Natixis Boosts Stock Position in Evergy, Inc. (NYSE:EVRG)

Natixis boosted its holdings in shares of Evergy, Inc. (NYSE:EVRG) by 312.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 180,541 shares of the company’s stock after acquiring an additional 136,816 shares during the quarter. Natixis owned 0.08% of Evergy worth $9,637,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of Evergy by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 31,046,328 shares of the company’s stock worth $1,657,253,000 after buying an additional 288,913 shares during the period. Point72 Asset Management L.P. lifted its holdings in shares of Evergy by 1,038.7% in the 4th quarter. Point72 Asset Management L.P. now owns 3,612,200 shares of the company’s stock worth $188,557,000 after buying an additional 3,294,967 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Evergy by 41.3% in the 4th quarter. Federated Hermes Inc. now owns 2,942,415 shares of the company’s stock worth $153,594,000 after buying an additional 860,433 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Evergy by 5.3% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,686,541 shares of the company’s stock worth $141,787,000 after buying an additional 134,236 shares during the period. Finally, Manning & Napier Group LLC lifted its holdings in shares of Evergy by 76.6% in the 4th quarter. Manning & Napier Group LLC now owns 2,183,788 shares of the company’s stock worth $113,994,000 after buying an additional 947,196 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on EVRG. Wells Fargo & Company upped their target price on Evergy from $57.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. Barclays upped their target price on Evergy from $56.00 to $61.00 and gave the stock an “overweight” rating in a report on Tuesday, May 14th. Finally, LADENBURG THALM/SH SH began coverage on Evergy in a research report on Thursday, April 4th. They issued a “neutral” rating and a $51.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Evergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $57.83.

Evergy Stock Up 0.2 %

Shares of EVRG traded up $0.11 during trading hours on Thursday, hitting $56.33. The company had a trading volume of 2,094,403 shares, compared to its average volume of 2,193,377. The company has a market capitalization of $12.95 billion, a PE ratio of 18.23, a price-to-earnings-growth ratio of 2.87 and a beta of 0.60. The company has a current ratio of 0.57, a quick ratio of 0.32 and a debt-to-equity ratio of 1.21. Evergy, Inc. has a one year low of $46.92 and a one year high of $61.74. The company’s fifty day moving average price is $53.77 and its two-hundred day moving average price is $52.42.

Evergy (NYSE:EVRG) last announced its earnings results on Thursday, May 9th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.07). Evergy had a net margin of 12.84% and a return on equity of 8.32%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same period in the prior year, the company earned $0.59 earnings per share. The company’s quarterly revenue was up 2.6% on a year-over-year basis. As a group, equities analysts forecast that Evergy, Inc. will post 3.85 earnings per share for the current fiscal year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Monday, May 20th were given a dividend of $0.6425 per share. This represents a $2.57 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend was Friday, May 17th. Evergy’s dividend payout ratio is currently 83.17%.

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.