National Pension Service Makes New Investment in Evergy, Inc. (NASDAQ:EVRG)

National Pension Service bought a new position in shares of Evergy, Inc. (NASDAQ:EVRG) during the fourth quarter, Holdings Channel reports. The fund bought 481 shares of the company’s stock, valued at approximately $30,000.

A number of other institutional investors also recently bought and sold shares of the company. Franklin Resources Inc. raised its stake in Evergy by 5.5% during the third quarter. Franklin Resources Inc. now owns 5,532,719 shares of the company’s stock worth $330,469,000 after purchasing an additional 288,619 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Evergy by 9.1% in the 4th quarter. Bank of New York Mellon Corp now owns 3,085,401 shares of the company’s stock valued at $189,906,000 after acquiring an additional 256,978 shares during the period. Point72 Asset Management L.P. raised its stake in shares of Evergy by 25.8% in 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 acquiring an additional 583,923 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Evergy by 42.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,135,011 shares of the company’s stock valued at $132,392,000 after acquiring an additional 634,735 shares during the period. Finally, FMR LLC raised its stake in shares of Evergy by 131.4% in the 3rd quarter. FMR LLC now owns 2,004,414 shares of the company’s stock valued at $124,294,000 after acquiring an additional 1,138,138 shares during the period. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Trading Up 0.5 %

Shares of EVRG stock opened at $68.91 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The stock has a market capitalization of $15.85 billion, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 2.82 and a beta of 0.66. The company has a 50 day moving average price of $64.00 and a 200 day moving average price of $62.22. Evergy, Inc. has a fifty-two week low of $48.60 and a fifty-two week high of $69.90.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data 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). The business had revenue of $1.26 billion during the quarter, compared to analyst estimates 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 EPS for the current fiscal year.

Evergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 3.87%. The ex-dividend date is Monday, March 10th. Evergy’s dividend payout ratio (DPR) is presently 70.45%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on EVRG shares. LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $59.00 to $68.50 in a research note on Thursday, January 2nd. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, Barclays reduced their price target on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.36.

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.