Evergy, Inc. (NASDAQ:EVRG) Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA increased its stake in Evergy, Inc. (NASDAQ:EVRG) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,857 shares of the company’s stock after purchasing an additional 354 shares during the period. Pictet Asset Management Holding SA’s holdings in Evergy were worth $4,115,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. SG Americas Securities LLC lifted its stake in shares of Evergy by 15,406.4% during the fourth quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock worth $56,721,000 after buying an additional 915,603 shares during the period. Brandes Investment Partners LP acquired a new stake in Evergy during the 4th quarter worth about $55,652,000. Raymond James Financial Inc. purchased a new stake in Evergy during the 4th quarter valued at about $32,488,000. JPMorgan Chase & Co. increased its holdings in shares of Evergy by 24.6% in the third quarter. JPMorgan Chase & Co. now owns 1,675,453 shares of the company’s stock valued at $103,895,000 after purchasing an additional 330,464 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Evergy by 43.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,041,564 shares of the company’s stock worth $64,108,000 after purchasing an additional 316,197 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Trading Down 4.4 %

Shares of Evergy stock opened at $66.18 on Friday. The firm has a 50-day simple moving average of $66.79 and a two-hundred day simple moving average of $63.57. 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, Inc. has a fifty-two week low of $49.55 and a fifty-two week high of $70.30. The company has a market cap of $15.22 billion, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 2.82 and a beta of 0.52.

Evergy (NASDAQ:EVRG) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.35 earnings per share 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 business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. As a group, equities analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were paid a $0.6675 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a yield of 4.03%. Evergy’s dividend payout ratio is currently 70.45%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on EVRG. UBS Group increased their price target on shares of Evergy from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. LADENBURG THALM/SH SH raised shares of Evergy to a “strong-buy” rating in a report on Monday, March 17th. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Barclays lifted their price objective on Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. One equities research 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, Evergy currently has a consensus rating of “Buy” and a consensus target price 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.