New Age Alpha Advisors LLC Buys 61,376 Shares of Evergy, Inc. (NASDAQ:EVRG)

New Age Alpha Advisors LLC boosted its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 23,160.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 61,641 shares of the company’s stock after acquiring an additional 61,376 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Evergy were worth $3,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Cerity Partners LLC boosted its stake in shares of Evergy by 32.2% during the third quarter. Cerity Partners LLC now owns 51,912 shares of the company’s stock valued at $3,219,000 after purchasing an additional 12,657 shares during the period. Daiwa Securities Group Inc. boosted its position in Evergy by 26.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 31,634 shares of the company’s stock valued at $1,961,000 after buying an additional 6,616 shares during the period. FMR LLC grew its holdings in Evergy by 131.4% in the 3rd quarter. FMR LLC now owns 2,004,414 shares of the company’s stock worth $124,294,000 after acquiring an additional 1,138,138 shares during the last quarter. Blueshift Asset Management LLC purchased a new position in shares of Evergy in the third quarter valued at about $296,000. Finally, CreativeOne Wealth LLC raised its stake in shares of Evergy by 12.3% during the third quarter. CreativeOne Wealth LLC now owns 11,925 shares of the company’s stock valued at $740,000 after acquiring an additional 1,304 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Evergy Trading Up 0.8 %

EVRG opened at $67.87 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a 52 week low of $49.55 and a 52 week high of $69.93. The stock has a market cap of $15.61 billion, a PE ratio of 18.34, a PEG ratio of 2.82 and a beta of 0.62. The business has a 50 day moving average of $66.26 and a 200-day moving average of $63.30.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.11). The firm had revenue of $1.26 billion for 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 research analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 3.93%. The ex-dividend date of this dividend was Monday, March 10th. Evergy’s dividend payout ratio (DPR) is presently 70.45%.

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.