Evergy, Inc. (NASDAQ:EVRG) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its stake in Evergy, Inc. (NASDAQ:EVRG) by 1.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,160,492 shares of the company’s stock after purchasing an additional 25,481 shares during the period. Charles Schwab Investment Management Inc. owned 0.94% of Evergy worth $132,978,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. National Pension Service acquired a new stake in Evergy in the 4th quarter worth approximately $30,000. Bank of Jackson Hole Trust purchased a new position in Evergy during the 4th quarter worth approximately $31,000. Truvestments Capital LLC purchased a new position in Evergy during the 3rd quarter worth approximately $32,000. SBI Securities Co. Ltd. purchased a new position in Evergy during the 4th quarter worth approximately $49,000. Finally, USA Financial Formulas purchased a new position in Evergy during the 4th quarter worth approximately $73,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EVRG. LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and raised their price target for the stock from $59.00 to $68.50 in a research report on Thursday, January 2nd. Barclays raised their price target on shares of Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $66.79.

Evergy Price Performance

NASDAQ:EVRG opened at $65.80 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. The firm has a market cap of $15.13 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62. The company has a 50 day moving average price of $64.47 and a 200-day moving average price of $62.43. Evergy, Inc. has a 1-year low of $49.55 and a 1-year high of $69.93.

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

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend is Monday, March 10th. Evergy’s payout ratio is presently 70.45%.

Evergy Company 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.