Cbre Investment Management Listed Real Assets LLC Buys 107,305 Shares of Evergy, Inc. (NASDAQ:EVRG)

Cbre Investment Management Listed Real Assets LLC raised its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 9.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,207,828 shares of the company’s stock after purchasing an additional 107,305 shares during the quarter. Evergy accounts for about 1.3% of Cbre Investment Management Listed Real Assets LLC’s holdings, making the stock its 25th biggest holding. Cbre Investment Management Listed Real Assets LLC owned approximately 0.53% of Evergy worth $74,342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. M&T Bank Corp lifted its position in Evergy by 1.7% during the fourth quarter. M&T Bank Corp now owns 173,112 shares of the company’s stock valued at $10,655,000 after purchasing an additional 2,812 shares during the last quarter. Atria Investments Inc lifted its holdings in shares of Evergy by 101.1% in the 4th quarter. Atria Investments Inc now owns 8,016 shares of the company’s stock worth $493,000 after acquiring an additional 4,030 shares during the last quarter. Assetmark Inc. lifted its holdings in shares of Evergy by 3.2% in the 4th quarter. Assetmark Inc. now owns 20,475 shares of the company’s stock worth $1,260,000 after acquiring an additional 634 shares during the last quarter. Triad Wealth Partners LLC bought a new stake in shares of Evergy in the 4th quarter worth approximately $267,000. Finally, Keybank National Association OH bought a new stake in shares of Evergy in the 4th quarter worth approximately $363,000. 87.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Evergy Stock Down 2.6 %

Shares of Evergy stock opened at $67.70 on Wednesday. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The company’s fifty day simple moving average is $64.17 and its two-hundred day simple moving average is $62.32. The company has a market cap of $15.57 billion, a P/E ratio of 18.30, a PEG ratio of 2.82 and a beta of 0.66. Evergy, Inc. has a 12-month low of $49.55 and a 12-month high of $69.93.

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 analysts’ consensus estimates of $0.46 by ($0.11). The company had revenue of $1.26 billion for 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%. Research analysts anticipate that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date is Monday, March 10th. 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.