EntryPoint Capital LLC Takes Position in Evergy, Inc. (NASDAQ:EVRG)

EntryPoint Capital LLC acquired a new stake in shares of Evergy, Inc. (NASDAQ:EVRG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 7,419 shares of the company’s stock, valued at approximately $457,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of EVRG. Lee Danner & Bass Inc. bought a new position in Evergy in the 4th quarter worth about $26,000. National Pension Service bought a new position in shares of Evergy in the fourth quarter worth approximately $30,000. Bank of Jackson Hole Trust bought a new position in shares of Evergy in the fourth quarter worth approximately $31,000. Truvestments Capital LLC purchased a new stake in Evergy in the third quarter valued at approximately $32,000. Finally, Sandy Spring Bank lifted its position in Evergy by 5,983.3% during the fourth 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 last quarter. Institutional investors own 87.24% of the company’s stock.

Evergy Stock Performance

Shares of EVRG stock opened at $66.17 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. Evergy, Inc. has a fifty-two week low of $49.55 and a fifty-two week high of $69.93. The stock has a 50 day moving average price of $65.96 and a two-hundred day moving average price of $63.19. The company has a market capitalization of $15.22 billion, a P/E ratio of 17.88, a PEG ratio of 2.82 and a beta of 0.62.

Evergy (NASDAQ:EVRG) last posted its 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). The firm 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%. Analysts expect that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.04%. The ex-dividend date of this dividend was Monday, March 10th. Evergy’s dividend payout ratio (DPR) is currently 70.45%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. LADENBURG THALM/SH SH raised Evergy to a “strong-buy” rating in a research note on Monday, March 17th. UBS Group raised their price target 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 upped their price objective on Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Evergy presently has an average rating of “Buy” and an average price target of $68.36.

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.