Mufg Securities Americas Inc. Takes $209,000 Position in Evergy, Inc. (NASDAQ:EVRG)

Mufg Securities Americas Inc. purchased a new stake in shares of Evergy, Inc. (NASDAQ:EVRG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,395 shares of the company’s stock, valued at approximately $209,000.

Several other hedge funds have also modified their holdings of the stock. Miller Howard Investments Inc. NY grew its stake in shares of Evergy by 1.4% during the fourth quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company’s stock valued at $723,000 after purchasing an additional 162 shares during the last quarter. Quent Capital LLC boosted its stake in Evergy by 4.6% in the fourth quarter. Quent Capital LLC now owns 3,692 shares of the company’s stock valued at $227,000 after acquiring an additional 163 shares during the last quarter. Mather Group LLC. boosted its stake in Evergy by 5.7% in the fourth quarter. Mather Group LLC. now owns 3,231 shares of the company’s stock valued at $199,000 after acquiring an additional 173 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its stake in Evergy by 2.5% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 7,322 shares of the company’s stock valued at $451,000 after acquiring an additional 182 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC boosted its stake in Evergy by 5.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,873 shares of the company’s stock valued at $238,000 after acquiring an additional 190 shares during the last quarter. 87.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on EVRG shares. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Citigroup raised their price objective on shares of Evergy from $77.00 to $79.00 and gave the company a “buy” rating in a research note on Friday. UBS Group raised shares of Evergy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $68.00 to $78.00 in a research note on Monday, April 28th. Barclays raised their price objective on shares of Evergy from $72.00 to $73.00 and gave the company an “overweight” rating in a research note on Tuesday, April 22nd. Finally, LADENBURG THALM/SH SH raised shares of Evergy to a “strong-buy” rating in a research note on Thursday, May 8th. Eight investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $72.44.

Evergy Trading Up 1.9%

Shares of NASDAQ EVRG opened at $66.93 on Friday. The company’s fifty day moving average is $67.31 and its 200-day moving average is $64.95. The stock has a market cap of $15.40 billion, a price-to-earnings ratio of 18.09, a P/E/G ratio of 2.82 and a beta of 0.53. Evergy, Inc. has a twelve month low of $52.10 and a twelve month high of $70.36. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.12). The firm had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.21 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. During the same period in the prior year, the business earned $0.54 earnings per share. Equities research analysts predict that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Friday, May 23rd. Evergy’s payout ratio is presently 70.26%.

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.