Trust Investment Advisors Takes $203,000 Position in Evergy, Inc. (NASDAQ:EVRG)

Trust Investment Advisors bought a new position in shares of Evergy, Inc. (NASDAQ:EVRG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,306 shares of the company’s stock, valued at approximately $203,000.

Several other institutional investors also recently bought and sold shares of EVRG. FMR LLC grew its stake in shares of Evergy by 131.4% during the 3rd quarter. FMR LLC now owns 2,004,414 shares of the company’s stock worth $124,294,000 after purchasing an additional 1,138,138 shares during the period. SG Americas Securities LLC boosted its holdings in Evergy by 15,406.4% during the fourth quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock worth $56,721,000 after buying an additional 915,603 shares in the last quarter. Brandes Investment Partners LP acquired a new stake in Evergy during the fourth quarter valued at $55,652,000. Point72 Asset Management L.P. increased its holdings in Evergy by 25.8% in the third quarter. Point72 Asset Management L.P. now owns 2,848,735 shares of the company’s stock valued at $176,650,000 after buying an additional 583,923 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Evergy in the fourth quarter worth about $32,488,000. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Evergy Stock Down 2.0 %

NASDAQ EVRG opened at $66.17 on Wednesday. The business has a fifty day moving average price of $65.96 and a 200 day moving average price of $63.19. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The company has a market cap of $15.22 billion, a P/E ratio of 17.88, a P/E/G ratio of 2.82 and a beta of 0.62. Evergy, Inc. has a one year low of $49.55 and a one year high of $69.93.

Evergy (NASDAQ:EVRG) last issued its earnings results on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11). The business had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. Research 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 was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend was Monday, March 10th. Evergy’s dividend payout ratio is currently 70.45%.

Analyst Upgrades and Downgrades

EVRG has been the topic of a number of analyst reports. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. LADENBURG THALM/SH SH upgraded Evergy to a “strong-buy” rating in a research report on Monday, March 17th. Barclays lifted their price target 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. Finally, UBS Group boosted their price target on shares of Evergy from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday, March 21st. One analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $68.36.

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.