6,823 Shares in Evergy, Inc. (NASDAQ:EVRG) Acquired by CoreFirst Bank & Trust

CoreFirst Bank & Trust acquired a new stake in Evergy, Inc. (NASDAQ:EVRG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 6,823 shares of the company’s stock, valued at approximately $420,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lee Danner & Bass Inc. purchased a new stake in shares of Evergy in the fourth quarter valued at about $26,000. National Pension Service acquired a new position in shares of Evergy during the 4th quarter worth approximately $30,000. Bank of Jackson Hole Trust purchased a new stake in Evergy in the 4th quarter valued at approximately $31,000. Truvestments Capital LLC acquired a new stake in Evergy during the 3rd quarter valued at $32,000. Finally, Sandy Spring Bank increased its position in Evergy by 5,983.3% during the fourth quarter. Sandy Spring Bank now owns 730 shares of the company’s stock worth $45,000 after buying an additional 718 shares in the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on EVRG shares. LADENBURG THALM/SH SH raised Evergy to a “strong-buy” rating in a research note on Monday, March 17th. UBS Group raised their price target on shares of Evergy from $66.00 to $68.00 and gave the stock a “neutral” rating in a research note on Friday. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Barclays raised their target price on shares of Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. One research analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $68.36.

Evergy Stock Performance

Shares of EVRG stock opened at $67.51 on Tuesday. 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 capitalization of $15.53 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62. Evergy, Inc. has a one year low of $49.55 and a one year high of $69.93. The company has a 50 day moving average price of $65.86 and a 200 day moving average price of $63.15.

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

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a $0.6675 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.67 annualized dividend and a yield of 3.95%. Evergy’s payout ratio is 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.