NEOS Investment Management LLC Grows Stock Position in Evergy, Inc. (NASDAQ:EVRG)

NEOS Investment Management LLC boosted its holdings in Evergy, Inc. (NASDAQ:EVRG) by 28.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,183 shares of the company’s stock after acquiring an additional 2,483 shares during the period. NEOS Investment Management LLC’s holdings in Evergy were worth $688,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Evergy by 131.4% in the third quarter. FMR LLC now owns 2,004,414 shares of the company’s stock valued at $124,294,000 after purchasing an additional 1,138,138 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Evergy by 15,406.4% during the 4th quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock worth $56,721,000 after purchasing an additional 915,603 shares during the last quarter. Brandes Investment Partners LP purchased a new stake in Evergy in the 4th quarter valued at approximately $55,652,000. Point72 Asset Management L.P. grew its holdings in Evergy by 25.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,848,735 shares of the company’s stock valued at $176,650,000 after buying an additional 583,923 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Evergy during the fourth quarter worth $32,488,000. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Evergy Trading Up 0.8 %

NASDAQ EVRG opened at $67.87 on Monday. The company has a market cap of $15.61 billion, a P/E ratio of 18.34, a P/E/G ratio of 2.82 and a beta of 0.62. Evergy, Inc. has a 12 month low of $49.55 and a 12 month high of $69.93. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. The company has a 50-day moving average of $66.26 and a 200-day moving average of $63.34.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing the consensus estimate 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 return on equity of 8.77% and a net margin of 14.77%. As a group, equities analysts predict that Evergy, Inc. will post 3.83 earnings per share 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 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend was Monday, March 10th. Evergy’s dividend payout ratio (DPR) is currently 70.45%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EVRG. UBS Group upped their price objective on Evergy from $66.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. LADENBURG THALM/SH SH upgraded shares of Evergy to a “strong-buy” rating in a report on Monday, March 17th. Barclays lifted their price target on shares of Evergy from $62.00 to $72.00 and gave the stock 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 note on Thursday, January 23rd. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Evergy presently has a consensus rating of “Buy” and an average price target of $69.08.

Evergy 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.