Zurcher Kantonalbank Zurich Cantonalbank Purchases 5,407 Shares of Evergy, Inc. (NYSE:EVRG)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Evergy, Inc. (NYSE:EVRG) by 11.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,288 shares of the company’s stock after purchasing an additional 5,407 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Evergy were worth $2,834,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Atwood & Palmer Inc. boosted its position in shares of Evergy by 30.5% during the fourth quarter. Atwood & Palmer Inc. now owns 855 shares of the company’s stock worth $45,000 after purchasing an additional 200 shares in the last quarter. IFM Investors Pty Ltd lifted its position in Evergy by 0.3% in the 4th quarter. IFM Investors Pty Ltd now owns 73,111 shares of the company’s stock valued at $3,816,000 after acquiring an additional 206 shares in the last quarter. Raleigh Capital Management Inc. lifted its position in Evergy by 4.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 5,531 shares of the company’s stock valued at $280,000 after acquiring an additional 211 shares in the last quarter. Global Retirement Partners LLC lifted its position in Evergy by 13.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,821 shares of the company’s stock valued at $96,000 after acquiring an additional 216 shares in the last quarter. Finally, Caprock Group LLC lifted its position in Evergy by 4.0% in the 3rd quarter. Caprock Group LLC now owns 5,751 shares of the company’s stock valued at $292,000 after acquiring an additional 222 shares in the last quarter. 87.24% of the stock is owned by institutional investors.

Evergy Trading Up 1.0 %

Shares of NYSE:EVRG opened at $52.26 on Tuesday. The stock has a market capitalization of $12.01 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 2.70 and a beta of 0.57. The company’s 50-day moving average price is $51.19 and its two-hundred day moving average price is $50.94. Evergy, Inc. has a one year low of $46.92 and a one year high of $63.84. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.51 and a quick ratio of 0.29.

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

Evergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were issued a dividend of $0.6425 per share. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date was Friday, March 8th. Evergy’s dividend payout ratio (DPR) is presently 80.82%.

Analysts Set New Price Targets

EVRG has been the topic of several research reports. LADENBURG THALM/SH SH initiated coverage on shares of Evergy in a research report on Thursday, April 4th. They issued a “neutral” rating and a $51.00 price objective on the stock. Barclays boosted their price objective on shares of Evergy from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. Wells Fargo & Company cut their price target on shares of Evergy from $60.00 to $57.00 and set an “overweight” rating on the stock in a research report on Friday, March 1st. Citigroup began coverage on shares of Evergy in a research report on Tuesday, March 26th. They set a “buy” rating and a $64.00 price target on the stock. Finally, Guggenheim cut shares of Evergy from a “buy” rating to a “neutral” rating and set a $52.00 price target on the stock. in a research report on Monday, January 22nd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target 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.