Meiji Yasuda Asset Management Co Ltd. Has $488,000 Stock Position in Evergy, Inc. (NASDAQ:EVRG)

Meiji Yasuda Asset Management Co Ltd. boosted its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 6.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,926 shares of the company’s stock after buying an additional 490 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Evergy were worth $488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Evergy Stock Down 0.0 %

Shares of NASDAQ:EVRG opened at $67.32 on Friday. The company’s fifty day moving average is $66.16 and its 200-day moving average is $63.25. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. Evergy, Inc. has a 52 week low of $49.55 and a 52 week high of $69.93. The company has a market capitalization of $15.48 billion, a PE ratio of 18.19, a P/E/G ratio of 2.82 and a beta of 0.62.

Evergy (NASDAQ:EVRG) last released its quarterly earnings results on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11). The firm 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 earnings per share for the current fiscal year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 10th were issued a dividend of $0.6675 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a yield of 3.97%. Evergy’s dividend payout ratio is 70.45%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Barclays boosted their price objective on Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. LADENBURG THALM/SH SH upgraded shares of Evergy to a “strong-buy” rating in a research note on Monday, March 17th. UBS Group lifted their target price on shares of Evergy from $66.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday, March 21st. Finally, Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Evergy currently has an average rating of “Buy” and a consensus target price of $69.08.

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.