Sagefield Capital LP Purchases 21,734 Shares of Evergy, Inc. (NASDAQ:EVRG)

Sagefield Capital LP raised its position in Evergy, Inc. (NASDAQ:EVRG) by 27.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 101,024 shares of the company’s stock after buying an additional 21,734 shares during the period. Sagefield Capital LP’s holdings in Evergy were worth $6,218,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in Evergy by 7.2% during the 3rd quarter. Principal Financial Group Inc. now owns 278,197 shares of the company’s stock worth $17,251,000 after buying an additional 18,595 shares during the period. Czech National Bank increased its holdings in Evergy by 6.4% during the 4th quarter. Czech National Bank now owns 49,865 shares of the company’s stock worth $3,069,000 after purchasing an additional 3,021 shares in the last quarter. Wedmont Private Capital bought a new position in shares of Evergy in the 4th quarter valued at about $211,000. Park Avenue Securities LLC grew its holdings in shares of Evergy by 18.3% in the 4th quarter. Park Avenue Securities LLC now owns 7,810 shares of the company’s stock valued at $481,000 after acquiring an additional 1,208 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Evergy by 33.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,427 shares of the company’s stock valued at $88,000 after acquiring an additional 359 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors.

Evergy Price Performance

Shares of EVRG opened at $66.93 on Friday. The stock has a market cap of $15.40 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 2.82 and a beta of 0.53. 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 $52.10 and a fifty-two week high of $70.36. The firm’s 50-day simple moving average is $67.31 and its two-hundred day simple moving average is $64.91.

Evergy (NASDAQ:EVRG) last issued its earnings results on Thursday, May 8th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.12). The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.21 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. During the same quarter in the prior year, the company posted $0.54 EPS. Analysts anticipate that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Friday, May 23rd will be paid a $0.6675 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.99%. Evergy’s payout ratio is currently 70.26%.

Analyst Upgrades and Downgrades

EVRG has been the subject of a number of research analyst reports. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. UBS Group upgraded shares of Evergy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $68.00 to $78.00 in a research report on Monday, April 28th. BMO Capital Markets assumed coverage on shares of Evergy in a research report on Tuesday. They set an “outperform” rating and a $75.00 price objective for the company. Barclays boosted their target price on shares of Evergy from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 22nd. Finally, LADENBURG THALM/SH SH raised shares of Evergy to a “strong-buy” rating in a research note on Thursday, May 8th. Eight research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $72.44.

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.