1,000 Shares in Evergy, Inc. (NYSE:EVRG) Purchased by ICA Group Wealth Management LLC

ICA Group Wealth Management LLC purchased a new stake in Evergy, Inc. (NYSE:EVRG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,000 shares of the company’s stock, valued at approximately $52,000.

Several other large investors have also recently added to or reduced their stakes in EVRG. Wellington Management Group LLP lifted its holdings in shares of Evergy by 12.8% during the 4th quarter. Wellington Management Group LLP now owns 249,422 shares of the company’s stock worth $13,020,000 after acquiring an additional 28,392 shares during the period. Tucker Asset Management LLC lifted its stake in Evergy by 27.9% during the fourth quarter. Tucker Asset Management LLC now owns 1,713 shares of the company’s stock worth $89,000 after purchasing an additional 374 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Evergy by 14.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,083,875 shares of the company’s stock valued at $56,578,000 after purchasing an additional 134,375 shares in the last quarter. Syon Capital LLC bought a new stake in shares of Evergy in the 4th quarter valued at approximately $241,000. Finally, Virtu Financial LLC bought a new stake in shares of Evergy in the 4th quarter valued at approximately $459,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Price Performance

Shares of EVRG stock traded up $1.06 during trading hours on Monday, reaching $52.75. 2,010,700 shares of the company were exchanged, compared to its average volume of 2,524,806. Evergy, Inc. has a fifty-two week low of $46.92 and a fifty-two week high of $63.39. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.51 and a quick ratio of 0.29. The stock’s fifty day moving average is $51.39 and its two-hundred day moving average is $51.02. The company has a market cap of $12.12 billion, a price-to-earnings ratio of 16.59, a P/E/G ratio of 2.69 and a beta of 0.57.

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

Evergy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Stockholders of record on Monday, March 11th were paid a $0.6425 dividend. This represents a $2.57 annualized dividend and a dividend yield of 4.87%. The ex-dividend date was Friday, March 8th. Evergy’s dividend payout ratio (DPR) is presently 80.82%.

Analyst Upgrades and Downgrades

EVRG has been the topic of several recent analyst reports. Barclays boosted their price target on Evergy from $54.00 to $55.00 and gave the company an “overweight” rating in a research note on Thursday, March 14th. Guggenheim downgraded shares of Evergy from a “buy” rating to a “neutral” rating and set a $52.00 price target for the company. in a report on Monday, January 22nd. Wells Fargo & Company decreased their price objective 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. Citigroup initiated coverage on shares of Evergy in a research note on Tuesday, March 26th. They issued a “buy” rating and a $64.00 target price for the company. Finally, Bank of America upgraded Evergy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $51.00 to $57.00 in a research report on Wednesday, March 13th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $56.00.

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.