Atria Investments Inc Has $493,000 Stock Position in Evergy, Inc. (NASDAQ:EVRG)

Atria Investments Inc lifted its stake in Evergy, Inc. (NASDAQ:EVRG) by 101.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,016 shares of the company’s stock after purchasing an additional 4,030 shares during the quarter. Atria Investments Inc’s holdings in Evergy were worth $493,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of EVRG. National Pension Service acquired a new stake in Evergy during the 4th quarter worth about $30,000. Bank of Jackson Hole Trust acquired a new stake in Evergy during the 4th quarter worth about $31,000. Truvestments Capital LLC acquired a new stake in Evergy during the 3rd quarter worth about $32,000. SBI Securities Co. Ltd. acquired a new stake in Evergy during the 4th quarter worth about $49,000. Finally, USA Financial Formulas acquired a new stake in Evergy during the 4th quarter worth about $73,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Stock Up 1.3 %

Shares of EVRG stock opened at $67.45 on Friday. The stock’s 50 day simple moving average is $65.02 and its 200 day simple moving average is $62.78. 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 twelve month low of $49.55 and a twelve month high of $69.93. The company has a market capitalization of $15.51 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 2.82 and a beta of 0.62.

Evergy (NASDAQ:EVRG) last issued 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). Evergy had a net margin of 14.77% and a return on equity of 8.77%. The company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. As a group, research analysts predict that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 3.96%. The ex-dividend date is Monday, March 10th. Evergy’s dividend payout ratio is currently 70.45%.

Analysts Set New Price Targets

EVRG has been the subject of a number of research reports. LADENBURG THALM/SH SH upgraded Evergy from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $59.00 to $68.50 in a research report on Thursday, January 2nd. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Barclays raised their price objective on Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $68.42.

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.