Sierra Summit Advisors LLC Buys 3,038 Shares of Evergy, Inc. (NASDAQ:EVRG)

Sierra Summit Advisors LLC raised its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 33.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 12,254 shares of the company’s stock after acquiring an additional 3,038 shares during the quarter. Sierra Summit Advisors LLC’s holdings in Evergy were worth $754,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. Polymer Capital Management HK LTD purchased a new stake in Evergy in the 4th quarter worth about $312,000. Federated Hermes Inc. lifted its stake in shares of Evergy by 2.2% during the 4th quarter. Federated Hermes Inc. now owns 3,434,216 shares of the company’s stock valued at $211,376,000 after buying an additional 73,066 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Evergy by 3.0% in the 4th quarter. Envestnet Asset Management Inc. now owns 331,086 shares of the company’s stock worth $20,378,000 after buying an additional 9,514 shares during the period. KCM Investment Advisors LLC grew its stake in Evergy by 3.7% in the 4th quarter. KCM Investment Advisors LLC now owns 5,946 shares of the company’s stock valued at $366,000 after buying an additional 210 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. purchased a new position in Evergy in the 4th quarter valued at approximately $4,566,000. 87.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EVRG has been the topic of several recent research reports. Barclays increased their target price on Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. UBS Group increased their price objective on 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 Evergy to a “strong-buy” rating in a report on Monday, March 17th. Finally, Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a 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’s stock. According to data from MarketBeat.com, Evergy has an average rating of “Buy” and a consensus price target of $69.08.

Evergy Price Performance

Evergy stock opened at $66.18 on Monday. The stock has a market cap of $15.22 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 2.82 and a beta of 0.52. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The business has a 50-day simple moving average of $66.79 and a 200 day simple moving average of $63.60. Evergy, Inc. has a 52 week low of $49.55 and a 52 week high of $70.30.

Evergy (NASDAQ:EVRG) last issued 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 business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. On average, research analysts forecast that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend was Monday, March 10th. Evergy’s dividend payout ratio (DPR) is currently 70.45%.

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.