IFM Investors Pty Ltd Raises Position in Evergy, Inc. (NYSE:EVRG)

IFM Investors Pty Ltd raised its position in Evergy, Inc. (NYSE:EVRG) by 1.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 74,095 shares of the company’s stock after buying an additional 984 shares during the period. IFM Investors Pty Ltd’s holdings in Evergy were worth $3,955,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. CVA Family Office LLC purchased a new stake in Evergy during the 4th quarter valued at about $29,000. Toth Financial Advisory Corp boosted its stake in Evergy by 199.5% during the first quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock worth $34,000 after buying an additional 423 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new stake in Evergy in the 3rd quarter valued at $35,000. Hexagon Capital Partners LLC increased its stake in shares of Evergy by 222.2% in the 4th quarter. Hexagon Capital Partners LLC now owns 667 shares of the company’s stock worth $35,000 after acquiring an additional 460 shares during the last quarter. Finally, MV Capital Management Inc. raised its holdings in shares of Evergy by 3,263.6% during the 4th quarter. MV Capital Management Inc. now owns 740 shares of the company’s stock worth $39,000 after acquiring an additional 718 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Trading Down 1.4 %

Evergy stock traded down $0.73 during trading on Friday, hitting $51.69. The company had a trading volume of 1,191,584 shares, compared to its average volume of 1,734,603. 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’s 50 day simple moving average is $51.36 and its 200-day simple moving average is $50.99. Evergy, Inc. has a 1-year low of $46.92 and a 1-year high of $63.39. The stock has a market cap of $11.88 billion, a price-to-earnings ratio of 16.25, a price-to-earnings-growth ratio of 2.73 and a beta of 0.57.

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

Evergy Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on EVRG shares. Wells Fargo & Company dropped their price objective on shares of Evergy from $60.00 to $57.00 and set an “overweight” rating for the company in a report on Friday, March 1st. Bank of America raised shares of Evergy from a “neutral” rating to a “buy” rating and increased their price target for the company from $51.00 to $57.00 in a research note on Wednesday, March 13th. Citigroup started coverage on shares of Evergy in a research report on Tuesday, March 26th. They set a “buy” rating and a $64.00 price target on the stock. Guggenheim cut Evergy from a “buy” rating to a “neutral” rating and set a $52.00 price objective on the stock. in a report on Monday, January 22nd. Finally, LADENBURG THALM/SH SH started coverage on Evergy in a research note on Thursday, April 4th. They set a “neutral” rating and a $51.00 target price for the company. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Evergy has an average rating of “Moderate Buy” and a consensus target price of $56.00.

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.