Mitsubishi UFJ Asset Management Co. Ltd. Has $22.21 Million Stock Holdings in Evergy, Inc. (NASDAQ:EVRG)

Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Evergy, Inc. (NASDAQ:EVRG) by 7.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 360,846 shares of the company’s stock after acquiring an additional 25,127 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Evergy were worth $22,210,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. FMR LLC raised its holdings in Evergy by 131.4% during the 3rd quarter. FMR LLC now owns 2,004,414 shares of the company’s stock worth $124,294,000 after purchasing an additional 1,138,138 shares during the last quarter. SG Americas Securities LLC raised its stake in Evergy by 15,406.4% during the fourth quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock worth $56,721,000 after buying an additional 915,603 shares during the last quarter. Brandes Investment Partners LP acquired a new position in Evergy in the fourth quarter valued at $55,652,000. Point72 Asset Management L.P. boosted its position in Evergy by 25.8% during the third quarter. Point72 Asset Management L.P. now owns 2,848,735 shares of the company’s stock valued at $176,650,000 after acquiring an additional 583,923 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Evergy during the fourth quarter valued at $32,488,000. 87.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. UBS Group lifted their target price on Evergy from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. Barclays increased their price target on Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a report on Friday, March 7th. Finally, LADENBURG THALM/SH SH upgraded shares of Evergy to a “strong-buy” rating in a research note on Monday, March 17th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Evergy presently has an average rating of “Buy” and an average price target of $69.08.

Evergy Stock Up 0.8 %

Shares of NASDAQ:EVRG opened at $67.87 on Monday. 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 52-week low of $49.55 and a 52-week high of $69.93. The business’s 50 day simple moving average is $66.26 and its two-hundred day simple moving average is $63.34. The firm has a market cap of $15.61 billion, a P/E ratio of 18.34, 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). The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. As a group, research analysts forecast that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend was Monday, March 10th. Evergy’s payout ratio is presently 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.