Simplicity Solutions LLC Buys 553 Shares of Evergy, Inc. (NYSE:EVRG)

Simplicity Solutions LLC raised its stake in shares of Evergy, Inc. (NYSE:EVRG) by 5.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,997 shares of the company’s stock after purchasing an additional 553 shares during the quarter. Simplicity Solutions LLC’s holdings in Evergy were worth $522,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of EVRG. Red Tortoise LLC lifted its holdings in shares of Evergy by 793.5% in the 1st quarter. Red Tortoise LLC now owns 411 shares of the company’s stock worth $25,000 after acquiring an additional 365 shares during the last quarter. Clear Street Markets LLC lifted its holdings in shares of Evergy by 92.7% in the 1st quarter. Clear Street Markets LLC now owns 451 shares of the company’s stock worth $28,000 after acquiring an additional 217 shares during the last quarter. CVA Family Office LLC bought a new stake in shares of Evergy in the 4th quarter worth approximately $29,000. Pacific Center for Financial Services bought a new stake in shares of Evergy in the 1st quarter worth approximately $37,000. Finally, Itau Unibanco Holding S.A. bought a new stake in shares of Evergy in the 3rd quarter worth approximately $35,000. 87.24% of the stock is currently owned by institutional investors.

Evergy Stock Up 0.9 %

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

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

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were given a dividend of $0.6425 per share. This represents a $2.57 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date was Friday, March 8th. Evergy’s payout ratio is currently 80.82%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Barclays boosted their price objective on shares of Evergy from $54.00 to $55.00 and gave the stock an “overweight” rating in a report on Thursday, March 14th. Citigroup assumed coverage on shares of Evergy in a report 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 shares of Evergy in a report on Thursday, April 4th. They issued a “neutral” rating and a $51.00 price objective for the company. Bank of America upgraded shares of Evergy from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $51.00 to $57.00 in a report on Wednesday, March 13th. Finally, Guggenheim downgraded shares of Evergy from a “buy” rating to a “neutral” rating and set a $52.00 target price on the stock. in a research note on Monday, January 22nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Evergy currently has a consensus rating of “Moderate Buy” and an average target price of $56.00.

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.