Stifel Financial Corp Boosts Stake in Evergy, Inc. (NASDAQ:EVRG)

Stifel Financial Corp boosted its stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 301,447 shares of the company's stock after acquiring an additional 28,133 shares during the period. Stifel Financial Corp owned 0.13% of Evergy worth $18,554,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EVRG. Allworth Financial LP raised its stake in Evergy by 84.6% during the fourth quarter. Allworth Financial LP now owns 7,975 shares of the company's stock valued at $501,000 after buying an additional 3,654 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Evergy in the 4th quarter valued at approximately $49,000. Hennion & Walsh Asset Management Inc. boosted its stake in Evergy by 23.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 10,692 shares of the company's stock valued at $658,000 after purchasing an additional 2,004 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Evergy by 15,406.4% in the 4th quarter. SG Americas Securities LLC now owns 921,546 shares of the company's stock worth $56,721,000 after purchasing an additional 915,603 shares in the last quarter. Finally, Kingsview Wealth Management LLC purchased a new position in shares of Evergy in the fourth quarter worth $214,000. 87.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Evergy Trading Down 0.5 %

Evergy stock traded down $0.35 during trading hours on Thursday, hitting $68.75. The company had a trading volume of 441,599 shares, compared to its average volume of 2,241,434. 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 firm has a market cap of $15.81 billion, a P/E ratio of 18.57, a P/E/G ratio of 2.82 and a beta of 0.52. The company has a 50-day moving average price of $67.39 and a two-hundred day moving average price of $64.40. Evergy, Inc. has a 1 year low of $52.10 and a 1 year high of $70.30.

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

Evergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were paid a $0.6675 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.88%. Evergy's payout ratio is 70.45%.

About Evergy

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.