SBI Securities Co. Ltd. Buys New Shares in Evergy, Inc. (NASDAQ:EVRG)

SBI Securities Co. Ltd. purchased a new position in Evergy, Inc. (NASDAQ:EVRG) in the fourth quarter, Holdings Channel.com reports. The firm purchased 797 shares of the company’s stock, valued at approximately $49,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Mizuho Securities USA LLC raised its stake in Evergy by 7,234.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 1,300,000 shares of the company’s stock valued at $80,613,000 after purchasing an additional 1,282,275 shares during the period. FMR LLC grew its holdings in Evergy by 131.4% during the 3rd quarter. FMR LLC now owns 2,004,414 shares of the company’s stock valued at $124,294,000 after buying an additional 1,138,138 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Evergy by 15,406.4% during the fourth quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock valued at $56,721,000 after buying an additional 915,603 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Evergy by 42.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,135,011 shares of the company’s stock worth $132,392,000 after buying an additional 634,735 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its position in shares of Evergy by 25.8% during the third quarter. Point72 Asset Management L.P. now owns 2,848,735 shares of the company’s stock worth $176,650,000 after acquiring an additional 583,923 shares during the last quarter. 87.24% of the stock is owned by institutional investors.

Evergy Stock Down 1.1 %

Shares of EVRG stock opened at $65.06 on Tuesday. Evergy, Inc. has a fifty-two week low of $49.55 and a fifty-two week high of $69.93. The firm has a market capitalization of $14.96 billion, a PE ratio of 17.58, a P/E/G ratio of 2.82 and a beta of 0.62. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The stock’s 50-day simple moving average is $64.55 and its 200-day simple moving average is $62.54.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11). The company 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%. Equities analysts expect that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.10%. The ex-dividend date is Monday, March 10th. Evergy’s payout ratio is presently 70.45%.

Wall Street Analysts Forecast Growth

EVRG has been the topic of several research analyst reports. Barclays boosted their price target on shares of Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday. LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and increased their price target for the company from $59.00 to $68.50 in a research note on Thursday, January 2nd. Finally, Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.79.

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.