Signaturefd LLC Boosts Stock Position in Evergy, Inc. (NYSE:EVRG)

Signaturefd LLC boosted its holdings in shares of Evergy, Inc. (NYSE:EVRG) by 309.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,095 shares of the company’s stock after acquiring an additional 3,095 shares during the quarter. Signaturefd LLC’s holdings in Evergy were worth $214,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of EVRG. Exchange Traded Concepts LLC raised its position in Evergy by 3.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 10,457 shares of the company’s stock valued at $530,000 after purchasing an additional 311 shares in the last quarter. Caprock Group LLC raised its position in Evergy by 4.0% during the 3rd quarter. Caprock Group LLC now owns 5,751 shares of the company’s stock valued at $292,000 after purchasing an additional 222 shares in the last quarter. Czech National Bank raised its position in shares of Evergy by 47.7% in the 3rd quarter. Czech National Bank now owns 40,147 shares of the company’s stock worth $2,035,000 after acquiring an additional 12,958 shares in the last quarter. Valeo Financial Advisors LLC bought a new position in shares of Evergy in the 3rd quarter worth $247,000. Finally, Manning & Napier Group LLC raised its position in shares of Evergy by 0.5% in the 3rd quarter. Manning & Napier Group LLC now owns 1,236,592 shares of the company’s stock worth $62,695,000 after acquiring an additional 6,485 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Evergy Price Performance

Shares of EVRG opened at $51.69 on Friday. The firm has a market capitalization of $11.88 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 2.73 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. Evergy, Inc. has a 1-year low of $46.92 and a 1-year high of $63.39. The company’s fifty day moving average price is $51.39 and its 200-day moving average price is $51.00.

Evergy (NYSE:EVRG) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Evergy had a net margin of 13.28% and a return on equity of 8.47%. During the same period last year, the firm earned $0.30 earnings per share. On average, equities research analysts predict that Evergy, Inc. will post 3.84 EPS for the current 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 given a dividend of $0.6425 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $2.57 dividend on an annualized basis and a yield of 4.97%. Evergy’s dividend payout ratio is presently 80.82%.

Evergy 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.