Bailard Inc. Buys 4,137 Shares of Evergy, Inc. (NASDAQ:EVRG)

Bailard Inc. increased its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 9.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 45,842 shares of the company’s stock after buying an additional 4,137 shares during the period. Bailard Inc.’s holdings in Evergy were worth $2,822,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of EVRG. National Pension Service acquired a new stake in Evergy during the fourth quarter worth approximately $30,000. Bank of Jackson Hole Trust acquired a new stake in Evergy during the 4th quarter worth approximately $31,000. Truvestments Capital LLC bought a new stake in Evergy in the 3rd quarter valued at $32,000. Sentry Investment Management LLC acquired a new position in Evergy in the 3rd quarter valued at $51,000. Finally, USA Financial Formulas bought a new position in Evergy during the 4th quarter worth $73,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analyst Ratings Changes

EVRG has been the subject of a number of recent research reports. 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 report on Monday, January 27th. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH upgraded shares of Evergy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $59.00 to $68.50 in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $65.36.

Evergy Trading Up 0.5 %

Shares of Evergy stock opened at $68.91 on Monday. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a 12-month low of $48.60 and a 12-month high of $69.90. The company has a market capitalization of $15.85 billion, a price-to-earnings ratio of 18.62, a PEG ratio of 2.82 and a beta of 0.66. The firm’s 50-day moving average price is $64.00 and its two-hundred day moving average price is $62.24.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.11). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. On average, analysts forecast that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors 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 3.87%. Evergy’s dividend payout ratio is currently 70.45%.

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.