KBC Group NV Boosts Holdings in Evergy, Inc. (NYSE:EVRG)

KBC Group NV grew its position in Evergy, Inc. (NYSE:EVRGFree Report) by 15.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,275 shares of the company’s stock after acquiring an additional 1,625 shares during the quarter. KBC Group NV’s holdings in Evergy were worth $641,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. CVA Family Office LLC purchased a new stake in Evergy in the 4th quarter worth about $29,000. Hexagon Capital Partners LLC raised its holdings in shares of Evergy by 222.2% in the fourth quarter. Hexagon Capital Partners LLC now owns 667 shares of the company’s stock worth $35,000 after buying an additional 460 shares during the period. Itau Unibanco Holding S.A. bought a new stake in shares of Evergy during the 3rd quarter worth approximately $35,000. MV Capital Management Inc. boosted its holdings in Evergy by 3,263.6% during the 4th quarter. MV Capital Management Inc. now owns 740 shares of the company’s stock valued at $39,000 after acquiring an additional 718 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in Evergy by 105.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 785 shares of the company’s stock valued at $41,000 after acquiring an additional 403 shares during the last quarter. Institutional investors own 87.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on EVRG shares. Citigroup began coverage on Evergy in a research report on Tuesday, March 26th. They set a “buy” rating and a $64.00 target price for the company. Wells Fargo & Company boosted their price objective on shares of Evergy from $57.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. LADENBURG THALM/SH SH started coverage on shares of Evergy in a research note on Thursday, April 4th. They issued a “neutral” rating and a $51.00 target price on the stock. Barclays lifted their price target on shares of Evergy from $56.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday, May 14th. Finally, Bank of America raised Evergy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $51.00 to $57.00 in a research note on Wednesday, March 13th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $57.83.

Check Out Our Latest Research Report on EVRG

Evergy Price Performance

NYSE EVRG opened at $52.96 on Friday. The company has a market cap of $12.18 billion, a PE ratio of 17.14, a P/E/G ratio of 2.78 and a beta of 0.60. The firm’s 50 day moving average price is $53.27 and its 200-day moving average price is $51.96. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.32 and a current ratio of 0.57. Evergy, Inc. has a 52-week low of $46.92 and a 52-week high of $61.84.

Evergy (NYSE:EVRGGet Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.07). Evergy had a net margin of 12.84% and a return on equity of 8.32%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the prior year, the company posted $0.59 EPS. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. Sell-side analysts forecast that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, May 20th will be issued a dividend of $0.6425 per share. The ex-dividend date is Friday, May 17th. This represents a $2.57 annualized dividend and a dividend yield of 4.85%. Evergy’s dividend payout ratio (DPR) is currently 83.17%.

Evergy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

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