Wexford Capital LP Buys 12,801 Shares of Evergy, Inc. (NASDAQ:EVRG)

Wexford Capital LP lifted its stake in Evergy, Inc. (NASDAQ:EVRG) by 15.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 97,727 shares of the company’s stock after purchasing an additional 12,801 shares during the period. Evergy accounts for approximately 1.0% of Wexford Capital LP’s holdings, making the stock its 16th largest holding. Wexford Capital LP’s holdings in Evergy were worth $6,015,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. ExodusPoint Capital Management LP raised its stake in shares of Evergy by 164.8% in the 4th quarter. ExodusPoint Capital Management LP now owns 2,312,953 shares of the company’s stock valued at $142,362,000 after purchasing an additional 1,439,450 shares during the period. SG Americas Securities LLC raised its stake in shares of Evergy by 15,406.4% in the 4th quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock valued at $56,721,000 after purchasing an additional 915,603 shares during the period. Brandes Investment Partners LP acquired a new stake in shares of Evergy in the 4th quarter valued at about $55,652,000. Groupama Asset Managment increased its position in shares of Evergy by 3,216.6% in the fourth quarter. Groupama Asset Managment now owns 880,768 shares of the company’s stock valued at $54,211,000 after acquiring an additional 854,212 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Evergy in the fourth quarter valued at about $32,488,000. 87.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. BMO Capital Markets began coverage on Evergy in a report on Tuesday, May 13th. They set an “outperform” rating and a $75.00 price objective for the company. Barclays boosted their price objective on Evergy from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday, April 22nd. UBS Group upgraded Evergy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $68.00 to $78.00 in a research note on Monday, April 28th. Finally, Citigroup upped their target price on Evergy from $77.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday. Eight equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Evergy presently has a consensus rating of “Buy” and an average target price of $72.44.

Evergy Stock Performance

EVRG stock opened at $66.93 on Monday. The firm has a market cap of $15.40 billion, a PE ratio of 18.09, a P/E/G ratio of 2.82 and a beta of 0.53. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The business has a 50 day moving average of $67.31 and a 200-day moving average of $64.98. Evergy, Inc. has a 12-month low of $52.10 and a 12-month high of $70.36.

Evergy (NASDAQ:EVRG) last issued its quarterly 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). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The company had revenue of $1.37 billion for the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter in the previous year, the business earned $0.54 EPS. As a group, sell-side analysts expect that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors 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 yield of 3.99%. Evergy’s dividend payout ratio is 70.26%.

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.