Headlands Technologies LLC Raises Holdings in Evergy, Inc. (NYSE:EVRG)

Headlands Technologies LLC increased its position in Evergy, Inc. (NYSE:EVRG) by 207.9% in the 4th quarter, Holdings Channel reports. The firm owned 40,009 shares of the company’s stock after buying an additional 27,016 shares during the period. Evergy makes up 0.6% of Headlands Technologies LLC’s holdings, making the stock its 27th biggest holding. Headlands Technologies LLC’s holdings in Evergy were worth $2,088,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in EVRG. Exchange Traded Concepts LLC increased its holdings in shares of Evergy by 3.1% in the 3rd quarter. Exchange Traded Concepts LLC now owns 10,457 shares of the company’s stock valued at $530,000 after acquiring an additional 311 shares during the period. Caprock Group LLC increased its stake in Evergy by 4.0% in the third quarter. Caprock Group LLC now owns 5,751 shares of the company’s stock valued at $292,000 after purchasing an additional 222 shares during the period. Czech National Bank increased its stake in Evergy by 47.7% in the third quarter. Czech National Bank now owns 40,147 shares of the company’s stock valued at $2,035,000 after purchasing an additional 12,958 shares during the period. Spirit of America Management Corp NY increased its stake in Evergy by 62.5% in the third quarter. Spirit of America Management Corp NY now owns 1,300 shares of the company’s stock valued at $66,000 after purchasing an additional 500 shares during the period. Finally, Valeo Financial Advisors LLC acquired a new position in Evergy in the third quarter valued at $247,000. 87.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EVRG has been the topic of a number of recent research reports. LADENBURG THALM/SH SH initiated coverage on shares of Evergy in a research note on Thursday, April 4th. They issued a “neutral” rating and a $51.00 price objective on the stock. Bank of America upgraded shares of Evergy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $51.00 to $57.00 in a research note on Wednesday, March 13th. Guggenheim lowered shares of Evergy from a “buy” rating to a “neutral” rating and set a $52.00 price objective on the stock. in a research note on Monday, January 22nd. Citigroup assumed coverage on shares of Evergy in a report on Tuesday, March 26th. They issued a “buy” rating and a $64.00 target price on the stock. Finally, Wells Fargo & Company lowered their target price on shares of Evergy from $60.00 to $57.00 and set an “overweight” rating on the stock in a report on Friday, March 1st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $56.00.

Evergy Stock Down 1.4 %

EVRG stock opened at $51.69 on Friday. The company has a market cap of $11.88 billion, a P/E ratio of 14.56, a P/E/G ratio of 2.69 and a beta of 0.57. Evergy, Inc. has a 52 week low of $46.92 and a 52 week high of $63.39. The company’s 50-day moving average price is $51.39 and its 200 day moving average price is $51.00. The company has a current ratio of 0.51, a quick ratio of 0.29 and a debt-to-equity ratio of 1.14.

Evergy (NYSE:EVRG) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Evergy had a return on equity of 8.47% and a net margin of 13.28%. During the same period in the prior year, the firm posted $0.30 EPS. On average, research analysts expect that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were issued a dividend of $0.6425 per share. This represents a $2.57 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date was Friday, March 8th. Evergy’s dividend payout ratio is currently 80.82%.

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.