527,837 Shares in Evergy, Inc. (NASDAQ:EVRG) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 527,837 shares of the company's stock, valued at approximately $32,488,000. Raymond James Financial Inc. owned approximately 0.23% of Evergy at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in EVRG. ExodusPoint Capital Management LP increased its position in shares of Evergy by 164.8% during the 4th quarter. ExodusPoint Capital Management LP now owns 2,312,953 shares of the company's stock valued at $142,362,000 after purchasing an additional 1,439,450 shares during the period. SG Americas Securities LLC grew its holdings in Evergy by 15,406.4% during the fourth quarter. SG Americas Securities LLC now owns 921,546 shares of the company's stock worth $56,721,000 after acquiring an additional 915,603 shares during the period. Brandes Investment Partners LP acquired a new position in Evergy during the fourth quarter worth about $55,652,000. Groupama Asset Managment raised its position in Evergy by 3,216.6% in the fourth quarter. Groupama Asset Managment now owns 880,768 shares of the company's stock worth $54,211,000 after acquiring an additional 854,212 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Evergy by 24.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,675,453 shares of the company's stock valued at $103,895,000 after acquiring an additional 330,464 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on EVRG. LADENBURG THALM/SH SH upgraded shares of 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 report on Thursday, January 23rd. UBS Group increased their price objective on Evergy from $66.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, March 21st. Finally, Barclays lifted their target price on Evergy from $72.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $69.25.

Evergy Stock Up 2.1 %

NASDAQ:EVRG traded up $1.41 during trading hours on Tuesday, hitting $68.36. 1,373,143 shares of the stock traded hands, compared to its average volume of 1,959,091. The firm has a 50 day moving average price of $67.22 and a 200 day moving average price of $64.05. The firm has a market cap of $15.72 billion, a price-to-earnings ratio of 18.48, a PEG ratio of 2.82 and a beta of 0.52. Evergy, Inc. has a fifty-two week low of $51.49 and a fifty-two week 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 quarterly earnings results on Thursday, February 27th. The company reported $0.35 earnings per share 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 analyst estimates of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. Equities research analysts anticipate that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 3.91%. The ex-dividend date was Monday, March 10th. Evergy's payout ratio is currently 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.