3,788 Shares in Evergy, Inc. (NYSE:EVRG) Acquired by GAMMA Investing LLC

GAMMA Investing LLC bought a new position in Evergy, Inc. (NYSE:EVRG) during the fourth quarter, Holdings Channel.com reports. The fund bought 3,788 shares of the company’s stock, valued at approximately $192,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Exchange Traded Concepts LLC boosted its stake in Evergy by 3.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 10,457 shares of the company’s stock worth $530,000 after purchasing an additional 311 shares during the period. Caprock Group LLC raised its position in Evergy by 4.0% during the third quarter. Caprock Group LLC now owns 5,751 shares of the company’s stock valued at $292,000 after buying an additional 222 shares during the period. Czech National Bank lifted its stake in Evergy by 47.7% in the 3rd quarter. Czech National Bank now owns 40,147 shares of the company’s stock worth $2,035,000 after acquiring an additional 12,958 shares in the last quarter. Spirit of America Management Corp NY boosted its position in Evergy by 62.5% during the 3rd quarter. Spirit of America Management Corp NY now owns 1,300 shares of the company’s stock worth $66,000 after acquiring an additional 500 shares during the period. Finally, Valeo Financial Advisors LLC purchased a new position in Evergy during the 3rd quarter valued at about $247,000. 87.24% of the stock is currently owned by institutional investors.

Evergy Trading Down 1.4 %

NYSE EVRG opened at $51.69 on Friday. Evergy, Inc. has a 1-year low of $46.92 and a 1-year high of $63.39. The company has a current ratio of 0.51, a quick ratio of 0.29 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $11.88 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 2.73 and a beta of 0.57. The firm’s fifty day simple moving average is $51.36 and its 200-day simple moving average is $50.99.

Evergy (NYSE:EVRG) last posted its earnings results on Thursday, February 29th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.03). The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.46 billion. Evergy had a return on equity of 8.47% and a net margin of 13.28%. During the same period in the previous year, the company earned $0.30 earnings per share. As a group, sell-side analysts anticipate that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were given a dividend of $0.6425 per share. This represents a $2.57 annualized dividend and a yield of 4.97%. The ex-dividend date of this dividend was Friday, March 8th. Evergy’s payout ratio is 80.82%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EVRG. Guggenheim lowered shares of Evergy from a “buy” rating to a “neutral” rating and set a $52.00 price target for the company. in a research report on Monday, January 22nd. Citigroup started coverage on shares of Evergy in a research report on Tuesday, March 26th. They issued a “buy” rating and a $64.00 target price for the company. LADENBURG THALM/SH SH began coverage on shares of Evergy in a report on Thursday, April 4th. They set a “neutral” rating and a $51.00 price target on the stock. Barclays upped their price target on shares of Evergy from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. Finally, Wells Fargo & Company dropped their price target on shares of Evergy from $60.00 to $57.00 and set an “overweight” rating on the stock in a research note on Friday, March 1st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Evergy presently has a consensus rating of “Moderate Buy” and an average price target of $56.00.

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.