Evergy, Inc. (NYSE:EVRG) Holdings Raised by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. grew its position in Evergy, Inc. (NYSE:EVRG) by 0.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 46,821 shares of the company’s stock after buying an additional 432 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Evergy were worth $2,445,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. DekaBank Deutsche Girozentrale grew its stake in Evergy by 1.1% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 38,534 shares of the company’s stock worth $2,009,000 after buying an additional 438 shares during the last quarter. Prime Capital Investment Advisors LLC purchased a new stake in Evergy in the 4th quarter worth about $373,000. Allworth Financial LP lifted its stake in Evergy by 15.0% in the 4th quarter. Allworth Financial LP now owns 5,227 shares of the company’s stock worth $273,000 after acquiring an additional 682 shares in the last quarter. Kempner Capital Management Inc. purchased a new stake in Evergy in the 4th quarter worth about $3,344,000. Finally, International Assets Investment Management LLC purchased a new stake in Evergy in the 4th quarter worth about $23,900,000. 87.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

EVRG has been the subject of several research analyst reports. Citigroup initiated coverage on Evergy in a research note on Tuesday, March 26th. They issued a “buy” rating and a $64.00 price objective for the company. LADENBURG THALM/SH SH assumed coverage on Evergy in a research report on Thursday, April 4th. They issued a “neutral” rating and a $51.00 target price on the stock. Barclays upped their target price on Evergy from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. Guggenheim lowered Evergy from a “buy” rating to a “neutral” rating and set a $52.00 target price on the stock. in a research report on Monday, January 22nd. Finally, Wells Fargo & Company dropped their target price on Evergy from $60.00 to $57.00 and set an “overweight” rating on the stock in a research report on Friday, March 1st. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Evergy currently has an average rating of “Moderate Buy” and a consensus price target of $56.00.

Evergy Stock Performance

Shares of NYSE EVRG opened at $50.96 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.29 and a current ratio of 0.51. The firm has a market cap of $11.71 billion, a price-to-earnings ratio of 16.03, a P/E/G ratio of 2.58 and a beta of 0.57. The business’s 50-day simple moving average is $51.08 and its 200-day simple moving average is $50.86. Evergy, Inc. has a 52 week low of $46.92 and a 52 week high of $63.84.

Evergy (NYSE:EVRG) last announced its earnings results on Thursday, February 29th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.03). Evergy had a net margin of 13.28% and a return on equity of 8.47%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the company earned $0.30 EPS. As a group, equities research analysts expect that Evergy, Inc. will post 3.84 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 22nd. Investors of record on Monday, March 11th were paid a dividend of $0.6425 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $2.57 annualized dividend and a yield of 5.04%. Evergy’s payout ratio is 80.82%.

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.