Susquehanna Fundamental Investments LLC Takes $13.44 Million Position in Evergy, Inc. (NASDAQ:EVRG)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 218,332 shares of the company's stock, valued at approximately $13,438,000. Susquehanna Fundamental Investments LLC owned 0.09% of Evergy at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in EVRG. Lee Danner & Bass Inc. bought a new position in Evergy in the fourth quarter worth approximately $26,000. National Pension Service bought a new position in shares of Evergy in the 4th quarter worth $30,000. Bank of Jackson Hole Trust acquired a new stake in Evergy in the 4th quarter valued at $31,000. Sandy Spring Bank grew its position in Evergy by 5,983.3% in the 4th quarter. Sandy Spring Bank now owns 730 shares of the company's stock valued at $45,000 after purchasing an additional 718 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in Evergy during the 4th quarter valued at $49,000. Institutional investors own 87.24% of the company's stock.

Analysts Set New Price Targets

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

Evergy Stock Performance

Shares of NASDAQ:EVRG traded down $0.67 during midday trading on Thursday, reaching $68.43. The company had a trading volume of 1,567,926 shares, compared to its average volume of 1,956,573. The stock has a market cap of $15.74 billion, a P/E ratio of 18.49, a P/E/G ratio of 2.82 and a beta of 0.52. 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, Inc. has a 52-week low of $52.10 and a 52-week high of $70.30. The company's 50 day moving average price is $67.39 and its 200 day moving average price is $64.40.

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

Evergy Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date was Monday, March 10th. Evergy's dividend payout ratio (DPR) is presently 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.