Cibc World Markets Corp Buys 5,019 Shares of Evergy, Inc. (NASDAQ:EVRG)

Cibc World Markets Corp raised its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 16.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 36,272 shares of the company’s stock after purchasing an additional 5,019 shares during the quarter. Cibc World Markets Corp’s holdings in Evergy were worth $2,233,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Corient Private Wealth LLC increased its holdings in shares of Evergy by 2.6% during the 4th quarter. Corient Private Wealth LLC now owns 44,915 shares of the company’s stock worth $2,765,000 after purchasing an additional 1,131 shares during the period. Natixis Advisors LLC increased its stake in Evergy by 3.5% in the fourth quarter. Natixis Advisors LLC now owns 88,829 shares of the company’s stock valued at $5,467,000 after acquiring an additional 2,974 shares during the period. Brandes Investment Partners LP bought a new stake in Evergy in the fourth quarter valued at about $55,652,000. Avantax Advisory Services Inc. increased its stake in Evergy by 0.7% in the fourth quarter. Avantax Advisory Services Inc. now owns 73,068 shares of the company’s stock valued at $4,497,000 after acquiring an additional 488 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in Evergy by 20.9% in the fourth quarter. Farther Finance Advisors LLC now owns 2,705 shares of the company’s stock valued at $166,000 after acquiring an additional 468 shares during the period. Institutional investors own 87.24% of the company’s stock.

Analysts Set New Price Targets

EVRG has been the topic of a number of analyst reports. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. LADENBURG THALM/SH SH raised shares of Evergy to a “strong-buy” rating in a research note on Monday. Finally, Barclays upped their target price on shares of Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a research note on Friday, March 7th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $68.42.

Evergy Price Performance

NASDAQ:EVRG opened at $67.97 on Friday. The firm has a market cap of $15.63 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62. Evergy, Inc. has a 12 month low of $49.55 and a 12 month high of $69.93. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The company’s 50-day moving average price is $65.58 and its two-hundred day moving average price is $63.00.

Evergy (NASDAQ:EVRG) last announced its 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). Evergy had a return on equity of 8.77% and a net margin of 14.77%. The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. On average, equities analysts anticipate that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.93%. Evergy’s payout ratio is 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.