SBI Securities Co. Ltd. Makes New $49,000 Investment in Evergy, Inc. (NASDAQ:EVRG)

SBI Securities Co. Ltd. acquired a new stake in shares of Evergy, Inc. (NASDAQ:EVRG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 797 shares of the company’s stock, valued at approximately $49,000.

Other institutional investors also recently modified their holdings of the company. National Pension Service purchased a new stake in Evergy in the 4th quarter valued at about $30,000. Bank of Jackson Hole Trust bought a new position in shares of Evergy in the fourth quarter valued at approximately $31,000. Truvestments Capital LLC purchased a new stake in shares of Evergy during the third quarter valued at approximately $32,000. USA Financial Formulas bought a new stake in Evergy during the fourth quarter worth $73,000. Finally, Venturi Wealth Management LLC boosted its position in Evergy by 230.0% in the third quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company’s stock worth $86,000 after purchasing an additional 966 shares during the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Evergy Trading Down 1.1 %

Evergy stock opened at $65.06 on Tuesday. Evergy, Inc. has a 12 month low of $49.55 and a 12 month high of $69.93. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The business’s fifty day simple moving average is $64.55 and its two-hundred day simple moving average is $62.54. The company has a market capitalization of $14.96 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.35 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 analysts’ expectations of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. As a group, equities analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a yield of 4.10%. Evergy’s payout ratio is currently 70.45%.

Wall Street Analysts Forecast Growth

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

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.