Evergy, Inc. (NASDAQ:EVRG) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its holdings in shares of Evergy, Inc. (NASDAQ:EVRG) by 6.1% in the fourth quarter, Holdings Channel reports. The firm owned 33,560 shares of the company’s stock after acquiring an additional 1,926 shares during the period. Daiwa Securities Group Inc.’s holdings in Evergy were worth $2,065,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. National Pension Service acquired a new stake in Evergy during the 4th quarter worth approximately $30,000. Bank of Jackson Hole Trust acquired a new stake in Evergy during the 4th quarter worth approximately $31,000. Truvestments Capital LLC acquired a new stake in Evergy during the 3rd quarter worth approximately $32,000. SBI Securities Co. Ltd. acquired a new stake in Evergy during the 4th quarter worth approximately $49,000. Finally, USA Financial Formulas purchased a new position in Evergy in the 4th quarter worth approximately $73,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on EVRG shares. Barclays upped their price target on Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. LADENBURG THALM/SH SH upgraded Evergy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $59.00 to $68.50 in a report on Thursday, January 2nd. Finally, Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.42.

Evergy Stock Performance

Evergy stock opened at $67.45 on Friday. The stock has a market cap of $15.51 billion, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The stock has a 50 day moving average of $64.90 and a 200-day moving average of $62.69. Evergy, Inc. has a 52 week low of $49.55 and a 52 week high of $69.93.

Evergy (NASDAQ:EVRG) last released its earnings results 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 net margin of 14.77% and a return on equity of 8.77%. On average, analysts expect that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 3.96%. The ex-dividend date is Monday, March 10th. Evergy’s dividend payout ratio (DPR) is presently 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.