1,000 Shares in Evergy, Inc. (NYSE:EVRG) Bought by ICA Group Wealth Management LLC

ICA Group Wealth Management LLC bought a new stake in Evergy, Inc. (NYSE:EVRG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,000 shares of the company’s stock, valued at approximately $52,000.

Several other institutional investors have also recently bought and sold shares of EVRG. Point72 Asset Management L.P. grew its position in Evergy by 1,038.7% during the 4th quarter. Point72 Asset Management L.P. now owns 3,612,200 shares of the company’s stock worth $188,557,000 after acquiring an additional 3,294,967 shares during the last quarter. Balyasny Asset Management L.P. bought a new position in Evergy in the 4th quarter valued at approximately $89,832,000. Manning & Napier Group LLC boosted its position in Evergy by 76.6% during the 4th quarter. Manning & Napier Group LLC now owns 2,183,788 shares of the company’s stock worth $113,994,000 after buying an additional 947,196 shares during the period. Federated Hermes Inc. increased its position in Evergy by 41.3% in the 4th quarter. Federated Hermes Inc. now owns 2,942,415 shares of the company’s stock valued at $153,594,000 after acquiring an additional 860,433 shares during the period. Finally, UBS Group AG raised its stake in shares of Evergy by 135.8% during the fourth quarter. UBS Group AG now owns 1,492,588 shares of the company’s stock valued at $77,913,000 after acquiring an additional 859,628 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EVRG. Wells Fargo & Company decreased their price objective on Evergy from $60.00 to $57.00 and set an “overweight” rating for the company in a report on Friday, March 1st. Citigroup began coverage on Evergy in a research report on Tuesday, March 26th. They set a “buy” rating and a $64.00 price objective for the company. LADENBURG THALM/SH SH initiated coverage on Evergy in a report on Thursday, April 4th. They issued a “neutral” rating and a $51.00 target price on the stock. Guggenheim lowered shares of Evergy from a “buy” rating to a “neutral” rating and set a $52.00 price target for the company. in a report on Monday, January 22nd. Finally, Bank of America upgraded shares of Evergy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $51.00 to $57.00 in a research report on Wednesday, March 13th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $56.00.

Evergy Trading Up 2.1 %

NYSE EVRG traded up $1.06 during trading hours on Monday, hitting $52.75. 2,010,700 shares of the company’s stock were exchanged, compared to its average volume of 2,524,806. The firm has a market cap of $12.12 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 2.69 and a beta of 0.57. The stock has a 50-day simple moving average of $51.39 and a 200 day simple moving average of $51.02. The company has a current ratio of 0.51, a quick ratio of 0.29 and a debt-to-equity ratio of 1.14. Evergy, Inc. has a 1-year low of $46.92 and a 1-year high of $63.39.

Evergy (NYSE:EVRG) last posted its quarterly earnings results on Thursday, February 29th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.46 billion. Evergy had a return on equity of 8.47% and a net margin of 13.28%. During the same quarter in the previous year, the company posted $0.30 earnings per share. On average, equities analysts forecast that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were issued a $0.6425 dividend. This represents a $2.57 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date was Friday, March 8th. Evergy’s payout ratio is 80.82%.

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.