Farther Finance Advisors LLC Buys 468 Shares of Evergy, Inc. (NASDAQ:EVRG)

Farther Finance Advisors LLC grew its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 20.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,705 shares of the company’s stock after acquiring an additional 468 shares during the quarter. Farther Finance Advisors LLC’s holdings in Evergy were worth $166,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of EVRG. CIBC Asset Management Inc lifted its position in shares of Evergy by 7.1% during the 3rd quarter. CIBC Asset Management Inc now owns 39,139 shares of the company’s stock valued at $2,427,000 after acquiring an additional 2,581 shares during the period. Empowered Funds LLC bought a new stake in shares of Evergy during the 3rd quarter worth $226,000. Natixis Advisors LLC lifted its position in shares of Evergy by 1.1% during the 3rd quarter. Natixis Advisors LLC now owns 85,855 shares of the company’s stock worth $5,324,000 after buying an additional 939 shares during the last quarter. Swiss National Bank lifted its position in shares of Evergy by 0.3% during the 3rd quarter. Swiss National Bank now owns 682,426 shares of the company’s stock worth $42,317,000 after buying an additional 2,200 shares during the last quarter. Finally, Meeder Advisory Services Inc. lifted its position in shares of Evergy by 28.9% during the 3rd quarter. Meeder Advisory Services Inc. now owns 11,029 shares of the company’s stock worth $684,000 after buying an additional 2,473 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on EVRG shares. LADENBURG THALM/SH SH upgraded Evergy to a “strong-buy” rating in a research report on Monday. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Barclays upped 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 equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $68.42.

Evergy Price Performance

Shares of EVRG opened at $67.76 on Thursday. Evergy, Inc. has a 12-month low of $49.55 and a 12-month high of $69.93. The business has a 50-day simple moving average of $65.43 and a two-hundred day simple moving average of $62.96. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The stock has a market cap of $15.59 billion, a PE ratio of 18.31, a PEG ratio of 2.82 and a beta of 0.62.

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

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.67 annualized dividend and a dividend yield of 3.94%. Evergy’s payout ratio is 70.45%.

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.