Tradewinds LLC. Invests $236,000 in Evergy, Inc. (NASDAQ:EVRG)

Tradewinds LLC. purchased a new stake in Evergy, Inc. (NASDAQ:EVRG) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 3,598 shares of the company’s stock, valued at approximately $236,000.

A number of other large investors have also recently bought and sold shares of the business. National Bank of Canada FI boosted its stake in shares of Evergy by 24.8% during the fourth quarter. National Bank of Canada FI now owns 339,685 shares of the company’s stock worth $20,908,000 after buying an additional 67,556 shares during the period. HighPoint Advisor Group LLC increased its position in Evergy by 21.6% in the 4th quarter. HighPoint Advisor Group LLC now owns 10,381 shares of the company’s stock valued at $687,000 after acquiring an additional 1,846 shares during the period. Franklin Resources Inc. raised its stake in Evergy by 2.3% during the 4th quarter. Franklin Resources Inc. now owns 5,660,930 shares of the company’s stock valued at $348,430,000 after acquiring an additional 128,211 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its position in Evergy by 60.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 16,620 shares of the company’s stock worth $1,023,000 after acquiring an additional 6,248 shares during the period. Finally, Clearbridge Investments LLC grew its stake in shares of Evergy by 21.3% in the 4th quarter. Clearbridge Investments LLC now owns 32,307 shares of the company’s stock valued at $1,988,000 after purchasing an additional 5,681 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on EVRG. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Barclays upped their price objective on shares of Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. UBS Group lifted their target price on shares of Evergy from $66.00 to $68.00 and gave the company a “neutral” rating in a report on Friday, March 21st. Finally, LADENBURG THALM/SH SH upgraded shares of Evergy to a “strong-buy” rating in a research note on Monday, March 17th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $69.08.

Evergy Stock Performance

Shares of EVRG opened at $69.01 on Wednesday. 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, Inc. has a 52-week low of $49.55 and a 52-week high of $69.93. The company has a 50-day simple moving average of $66.48 and a 200-day simple moving average of $63.46. The company has a market capitalization of $15.87 billion, a PE ratio of 18.65, a P/E/G 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 company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. Equities research analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were given a dividend of $0.6675 per share. The ex-dividend date was Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a yield of 3.87%. 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.