Ossiam Purchases Shares of 150,400 Evergy, Inc. (NYSE:EVRG)

Ossiam acquired a new position in Evergy, Inc. (NYSE:EVRG) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 150,400 shares of the company’s stock, valued at approximately $8,028,000. Ossiam owned about 0.07% of Evergy as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Natixis raised its holdings in shares of Evergy by 312.9% during the first quarter. Natixis now owns 180,541 shares of the company’s stock worth $9,637,000 after purchasing an additional 136,816 shares during the last quarter. National Bank of Canada FI raised its stake in shares of Evergy by 132.9% during the 1st quarter. National Bank of Canada FI now owns 652,401 shares of the company’s stock valued at $36,156,000 after buying an additional 372,314 shares during the last quarter. Bessemer Group Inc. lifted its holdings in shares of Evergy by 31.9% in the 1st quarter. Bessemer Group Inc. now owns 2,922 shares of the company’s stock valued at $157,000 after buying an additional 706 shares during the period. UniSuper Management Pty Ltd boosted its stake in shares of Evergy by 606.2% in the first quarter. UniSuper Management Pty Ltd now owns 20,403 shares of the company’s stock worth $1,089,000 after buying an additional 17,514 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new stake in Evergy during the first quarter worth about $290,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analyst Ratings Changes

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

Evergy Price Performance

NYSE:EVRG traded up $0.11 during trading hours on Thursday, hitting $56.33. 2,094,403 shares of the stock were exchanged, compared to its average volume of 2,193,377. The firm’s fifty day moving average price is $53.77 and its 200 day moving average price is $52.42. Evergy, Inc. has a 52-week low of $46.92 and a 52-week high of $61.74. The company has a market cap of $12.95 billion, a P/E ratio of 18.23, a P/E/G 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 (NYSE:EVRG) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.07). The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Evergy had a return on equity of 8.32% and a net margin of 12.84%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 earnings per share. As a group, equities research analysts anticipate that Evergy, Inc. will post 3.85 EPS for the current fiscal year.

Evergy Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Friday, May 17th. This represents a $2.57 dividend on an annualized basis and a yield of 4.56%. Evergy’s payout ratio is presently 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.