Quest Partners LLC Makes New Investment in Evergy, Inc. (NYSE:EVRG)

Quest Partners LLC purchased a new position in shares of Evergy, Inc. (NYSE:EVRG) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 11,278 shares of the company’s stock, valued at approximately $589,000.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Evergy by 0.6% during the third quarter. Vanguard Group Inc. now owns 29,358,216 shares of the company’s stock worth $1,488,462,000 after buying an additional 186,235 shares in the last quarter. Invesco Ltd. boosted its stake in Evergy by 5.1% during the third quarter. Invesco Ltd. now owns 5,379,004 shares of the company’s stock worth $272,716,000 after buying an additional 261,664 shares in the last quarter. Northern Trust Corp boosted its stake in Evergy by 1.4% during the third quarter. Northern Trust Corp now owns 2,958,136 shares of the company’s stock worth $149,977,000 after buying an additional 40,916 shares in the last quarter. Federated Hermes Inc. boosted its stake in Evergy by 41.3% during the fourth quarter. Federated Hermes Inc. now owns 2,942,415 shares of the company’s stock worth $153,594,000 after buying an additional 860,433 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Evergy by 11.6% in the 3rd quarter. American Century Companies Inc. now owns 2,670,913 shares of the company’s stock valued at $135,415,000 after purchasing an additional 277,892 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Price Performance

Shares of EVRG opened at $54.84 on Thursday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.32 and a current ratio of 0.57. The stock has a 50 day simple moving average of $52.89 and a 200 day simple moving average of $51.67. Evergy, Inc. has a 52-week low of $46.92 and a 52-week high of $61.84. The firm has a market capitalization of $12.61 billion, a PE ratio of 17.75, a P/E/G ratio of 2.90 and a beta of 0.57.

Evergy (NYSE:EVRG) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.07). Evergy had a net margin of 12.84% and a return on equity of 8.32%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Evergy’s revenue for the quarter was up 2.6% compared to the same quarter last year. Sell-side analysts predict that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, May 20th will be given a dividend of $0.6425 per share. This represents a $2.57 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date of this dividend is Friday, May 17th. Evergy’s dividend payout ratio (DPR) is currently 83.17%.

Analysts Set New Price Targets

EVRG has been the topic of several recent analyst reports. Citigroup initiated coverage on shares of Evergy in a research note on Tuesday, March 26th. They issued a “buy” rating and a $64.00 target price on the stock. 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 target price on the stock. Bank of America upgraded shares of Evergy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $51.00 to $57.00 in a research note on Wednesday, March 13th. Wells Fargo & Company upped their price target on shares of Evergy from $57.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Finally, Barclays boosted their price objective on Evergy from $56.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, May 14th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $57.83.

Evergy Company 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.