International Assets Investment Management LLC Buys New Shares in Evergy, Inc. (NYSE:EVRG)

International Assets Investment Management LLC acquired a new stake in shares of Evergy, Inc. (NYSE:EVRG) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 45,779 shares of the company’s stock, valued at approximately $23,900,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in EVRG. Metis Global Partners LLC grew its position in Evergy by 20.5% in the 3rd quarter. Metis Global Partners LLC now owns 8,326 shares of the company’s stock valued at $422,000 after purchasing an additional 1,419 shares during the period. RNC Capital Management LLC increased its position in shares of Evergy by 8.6% during the fourth quarter. RNC Capital Management LLC now owns 586,133 shares of the company’s stock worth $30,596,000 after acquiring an additional 46,437 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Evergy by 47.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,516,817 shares of the company’s stock worth $79,178,000 after acquiring an additional 487,322 shares during the last quarter. Creative Planning lifted its position in Evergy by 25.2% in the 3rd quarter. Creative Planning now owns 107,816 shares of the company’s stock valued at $5,466,000 after acquiring an additional 21,690 shares in the last quarter. Finally, Allworth Financial LP lifted its position in Evergy by 15.0% in the 4th quarter. Allworth Financial LP now owns 5,227 shares of the company’s stock valued at $273,000 after acquiring an additional 682 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on EVRG shares. Barclays increased their price objective on Evergy from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. Citigroup started coverage on shares of Evergy in a report on Tuesday, March 26th. They issued a “buy” rating and a $64.00 target price 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 target on the stock. Bank of America raised shares of Evergy from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $51.00 to $57.00 in a research report on Wednesday, March 13th. Finally, Guggenheim cut shares of 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. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Evergy has a consensus rating of “Moderate Buy” and a consensus target price of $56.00.

Evergy Stock Up 1.0 %

EVRG opened at $54.10 on Friday. Evergy, Inc. has a twelve month low of $46.92 and a twelve month high of $63.39. The company’s 50-day moving average price is $51.68 and its two-hundred day moving average price is $51.12. The stock has a market cap of $12.43 billion, a price-to-earnings ratio of 17.01, a PEG ratio of 2.79 and a beta of 0.57. 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 (NYSE:EVRG) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.27 EPS 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 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 quarter in the previous year, the company posted $0.30 EPS. As a group, equities analysts expect that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were given a dividend of $0.6425 per share. The ex-dividend date was Friday, March 8th. This represents a $2.57 dividend on an annualized basis and a yield of 4.75%. Evergy’s dividend payout ratio 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.