Bank of New York Mellon Corp Has $189.91 Million Holdings in Evergy, Inc. (NASDAQ:EVRG)

Bank of New York Mellon Corp grew its holdings in Evergy, Inc. (NASDAQ:EVRG) by 9.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,085,401 shares of the company’s stock after purchasing an additional 256,978 shares during the period. Bank of New York Mellon Corp owned about 1.34% of Evergy worth $189,906,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Miller Howard Investments Inc. NY raised 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 worth $723,000 after acquiring an additional 162 shares in the last quarter. Quent Capital LLC raised its stake in shares of Evergy by 4.6% during the 4th quarter. Quent Capital LLC now owns 3,692 shares of the company’s stock worth $227,000 after purchasing an additional 163 shares in the last quarter. Sunbelt Securities Inc. lifted its holdings in shares of Evergy by 2.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company’s stock valued at $482,000 after buying an additional 168 shares during the last quarter. Empirical Finance LLC lifted its holdings in shares of Evergy by 2.3% during the 3rd quarter. Empirical Finance LLC now owns 7,751 shares of the company’s stock valued at $481,000 after buying an additional 171 shares during the last quarter. Finally, Mather Group LLC. grew its stake in shares of Evergy by 5.7% in the 4th 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 hedge funds and other institutional investors.

Evergy Price Performance

NASDAQ EVRG opened at $68.56 on Friday. Evergy, Inc. has a 1 year low of $48.60 and a 1 year high of $69.90. The company has a fifty day simple moving average of $63.85 and a 200 day simple moving average of $62.12. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The company has a market cap of $15.77 billion, a P/E ratio of 18.53, a P/E/G ratio of 2.82 and a beta of 0.66.

Evergy (NASDAQ:EVRG) last released its quarterly 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 firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. On average, sell-side analysts predict that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 3.89%. Evergy’s dividend payout ratio is currently 72.16%.

Wall Street Analyst Weigh In

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

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.