-hundred day simple moving average is $50.97. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.51 and a quick ratio of 0.29. Evergy, Inc. has a 1 year low of $46.92 and a 1 year high of $63.84. The firm has a market capitalization of $12.00 billion, a price-to-earnings ratio of 16.43, a price-to-earnings-growth ratio of 2.70 and a beta of 0.57.

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

Evergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were issued a dividend of $0.6425 per share. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date of this dividend was Friday, March 8th. Evergy's payout ratio is currently 80.82%.

Analyst Upgrades and Downgrades

EVRG has been the topic of several analyst reports. Bank of America upgraded shares of Evergy from a "neutral" rating to a "buy" rating and upped their target price for the stock from $51.00 to $57.00 in a research note on Wednesday, March 13th. Barclays lifted their price objective on shares of Evergy from $54.00 to $55.00 and gave the stock an "overweight" rating in a research note on Thursday, March 14th. Guggenheim cut shares of Evergy from a "buy" rating to a "neutral" rating and set a $52.00 price target for the company. in a research note on Monday, January 22nd. Wells Fargo & Company dropped their price target on shares of Evergy from $60.00 to $57.00 and set an "overweight" rating for the company in a research note on Friday, March 1st. Finally, Citigroup initiated coverage on shares of Evergy in a report on Tuesday, March 26th. They set a "buy" rating and a $64.00 price objective for the company. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Evergy has an average rating of "Moderate Buy" and a consensus price target of $56.00.

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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