Daiwa Securities Group Inc. Has $1.08 Million Stock Holdings in Evergy, Inc. (NYSE:EVRG)

Daiwa Securities Group Inc. trimmed its position in Evergy, Inc. (NYSE:EVRG) by 24.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,728 shares of the company’s stock after selling 6,737 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Evergy were worth $1,082,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Evergy by 11.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 54,288 shares of the company’s stock worth $2,834,000 after buying an additional 5,407 shares during the last quarter. CTC Alternative Strategies Ltd. acquired a new stake in shares of Evergy in the fourth quarter worth $1,121,000. Conning Inc. lifted its stake in shares of Evergy by 1.6% in the fourth quarter. Conning Inc. now owns 34,345 shares of the company’s stock worth $1,793,000 after buying an additional 553 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in Evergy during the fourth quarter worth $726,000. Finally, MV Capital Management Inc. increased its position in Evergy by 3,263.6% during the fourth quarter. MV Capital Management Inc. now owns 740 shares of the company’s stock worth $39,000 after acquiring an additional 718 shares during the period. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Evergy Trading Up 0.4 %

Shares of Evergy stock opened at $52.48 on Thursday. The firm has a market capitalization of $12.06 billion, a PE ratio of 16.50, a price-to-earnings-growth ratio of 2.72 and a beta of 0.57. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.51 and a quick ratio of 0.29. The company’s fifty day moving average price is $51.25 and its two-hundred day moving average price is $50.97. Evergy, Inc. has a 52-week low of $46.92 and a 52-week high of $63.84.

Evergy (NYSE:EVRG) last posted 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 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 the consensus estimate of $1.46 billion. During the same period in the previous year, the company posted $0.30 EPS. On average, analysts expect that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were issued a $0.6425 dividend. This represents a $2.57 annualized dividend and a dividend yield of 4.90%. The ex-dividend date was Friday, March 8th. Evergy’s payout ratio is 80.82%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company dropped their target price 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 assumed coverage on shares of Evergy in a research report on Tuesday, March 26th. They set a “buy” rating and a $64.00 target price on the stock. Bank of America raised shares of Evergy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $51.00 to $57.00 in a research report on Wednesday, March 13th. Barclays boosted their target price on shares of Evergy from $54.00 to $55.00 and gave the stock an “overweight” rating in a research report on Thursday, March 14th. Finally, Guggenheim lowered shares of Evergy from a “buy” rating to a “neutral” rating and set a $52.00 price target on the stock. in a report on Monday, January 22nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Evergy currently has an average rating of “Moderate Buy” and a consensus price target of $56.00.

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.