Diametric Capital LP Acquires Shares of 3,543 Evergy, Inc. (NASDAQ:EVRG)

Diametric Capital LP bought a new position in Evergy, Inc. (NASDAQ:EVRG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,543 shares of the company’s stock, valued at approximately $218,000.

Several other institutional investors and hedge funds have also recently modified their holdings of EVRG. Vanguard Group Inc. lifted its stake in shares of Evergy by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 30,665,885 shares of the company’s stock worth $1,887,485,000 after buying an additional 221,086 shares in the last quarter. Franklin Resources Inc. raised its holdings in Evergy by 2.3% in the 4th quarter. Franklin Resources Inc. now owns 5,660,930 shares of the company’s stock worth $348,430,000 after acquiring an additional 128,211 shares during the last quarter. American Century Companies Inc. lifted its position in Evergy by 3.8% in the 4th quarter. American Century Companies Inc. now owns 3,555,122 shares of the company’s stock valued at $218,818,000 after acquiring an additional 130,804 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Evergy by 9.1% during the 4th quarter. Bank of New York Mellon Corp now owns 3,085,401 shares of the company’s stock valued at $189,906,000 after purchasing an additional 256,978 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in Evergy by 25.8% during 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 purchasing an additional 583,923 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors.

Evergy Stock Performance

EVRG opened at $69.43 on Thursday. Evergy, Inc. has a 12-month low of $49.55 and a 12-month high of $69.93. The company’s 50 day moving average is $66.61 and its 200 day moving average is $63.50. 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 market cap of $15.97 billion, a price-to-earnings ratio of 18.76, a PEG ratio of 2.82 and a beta of 0.62.

Evergy (NASDAQ:EVRG) last released its 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 company 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%. On average, equities research analysts predict that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $0.6675 per share. The ex-dividend date was Monday, March 10th. This represents a $2.67 annualized dividend and a dividend yield of 3.85%. Evergy’s payout ratio is 70.45%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on EVRG. Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. LADENBURG THALM/SH SH raised shares of Evergy to a “strong-buy” rating in a report on Monday, March 17th. UBS Group lifted their price target on shares of Evergy from $66.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday, March 21st. Finally, Barclays raised their target price on shares of Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $69.08.

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.