Evergy, Inc. (NASDAQ:EVRG) Holdings Lifted by Edgemoor Investment Advisors Inc.

Edgemoor Investment Advisors Inc. grew its position in Evergy, Inc. (NASDAQ:EVRG) by 18.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 78,075 shares of the company’s stock after purchasing an additional 11,893 shares during the period. Edgemoor Investment Advisors Inc.’s holdings in Evergy were worth $4,806,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its stake in shares of Evergy by 131.4% in the 3rd quarter. FMR LLC now owns 2,004,414 shares of the company’s stock worth $124,294,000 after acquiring an additional 1,138,138 shares during the period. SG Americas Securities LLC raised its holdings in shares of Evergy by 15,406.4% during the fourth quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock valued at $56,721,000 after acquiring an additional 915,603 shares during the period. Brandes Investment Partners LP acquired a new position in Evergy in the 4th quarter valued at approximately $55,652,000. Charles Schwab Investment Management Inc. increased its stake in Evergy by 42.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,135,011 shares of the company’s stock valued at $132,392,000 after buying an additional 634,735 shares during the period. Finally, Point72 Asset Management L.P. increased its stake in Evergy by 25.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 2,848,735 shares of the company’s stock valued at $176,650,000 after buying an additional 583,923 shares during the period. Institutional investors own 87.24% of the company’s stock.

Evergy Price Performance

NASDAQ EVRG opened at $67.45 on Monday. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The company has a fifty day simple moving average of $65.02 and a 200 day simple moving average of $62.81. The company has a market cap of $15.51 billion, a P/E ratio of 18.23, a P/E/G ratio of 2.82 and a beta of 0.62. Evergy, Inc. has a 1 year low of $49.55 and a 1 year high of $69.93.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $1.24 billion. On average, sell-side analysts predict that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date is Monday, March 10th. Evergy’s dividend payout ratio (DPR) is presently 70.45%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. LADENBURG THALM/SH SH upgraded shares of Evergy from a “neutral” rating to a “buy” rating and upped their price objective for the company from $59.00 to $68.50 in a research note on Thursday, January 2nd. Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Barclays upped their price objective on shares of Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Evergy has a consensus rating of “Moderate Buy” and a consensus target price of $68.42.

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.