Evergy, Inc. (NASDAQ:EVRG) Position Increased by Amalgamated Bank

Amalgamated Bank increased its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 1.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 45,435 shares of the company’s stock after acquiring an additional 633 shares during the period. Amalgamated Bank’s holdings in Evergy were worth $2,797,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in EVRG. Bank of Jackson Hole Trust acquired a new position in shares of Evergy during the fourth quarter valued at $31,000. Truvestments Capital LLC bought a new stake in Evergy in the 3rd quarter valued at about $32,000. Sentry Investment Management LLC acquired a new position in Evergy during the 3rd quarter valued at about $51,000. USA Financial Formulas bought a new position in Evergy in the 4th quarter worth about $73,000. Finally, Venturi Wealth Management LLC grew its position in Evergy by 230.0% in the 3rd 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.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on EVRG shares. Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $59.00 to $68.50 in a research note on Thursday, January 2nd. Finally, Barclays decreased their price target on Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Evergy currently has an average rating of “Moderate Buy” and a consensus price target of $65.36.

Evergy Stock Performance

EVRG opened at $68.91 on Friday. Evergy, Inc. has a 1-year low of $48.60 and a 1-year high of $69.90. The company has a market capitalization of $15.85 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 2.82 and a beta of 0.66. The business has a 50 day moving average price of $64.00 and a two-hundred day moving average price of $62.22. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.11). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. Research analysts predict that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a $0.6675 dividend. The ex-dividend date is Monday, March 10th. This represents a $2.67 annualized dividend and a dividend yield of 3.87%. Evergy’s dividend payout ratio is currently 70.45%.

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.