Evergy, Inc. (NASDAQ:EVRG) Shares Acquired by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC lifted its holdings in shares of Evergy, Inc. (NASDAQ:EVRG) by 3.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,976 shares of the company’s stock after acquiring an additional 249 shares during the period. United Capital Financial Advisors LLC’s holdings in Evergy were worth $491,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in EVRG. Lee Danner & Bass Inc. acquired a new position in shares of Evergy in the 4th quarter valued at $26,000. National Pension Service purchased a new position in shares of Evergy during the fourth quarter worth about $30,000. Bank of Jackson Hole Trust acquired a new stake in shares of Evergy during the fourth quarter worth about $31,000. Sandy Spring Bank boosted its position in shares of 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. purchased a new position in Evergy during the 4th quarter worth approximately $49,000. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Price Performance

Evergy stock opened at $68.37 on Monday. 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 one year low of $51.49 and a one year high of $70.30. The company has a market cap of $15.73 billion, a P/E ratio of 18.48, a price-to-earnings-growth ratio of 2.82 and a beta of 0.52. The business has a fifty day moving average of $67.18 and a two-hundred day moving average of $63.98.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) 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 company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. As a group, analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date was Monday, March 10th. Evergy’s payout ratio is currently 70.45%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Barclays upped their target price on shares of Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, March 7th. UBS Group increased their price objective on Evergy from $66.00 to $68.00 and gave the stock a “neutral” rating in a research report on Friday, March 21st. Finally, LADENBURG THALM/SH SH upgraded Evergy to a “strong-buy” rating in a research note on Monday, March 17th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $69.08.

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.