Evergy, Inc. (NASDAQ:EVRG) Position Boosted by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC lifted its holdings in Evergy, Inc. (NASDAQ:EVRG) by 78.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,313 shares of the company’s stock after acquiring an additional 1,020 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Evergy were worth $142,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. National Pension Service purchased a new stake in shares of Evergy during the fourth quarter valued at $30,000. Bank of Jackson Hole Trust purchased a new position in Evergy in the 4th quarter worth about $31,000. Truvestments Capital LLC acquired a new stake in Evergy during the 3rd quarter worth about $32,000. USA Financial Formulas purchased a new stake in Evergy during the fourth quarter valued at about $73,000. Finally, Venturi Wealth Management LLC boosted its holdings in shares of Evergy by 230.0% in the third quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company’s stock worth $86,000 after buying an additional 966 shares during the period. 87.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EVRG has been the topic of a number of recent analyst reports. LADENBURG THALM/SH SH upgraded shares of Evergy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $59.00 to $68.50 in a report on Thursday, January 2nd. Barclays lowered their price objective on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Finally, Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $65.36.

Evergy Stock Down 1.9 %

Evergy stock opened at $65.73 on Friday. Evergy, Inc. has a twelve month low of $49.55 and a twelve month high of $69.93. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The firm has a market cap of $15.12 billion, a PE ratio of 17.76, a P/E/G ratio of 2.82 and a beta of 0.62. The firm’s 50 day moving average price is $64.39 and its two-hundred day moving average price is $62.41.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.11). Evergy had a net margin of 14.77% and a return on equity of 8.77%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.24 billion. On average, research analysts predict that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Monday, March 10th. Evergy’s dividend payout ratio (DPR) is presently 70.45%.

Evergy Company 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.