SteelPeak Wealth LLC Acquires Shares of 15,580 Evergy, Inc. (NASDAQ:EVRG)

SteelPeak Wealth LLC acquired a new stake in shares of Evergy, Inc. (NASDAQ:EVRG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 15,580 shares of the company’s stock, valued at approximately $959,000.

A number of other institutional investors have also made changes to their positions in EVRG. Pathway Financial Advisers LLC increased its stake in Evergy by 6,854.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company’s stock worth $157,443,000 after buying an additional 2,502,493 shares during the period. Mizuho Securities USA LLC increased its position in shares of Evergy by 7,234.3% during the third quarter. Mizuho Securities USA LLC now owns 1,300,000 shares of the company’s stock worth $80,613,000 after acquiring an additional 1,282,275 shares during the last quarter. FMR LLC lifted its stake in shares of Evergy by 131.4% in the third quarter. FMR LLC now owns 2,004,414 shares of the company’s stock worth $124,294,000 after acquiring an additional 1,138,138 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Evergy by 15,406.4% in the fourth quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock valued at $56,721,000 after purchasing an additional 915,603 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in Evergy by 2,628.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 725,367 shares of the company’s stock valued at $44,980,000 after purchasing an additional 698,778 shares in the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Mizuho started coverage on shares of Evergy in a research note on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price objective on the stock. LADENBURG THALM/SH SH upgraded shares of Evergy from a “neutral” rating to a “buy” rating and upped their target price for the company from $59.00 to $68.50 in a research note on Thursday, January 2nd. Barclays reduced their price target on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Wells Fargo & Company boosted their price objective on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $65.36.

Evergy Price Performance

Shares of NASDAQ:EVRG opened at $63.02 on Thursday. The company has a market cap of $14.49 billion, a PE ratio of 17.03, a P/E/G ratio of 2.75 and a beta of 0.64. Evergy, Inc. has a fifty-two week low of $48.04 and a fifty-two week high of $65.47. The firm has a 50-day simple moving average of $62.41 and a 200 day simple moving average of $60.77. 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 posted its earnings results on Thursday, November 7th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.95 by $0.07. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.35 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The business’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.88 earnings per share. On average, sell-side analysts anticipate that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.6675 per share. This is an increase from Evergy’s previous quarterly dividend of $0.64. The ex-dividend date was Thursday, November 21st. This represents a $2.67 annualized dividend and a dividend yield of 4.24%. Evergy’s payout ratio is 72.16%.

Insider Transactions at Evergy

In related news, EVP Kevin E. Bryant sold 48,141 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $62.93, for a total value of $3,029,513.13. Following the sale, the executive vice president now directly owns 1 shares in the company, valued at $62.93. This trade represents a 100.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.47% of the company’s stock.

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.