Vanguard Group Inc. Has $1.89 Billion Stock Holdings in Evergy, Inc. (NASDAQ:EVRG)

Vanguard Group Inc. lifted its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,665,885 shares of the company’s stock after purchasing an additional 221,086 shares during the period. Vanguard Group Inc. owned about 0.13% of Evergy worth $1,887,485,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in EVRG. Empowered Funds LLC acquired a new position in Evergy in the 3rd quarter valued at approximately $226,000. Cerity Partners LLC grew its stake in shares of Evergy by 32.2% in the third quarter. Cerity Partners LLC now owns 51,912 shares of the company’s stock worth $3,219,000 after purchasing an additional 12,657 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in Evergy by 26.4% in the third quarter. Daiwa Securities Group Inc. now owns 31,634 shares of the company’s stock valued at $1,961,000 after purchasing an additional 6,616 shares during the period. Independent Advisor Alliance raised its position in Evergy by 6.3% during the 3rd quarter. Independent Advisor Alliance now owns 24,487 shares of the company’s stock worth $1,518,000 after purchasing an additional 1,444 shares during the last quarter. Finally, Truvestments Capital LLC bought a new position in Evergy during the 3rd quarter worth $32,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Price Performance

Shares of EVRG opened at $67.33 on Thursday. The firm has a market cap of $15.49 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62. Evergy, Inc. has a 52-week low of $49.55 and a 52-week high of $69.93. The business’s 50 day moving average price is $66.08 and its two-hundred day moving average price is $63.22. 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 released its earnings results 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 analyst estimates of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. On average, equities analysts anticipate that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date was Monday, March 10th. Evergy’s payout ratio is 70.45%.

Analysts Set New Price Targets

A number of equities research analysts have commented on EVRG shares. LADENBURG THALM/SH SH upgraded Evergy to a “strong-buy” rating in a research report on Monday, March 17th. UBS Group upped their target price on Evergy from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Barclays boosted their price target on shares of Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Evergy currently has a consensus rating of “Buy” and a consensus target price of $69.08.

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.