TCG Advisory Services LLC Invests $4.60 Million in Evergy, Inc. (NYSE:EVRG)

TCG Advisory Services LLC acquired a new position in Evergy, Inc. (NYSE:EVRG) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 88,141 shares of the company’s stock, valued at approximately $4,601,000.

Several other institutional investors also recently modified their holdings of EVRG. Vanguard Group Inc. lifted its stake in Evergy by 0.6% during the third quarter. Vanguard Group Inc. now owns 29,358,216 shares of the company’s stock worth $1,488,462,000 after purchasing an additional 186,235 shares during the last quarter. Invesco Ltd. lifted its position in Evergy by 5.1% in the 3rd quarter. Invesco Ltd. now owns 5,379,004 shares of the company’s stock worth $272,716,000 after buying an additional 261,664 shares during the last quarter. Northern Trust Corp boosted its stake in Evergy by 1.4% in the third quarter. Northern Trust Corp now owns 2,958,136 shares of the company’s stock worth $149,977,000 after buying an additional 40,916 shares in the last quarter. Federated Hermes Inc. grew its position in Evergy by 41.3% during the fourth quarter. Federated Hermes Inc. now owns 2,942,415 shares of the company’s stock valued at $153,594,000 after acquiring an additional 860,433 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Evergy by 11.6% during the third quarter. American Century Companies Inc. now owns 2,670,913 shares of the company’s stock worth $135,415,000 after acquiring an additional 277,892 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors.

Evergy Stock Up 1.0 %

Shares of Evergy stock traded up $0.55 on Friday, reaching $54.10. The company’s stock had a trading volume of 3,072,001 shares, compared to its average volume of 1,846,729. Evergy, Inc. has a 52 week low of $46.92 and a 52 week high of $63.39. The firm’s fifty day simple moving average is $51.68 and its two-hundred day simple moving average is $51.12. The company has a quick ratio of 0.29, a current ratio of 0.51 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $12.43 billion, a price-to-earnings ratio of 17.01, a P/E/G ratio of 2.82 and a beta of 0.57.

Evergy (NYSE:EVRG) last announced its quarterly earnings results on Thursday, February 29th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.46 billion. Evergy had a return on equity of 8.47% and a net margin of 13.28%. During the same quarter in the prior year, the firm earned $0.30 earnings per share. Equities analysts anticipate that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were given a $0.6425 dividend. This represents a $2.57 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date of this dividend was Friday, March 8th. Evergy’s dividend payout ratio (DPR) is presently 80.82%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. LADENBURG THALM/SH SH started coverage on Evergy in a research note on Thursday, April 4th. They issued a “neutral” rating and a $51.00 target price for the company. Wells Fargo & Company dropped their price objective on Evergy from $60.00 to $57.00 and set an “overweight” rating for the company in a research note on Friday, March 1st. Bank of America raised shares of Evergy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $51.00 to $57.00 in a research note on Wednesday, March 13th. Guggenheim cut shares of Evergy from a “buy” rating to a “neutral” rating and set a $52.00 price target for the company. in a research report on Monday, January 22nd. Finally, Citigroup initiated coverage on shares of Evergy in a report on Tuesday, March 26th. They issued a “buy” rating and a $64.00 price target on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.00.

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.