Price T Rowe Associates Inc. MD Raises Position in Evergy, Inc. (NASDAQ:EVRG)

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

A number of other large investors also recently made changes to their positions in the company. Yaupon Capital Management LP increased its holdings in Evergy by 1.6% in the 4th quarter. Yaupon Capital Management LP now owns 548,578 shares of the company's stock valued at $33,765,000 after buying an additional 8,416 shares during the period. IHT Wealth Management LLC grew its holdings in shares of Evergy by 307.9% during the 4th quarter. IHT Wealth Management LLC now owns 40,276 shares of the company's stock valued at $2,479,000 after purchasing an additional 30,402 shares during the last quarter. Stifel Financial Corp lifted its stake in Evergy by 10.3% in the 4th quarter. Stifel Financial Corp now owns 301,447 shares of the company's stock valued at $18,554,000 after purchasing an additional 28,133 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of Evergy by 1.8% during the fourth quarter. MetLife Investment Management LLC now owns 60,738 shares of the company's stock worth $3,738,000 after buying an additional 1,074 shares in the last quarter. Finally, Natixis grew its position in Evergy by 334.7% during the 4th quarter. Natixis now owns 363,652 shares of the company's stock worth $22,383,000 after acquiring an additional 279,988 shares during the last quarter. Institutional investors own 87.24% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on EVRG. Guggenheim raised Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Barclays upped their target price on Evergy from $72.00 to $73.00 and gave the company an "overweight" rating in a research report on Tuesday, April 22nd. LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a research report on Monday, March 17th. Finally, UBS Group upgraded Evergy from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $68.00 to $78.00 in a report on Monday. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Evergy 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 trading hours on Friday, reaching $69.25. The stock had a trading volume of 1,260,879 shares, compared to its average volume of 1,953,696. The stock's fifty day simple moving average is $67.39 and its 200 day simple moving average is $64.46. The firm has a market capitalization of $15.93 billion, a PE ratio of 18.71, a PEG ratio of 2.82 and a beta of 0.52. Evergy, Inc. has a 12 month low of $52.10 and a 12 month high of $70.30. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.

Evergy (NASDAQ:EVRG - Get Free Report) last posted its earnings results on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.11). The business had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. On average, equities research analysts predict that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued 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%.

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.