Evergy, Inc. (NASDAQ:EVRG) Holdings Raised by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S grew its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 16.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,873 shares of the company’s stock after acquiring an additional 973 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Evergy were worth $423,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Evergy by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 30,665,885 shares of the company’s stock worth $1,887,485,000 after purchasing an additional 221,086 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Evergy by 2.3% in the 4th quarter. Franklin Resources Inc. now owns 5,660,930 shares of the company’s stock valued at $348,430,000 after purchasing an additional 128,211 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Evergy by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 5,637,257 shares of the company’s stock valued at $346,063,000 after purchasing an additional 133,641 shares during the last quarter. American Century Companies Inc. increased its position in Evergy by 3.8% during the fourth quarter. American Century Companies Inc. now owns 3,555,122 shares of the company’s stock worth $218,818,000 after buying an additional 130,804 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in Evergy by 2.2% during the fourth quarter. Federated Hermes Inc. now owns 3,434,216 shares of the company’s stock valued at $211,376,000 after buying an additional 73,066 shares in the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Evergy Trading Up 0.2 %

Evergy stock opened at $68.28 on Friday. The business has a 50 day moving average price of $67.28 and a two-hundred day moving average price of $64.14. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a 12 month low of $51.69 and a 12 month high of $70.30. The stock has a market cap of $15.71 billion, a price-to-earnings ratio of 18.45, a price-to-earnings-growth ratio of 2.82 and a beta of 0.52.

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 the consensus estimate of $0.46 by ($0.11). The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. As a group, equities analysts forecast that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Barclays upped their price target on Evergy from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday. UBS Group upped their price objective on shares of Evergy from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH upgraded shares of Evergy to a “strong-buy” rating in a report on Monday, March 17th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Evergy presently has a consensus rating of “Buy” and an average price target of $69.25.

About Evergy

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.