abrdn plc Purchases 10,297 Shares of Evergy, Inc. (NYSE:EVRG)

abrdn plc boosted its position in Evergy, Inc. (NYSE:EVRG) by 15.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,481 shares of the company’s stock after purchasing an additional 10,297 shares during the period. abrdn plc’s holdings in Evergy were worth $3,992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of EVRG. Atwood & Palmer Inc. grew its holdings in shares of Evergy by 30.5% in the fourth quarter. Atwood & Palmer Inc. now owns 855 shares of the company’s stock worth $45,000 after purchasing an additional 200 shares during the last quarter. IFM Investors Pty Ltd grew its stake in Evergy by 0.3% in the 4th quarter. IFM Investors Pty Ltd now owns 73,111 shares of the company’s stock worth $3,816,000 after acquiring an additional 206 shares in the last quarter. Raleigh Capital Management Inc. grew its stake in Evergy by 4.0% in the 3rd quarter. Raleigh Capital Management Inc. now owns 5,531 shares of the company’s stock worth $280,000 after acquiring an additional 211 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of Evergy by 13.5% during the fourth quarter. Global Retirement Partners LLC now owns 1,821 shares of the company’s stock worth $96,000 after acquiring an additional 216 shares during the period. Finally, New York Life Investment Management LLC raised its stake in shares of Evergy by 0.7% during the third quarter. New York Life Investment Management LLC now owns 32,654 shares of the company’s stock valued at $1,656,000 after acquiring an additional 224 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Analyst Upgrades and Downgrades

EVRG has been the topic of several research analyst reports. Wells Fargo & Company dropped their price objective on Evergy from $60.00 to $57.00 and set an “overweight” rating on the stock in a research note on Friday, March 1st. Bank of America raised Evergy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $51.00 to $57.00 in a research report on Wednesday, March 13th. Guggenheim downgraded Evergy from a “buy” rating to a “neutral” rating and set a $52.00 price objective for the company. in a report on Monday, January 22nd. Barclays upped their price objective on shares of Evergy from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. Finally, LADENBURG THALM/SH SH started coverage on shares of Evergy in a report on Thursday, April 4th. They set a “neutral” rating and a $51.00 target price on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $56.00.

Evergy Stock Down 1.4 %

Shares of NYSE EVRG opened at $51.69 on Monday. The stock has a market capitalization of $11.88 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 2.69 and a beta of 0.57. The company has a current ratio of 0.51, a quick ratio of 0.29 and a debt-to-equity ratio of 1.14. Evergy, Inc. has a 12-month low of $46.92 and a 12-month high of $63.39. The stock’s fifty day simple moving average is $51.39 and its two-hundred day simple moving average is $51.02.

Evergy (NYSE:EVRG) last issued 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 the consensus estimate of $1.46 billion. Evergy had a net margin of 13.28% and a return on equity of 8.47%. During the same period in the previous year, the business earned $0.30 EPS. As a group, analysts expect that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Dividend Announcement

The company also recently disclosed 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 dividend yield of 4.97%. Evergy’s dividend payout ratio (DPR) is presently 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.