Evergy, Inc. (NYSE:EVRG) Shares Purchased by BTG Pactual Global Asset Management Ltd

BTG Pactual Global Asset Management Ltd increased its holdings in shares of Evergy, Inc. (NYSE:EVRG) by 405.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 127,113 shares of the company’s stock after purchasing an additional 101,966 shares during the period. Evergy comprises 2.6% of BTG Pactual Global Asset Management Ltd’s holdings, making the stock its 10th largest holding. BTG Pactual Global Asset Management Ltd’s holdings in Evergy were worth $6,635,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EVRG. CVA Family Office LLC purchased a new stake in shares of Evergy during the fourth quarter worth about $29,000. Itau Unibanco Holding S.A. acquired a new position in Evergy during the 3rd quarter valued at approximately $35,000. Hexagon Capital Partners LLC raised its holdings in shares of Evergy by 222.2% in the fourth quarter. Hexagon Capital Partners LLC now owns 667 shares of the company’s stock worth $35,000 after buying an additional 460 shares during the last quarter. MV Capital Management Inc. raised its holdings in shares of Evergy by 3,263.6% in the fourth quarter. MV Capital Management Inc. now owns 740 shares of the company’s stock worth $39,000 after buying an additional 718 shares during the last quarter. Finally, Headinvest LLC acquired a new stake in shares of Evergy during the third quarter worth $40,000. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. LADENBURG THALM/SH SH started coverage on Evergy in a research report on Thursday, April 4th. They issued a “neutral” rating and a $51.00 target price on the stock. Citigroup started coverage on Evergy in a report on Tuesday, March 26th. They issued a “buy” rating and a $64.00 price objective on the stock. Bank of America raised Evergy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $51.00 to $57.00 in a report on Wednesday, March 13th. Wells Fargo & Company increased their price target on shares of Evergy from $57.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. Finally, Barclays lifted their price objective on shares of Evergy from $56.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday, May 14th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $57.83.

Evergy Stock Performance

Evergy stock traded up $1.37 during midday trading on Friday, hitting $54.66. 3,494,210 shares of the company were exchanged, compared to its average volume of 2,054,969. The business has a fifty day simple moving average of $53.14 and a two-hundred day simple moving average of $51.86. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.32 and a current ratio of 0.57. The firm has a market capitalization of $12.57 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 2.85 and a beta of 0.57. Evergy, Inc. has a fifty-two week low of $46.92 and a fifty-two week high of $61.84.

Evergy (NYSE:EVRG) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.07). Evergy had a return on equity of 8.32% and a net margin of 12.84%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the previous year, the business earned $0.59 EPS. Evergy’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, sell-side analysts forecast that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, May 20th will be issued a $0.6425 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $2.57 dividend on an annualized basis and a yield of 4.70%. Evergy’s payout ratio is 83.17%.

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.