OneAscent Financial Services LLC Invests $219,000 in Evergy, Inc. (NASDAQ:EVRG)

OneAscent Financial Services LLC acquired a new stake in shares of Evergy, Inc. (NASDAQ:EVRG) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,557 shares of the company’s stock, valued at approximately $219,000.

Other large investors have also made changes to their positions in the company. Lee Danner & Bass Inc. acquired a new stake in shares of Evergy during the 4th quarter worth about $26,000. National Pension Service purchased a new position in shares of Evergy during the fourth quarter valued at approximately $30,000. Bank of Jackson Hole Trust acquired a new stake in Evergy during the fourth quarter worth approximately $31,000. Sandy Spring Bank grew its stake in Evergy by 5,983.3% in the 4th quarter. Sandy Spring Bank now owns 730 shares of the company’s stock worth $45,000 after acquiring an additional 718 shares during the period. Finally, SBI Securities Co. Ltd. acquired a new position in Evergy in the 4th quarter valued at $49,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Stock Performance

NASDAQ EVRG opened at $66.18 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. Evergy, Inc. has a 1-year low of $49.55 and a 1-year high of $70.30. The firm has a market capitalization of $15.22 billion, a P/E ratio of 17.89, a P/E/G ratio of 2.82 and a beta of 0.52. The business’s 50-day simple moving average is $66.79 and its 200-day simple moving average is $63.57.

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

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date was Monday, March 10th. Evergy’s dividend payout ratio is presently 70.45%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EVRG. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. LADENBURG THALM/SH SH raised Evergy to a “strong-buy” rating in a research note on Monday, March 17th. UBS Group upped their price objective on shares of Evergy from $66.00 to $68.00 and gave the company a “neutral” rating in a research note on Friday, March 21st. Finally, Barclays raised their target price on shares of Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $69.08.

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.