Greenland Capital Management LP Has $11.22 Million Stock Position in Evergy Inc. $EVRG

Greenland Capital Management LP boosted its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 28.8% in the third quarter, HoldingsChannel reports. The fund owned 147,531 shares of the company’s stock after buying an additional 32,995 shares during the quarter. Evergy accounts for 1.1% of Greenland Capital Management LP’s portfolio, making the stock its 12th biggest holding. Greenland Capital Management LP’s holdings in Evergy were worth $11,215,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Evergy by 1.7% in the second quarter. Vanguard Group Inc. now owns 30,966,777 shares of the company’s stock worth $2,134,540,000 after purchasing an additional 521,310 shares in the last quarter. Geode Capital Management LLC increased its stake in Evergy by 2.8% in the 2nd quarter. Geode Capital Management LLC now owns 6,257,857 shares of the company’s stock valued at $429,677,000 after buying an additional 170,953 shares during the period. Franklin Resources Inc. lifted its position in Evergy by 2.1% in the 2nd quarter. Franklin Resources Inc. now owns 5,807,034 shares of the company’s stock worth $400,279,000 after buying an additional 118,124 shares in the last quarter. Federated Hermes Inc. lifted its position in Evergy by 0.5% in the 3rd quarter. Federated Hermes Inc. now owns 3,702,734 shares of the company’s stock worth $281,482,000 after buying an additional 17,592 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Evergy by 44.4% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,470,917 shares of the company’s stock valued at $170,320,000 after buying an additional 760,301 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Price Performance

Shares of NASDAQ:EVRG opened at $82.11 on Tuesday. Evergy Inc. has a fifty-two week low of $61.94 and a fifty-two week high of $83.19. The business has a 50-day moving average of $75.89 and a two-hundred day moving average of $75.15. The stock has a market capitalization of $18.91 billion, a P/E ratio of 22.37, a P/E/G ratio of 3.18 and a beta of 0.66. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.49 and a quick ratio of 0.27.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings data on Saturday, January 31st. The company reported $0.42 EPS for the quarter. Evergy had a return on equity of 8.79% and a net margin of 14.35%. On average, equities research analysts predict that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be issued a dividend of $0.695 per share. This represents a $2.78 annualized dividend and a yield of 3.4%. The ex-dividend date is Tuesday, March 10th. Evergy’s dividend payout ratio (DPR) is 75.75%.

Analyst Ratings Changes

EVRG has been the topic of a number of research reports. BMO Capital Markets upped their price target on shares of Evergy from $82.00 to $87.00 and gave the stock an “outperform” rating in a research note on Monday. UBS Group downgraded Evergy from a “buy” rating to a “neutral” rating and boosted their target price for the company from $86.00 to $88.00 in a research note on Friday, February 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Evergy in a research note on Monday, December 29th. Wells Fargo & Company lifted their price target on Evergy from $79.00 to $83.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Mizuho set a $82.00 price objective on Evergy in a report on Monday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $86.88.

About Evergy

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.