Atria Wealth Solutions Inc. Increases Position in Evergy, Inc. (NYSE:EVRG)

Atria Wealth Solutions Inc. boosted its stake in Evergy, Inc. (NYSE:EVRG) by 133.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,889 shares of the company’s stock after acquiring an additional 6,234 shares during the period. Atria Wealth Solutions Inc.’s holdings in Evergy were worth $568,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Schnieders Capital Management LLC purchased a new stake in Evergy in the 4th quarter valued at approximately $873,000. GAMMA Investing LLC purchased a new stake in shares of Evergy during the 4th quarter worth $192,000. Parkside Financial Bank & Trust boosted its position in shares of Evergy by 105.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 785 shares of the company’s stock worth $41,000 after purchasing an additional 403 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in shares of Evergy by 3.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 214,411 shares of the company’s stock worth $11,192,000 after purchasing an additional 7,093 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in shares of Evergy by 85.3% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 41,076 shares of the company’s stock valued at $2,144,000 after purchasing an additional 18,910 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on EVRG shares. Bank of America raised 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. LADENBURG THALM/SH SH started coverage on Evergy in a report on Thursday, April 4th. They issued a “neutral” rating and a $51.00 price target on the stock. Citigroup began coverage on Evergy in a research note on Tuesday, March 26th. They issued a “buy” rating and a $64.00 price objective for the company. Guggenheim downgraded Evergy from a “buy” rating to a “neutral” rating and set a $52.00 target price on the stock. in a research report on Monday, January 22nd. Finally, Barclays raised their price target on Evergy from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $56.00.

Evergy Stock Performance

NYSE EVRG opened at $54.10 on Monday. 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 fifty-two week low of $46.92 and a fifty-two week high of $63.39. The business has a fifty day moving average of $51.68 and a 200-day moving average of $51.14. The stock has a market cap of $12.43 billion, a price-to-earnings ratio of 17.01, a price-to-earnings-growth ratio of 2.82 and a beta of 0.57.

Evergy (NYSE:EVRG) last announced 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). The firm 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 period in the previous year, the firm posted $0.30 EPS. As a group, analysts predict that Evergy, Inc. will post 3.84 earnings per share 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. This represents a $2.57 annualized dividend and a dividend yield of 4.75%. The ex-dividend date of this dividend was Friday, March 8th. Evergy’s payout ratio is 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.