Evergy, Inc. (NASDAQ:EVRG) Stake Boosted by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD raised its stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,364,401 shares of the company's stock after acquiring an additional 15,667 shares during the period. Price T Rowe Associates Inc. MD owned 0.59% of Evergy worth $83,980,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. LADENBURG THALM/SH SH raised Evergy to a "strong-buy" rating in a report on Monday, March 17th. Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. UBS Group raised Evergy from a "neutral" rating to a "buy" rating and increased their price target for the stock from $68.00 to $78.00 in a research note on Monday, April 28th. Finally, Barclays raised their price target on Evergy from $72.00 to $73.00 and gave the company an "overweight" rating in a report on Tuesday, April 22nd. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $70.92.

Evergy Price Performance

Shares of EVRG stock traded up $0.82 during mid-day trading on Friday, hitting $69.25. 1,598,198 shares of the stock traded hands, compared to its average volume of 1,948,421. Evergy, Inc. has a twelve month low of $52.10 and a twelve month high of $70.30. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The company's 50-day simple moving average is $67.40 and its 200-day simple moving average is $64.54. The firm has a market cap of $15.93 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 2.82 and a beta of 0.52.

Evergy (NASDAQ:EVRG - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.11). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. As a group, equities research analysts expect that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

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

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.