OneAscent Financial Services LLC Purchases New Shares in Evergy, Inc. (NASDAQ:EVRG)

OneAscent Financial Services LLC acquired a new position in Evergy, Inc. (NASDAQ:EVRG) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,557 shares of the company’s stock, valued at approximately $219,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EVRG. Lee Danner & Bass Inc. acquired a new position in shares of Evergy in the fourth quarter worth about $26,000. National Pension Service acquired a new position in shares of Evergy in the 4th quarter valued at approximately $30,000. Bank of Jackson Hole Trust purchased a new position in shares of Evergy during the 4th quarter valued at approximately $31,000. Sandy Spring Bank grew its position in shares of 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. Finally, SBI Securities Co. Ltd. acquired a new stake in Evergy in the fourth quarter valued at $49,000. 87.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

EVRG has been the subject of several recent analyst reports. Barclays raised their price objective on shares of Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. UBS Group boosted their price objective on Evergy from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, March 21st. LADENBURG THALM/SH SH upgraded Evergy to a “strong-buy” rating in a research report on Monday, March 17th. Finally, Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $69.08.

Evergy Stock Performance

EVRG stock opened at $66.18 on Friday. The stock’s fifty day moving average is $66.79 and its two-hundred day moving average is $63.57. The stock has a market capitalization of $15.22 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 2.82 and a beta of 0.52. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. Evergy, Inc. has a 1 year low of $49.55 and a 1 year high of $70.30.

Evergy (NASDAQ:EVRG) last posted its earnings results on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11). The firm had revenue of $1.26 billion for 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%. On average, research analysts predict that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a dividend of $0.6675 per share. The ex-dividend date was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.03%. Evergy’s dividend payout ratio is presently 70.45%.

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.