Charles Schwab Investment Management Inc. Raises Stock Position in Evergy, Inc. (NASDAQ:EVRG)

Charles Schwab Investment Management Inc. increased its stake in Evergy, Inc. (NASDAQ:EVRG) by 1.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,160,492 shares of the company’s stock after acquiring an additional 25,481 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Evergy were worth $132,978,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Miller Howard Investments Inc. NY boosted its stake in Evergy by 1.4% during the 4th quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company’s stock worth $723,000 after purchasing an additional 162 shares during the last quarter. Quent Capital LLC boosted its stake in Evergy by 4.6% during the 4th quarter. Quent Capital LLC now owns 3,692 shares of the company’s stock worth $227,000 after purchasing an additional 163 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in Evergy by 2.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company’s stock worth $482,000 after purchasing an additional 168 shares during the last quarter. Empirical Finance LLC boosted its stake in Evergy by 2.3% during the 3rd quarter. Empirical Finance LLC now owns 7,751 shares of the company’s stock worth $481,000 after purchasing an additional 171 shares during the last quarter. Finally, Mather Group LLC. boosted its stake in Evergy by 5.7% during the 4th quarter. Mather Group LLC. now owns 3,231 shares of the company’s stock worth $199,000 after purchasing an additional 173 shares during the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Analyst Ratings Changes

EVRG has been the topic of several recent research reports. LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $59.00 to $68.50 in a research note on Thursday, January 2nd. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Barclays boosted their price target on shares of Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $66.79.

Evergy Stock Up 0.1 %

Shares of EVRG opened at $65.80 on Friday. The firm has a market cap of $15.13 billion, a P/E ratio of 17.78, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62. Evergy, Inc. has a 12-month low of $49.55 and a 12-month high of $69.93. The company’s 50-day moving average price is $64.47 and its 200 day moving average price is $62.43. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.

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

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a $0.6675 dividend. The ex-dividend date is Monday, March 10th. This represents a $2.67 annualized dividend and a yield of 4.06%. Evergy’s dividend payout ratio (DPR) is currently 70.45%.

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.