Metis Global Partners LLC Buys 290 Shares of Evergy, Inc. (NASDAQ:EVRG)

Metis Global Partners LLC raised its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 3.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,646 shares of the company’s stock after acquiring an additional 290 shares during the quarter. Metis Global Partners LLC’s holdings in Evergy were worth $471,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Miller Howard Investments Inc. NY lifted its holdings in shares of Evergy by 1.4% during the fourth quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company’s stock valued at $723,000 after acquiring an additional 162 shares during the period. Quent Capital LLC lifted its holdings in shares of Evergy by 4.6% during the fourth quarter. Quent Capital LLC now owns 3,692 shares of the company’s stock valued at $227,000 after acquiring an additional 163 shares during the period. Sunbelt Securities Inc. lifted its holdings in shares of Evergy by 2.2% during the third quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company’s stock valued at $482,000 after acquiring an additional 168 shares during the period. Empirical Finance LLC lifted its holdings in shares of Evergy by 2.3% during the third quarter. Empirical Finance LLC now owns 7,751 shares of the company’s stock valued at $481,000 after acquiring an additional 171 shares during the period. Finally, Mather Group LLC. increased its stake in shares of Evergy by 5.7% in the fourth quarter. Mather Group LLC. now owns 3,231 shares of the company’s stock valued at $199,000 after buying an additional 173 shares in the last quarter. 87.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

EVRG has been the subject of a number of research reports. LADENBURG THALM/SH SH upgraded Evergy from a “neutral” rating to a “buy” rating and raised their target price for the company from $59.00 to $68.50 in a research note on Thursday, January 2nd. Barclays lowered their target price on Evergy from $65.00 to $62.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Finally, Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Evergy presently has an average rating of “Moderate Buy” and a consensus price target of $65.36.

Evergy Price Performance

Shares of EVRG stock opened at $66.97 on Thursday. The stock has a 50-day moving average price of $64.29 and a 200 day moving average price of $62.38. 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 firm has a market cap of $15.40 billion, a price-to-earnings ratio of 18.10, a PEG ratio of 2.82 and a beta of 0.62. Evergy, Inc. has a 12 month low of $49.55 and a 12 month high of $69.93.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Thursday, February 27th. The company reported $0.35 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 analyst estimates of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. Research analysts expect that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be given a dividend of $0.6675 per share. The ex-dividend date is Monday, March 10th. This represents a $2.67 annualized dividend and a dividend yield of 3.99%. Evergy’s payout ratio is currently 70.45%.

Evergy Company 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.