Hartree Partners LP Invests $1.48 Million in Evergy, Inc. (NASDAQ:EVRG)

Hartree Partners LP bought a new stake in Evergy, Inc. (NASDAQ:EVRG) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 24,000 shares of the company’s stock, valued at approximately $1,477,000.

A number of other large investors have also recently bought and sold shares of EVRG. Lee Danner & Bass Inc. purchased a new stake in shares of Evergy in the fourth quarter valued at $26,000. National Pension Service acquired a new position in Evergy in the 4th quarter valued at about $30,000. Bank of Jackson Hole Trust purchased a new position in Evergy in the 4th quarter valued at about $31,000. Sandy Spring Bank boosted its stake in shares of Evergy by 5,983.3% during the 4th quarter. Sandy Spring Bank now owns 730 shares of the company’s stock worth $45,000 after purchasing an additional 718 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Evergy during the fourth quarter worth about $49,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Stock Performance

Shares of Evergy stock opened at $67.87 on Friday. The firm has a market cap of $15.61 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62. Evergy, Inc. has a 1 year low of $49.55 and a 1 year high of $69.93. The firm’s 50-day simple moving average is $66.26 and its 200-day simple moving average is $63.32. 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 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. Equities analysts forecast that Evergy, Inc. will post 3.83 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 21st. Shareholders of record on Monday, March 10th were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.67 annualized dividend and a yield of 3.93%. Evergy’s payout ratio is 70.45%.

Analysts Set New Price Targets

EVRG has been the topic of several recent analyst reports. Barclays upped their price objective on shares of Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. UBS Group upped their target price on Evergy from $66.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Finally, LADENBURG THALM/SH SH raised Evergy to a “strong-buy” rating in a research note on Monday, March 17th. One research 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 stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $69.08.

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.