Evergy, Inc. (NASDAQ:EVRG) Shares Bought by Mizuho Securities USA LLC

Mizuho Securities USA LLC grew its holdings in Evergy, Inc. (NASDAQ:EVRG) by 46.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,797 shares of the company’s stock after acquiring an additional 6,885 shares during the quarter. Mizuho Securities USA LLC’s holdings in Evergy were worth $1,342,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Lee Danner & Bass Inc. purchased a new stake in shares of Evergy in the 4th quarter valued at $26,000. National Pension Service acquired a new position in shares of Evergy in the fourth quarter worth about $30,000. Bank of Jackson Hole Trust purchased a new stake in shares of Evergy during the 4th quarter worth about $31,000. Truvestments Capital LLC acquired a new stake in shares of Evergy during the 3rd quarter valued at about $32,000. Finally, Sandy Spring Bank increased its stake in shares of Evergy by 5,983.3% in the 4th quarter. Sandy Spring Bank now owns 730 shares of the company’s stock valued at $45,000 after purchasing an additional 718 shares in the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Trading Down 2.0 %

Shares of Evergy stock opened at $66.17 on Wednesday. Evergy, Inc. has a 1-year low of $49.55 and a 1-year high of $69.93. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. The stock’s 50 day simple moving average is $65.96 and its 200-day simple moving average is $63.19. The stock has a market cap of $15.22 billion, a P/E ratio of 17.88, a P/E/G ratio of 2.82 and a beta of 0.62.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.11). The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. 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 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 4.04%. The ex-dividend date was Monday, March 10th. Evergy’s payout ratio is presently 70.45%.

Analyst Ratings Changes

Several brokerages have recently weighed in on EVRG. Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. UBS Group increased their price objective on shares of Evergy from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Barclays upped their price target on shares of Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Finally, LADENBURG THALM/SH SH upgraded Evergy to a “strong-buy” rating in a report on Monday, March 17th. One research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Evergy currently has a consensus rating of “Buy” and a consensus price target of $68.36.

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.