Evergy, Inc. (NASDAQ:EVRG) Shares Acquired by Natixis Advisors LLC

Natixis Advisors LLC grew its stake in Evergy, Inc. (NASDAQ:EVRG) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,829 shares of the company’s stock after purchasing an additional 2,974 shares during the period. Natixis Advisors LLC’s holdings in Evergy were worth $5,467,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of EVRG. Empowered Funds LLC purchased a new stake in Evergy during the third quarter worth $226,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Evergy during the third quarter worth $281,000. PNC Financial Services Group Inc. boosted its position in Evergy by 25.4% during the third quarter. PNC Financial Services Group Inc. now owns 64,388 shares of the company’s stock worth $3,993,000 after purchasing an additional 13,036 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Evergy by 6.1% during the third quarter. Advisors Asset Management Inc. now owns 23,182 shares of the company’s stock worth $1,438,000 after purchasing an additional 1,327 shares in the last quarter. Finally, Intech Investment Management LLC boosted its position in Evergy by 8.6% during the third quarter. Intech Investment Management LLC now owns 108,626 shares of the company’s stock worth $6,736,000 after purchasing an additional 8,603 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Stock Down 0.8 %

Shares of NASDAQ:EVRG opened at $67.45 on Friday. The stock has a 50-day simple moving average of $65.73 and a 200-day simple moving average of $63.05. The stock has a market capitalization of $15.51 billion, a P/E ratio of 18.23, a PEG ratio of 2.82 and a beta of 0.62. Evergy, Inc. has a 1 year low of $49.55 and a 1 year 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.

Evergy (NASDAQ:EVRG) last issued its earnings results on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11). The business 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%. Equities analysts forecast that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend was Monday, March 10th. Evergy’s dividend payout ratio (DPR) is presently 70.45%.

Wall Street Analyst Weigh In

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

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.