ING Groep NV Boosts Holdings in Evergy, Inc. (NYSE:EVRG)

ING Groep NV raised its holdings in Evergy, Inc. (NYSE:EVRGFree Report) by 1,086.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 342,049 shares of the company’s stock after purchasing an additional 313,212 shares during the quarter. ING Groep NV owned 0.15% of Evergy worth $17,855,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. CVA Family Office LLC acquired a new position in shares of Evergy during the 4th quarter worth approximately $29,000. Hexagon Capital Partners LLC lifted its stake in Evergy by 222.2% in the 4th quarter. Hexagon Capital Partners LLC now owns 667 shares of the company’s stock valued at $35,000 after buying an additional 460 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in Evergy in the 3rd quarter valued at about $35,000. MV Capital Management Inc. boosted its holdings in Evergy by 3,263.6% in the 4th quarter. MV Capital Management Inc. now owns 740 shares of the company’s stock worth $39,000 after buying an additional 718 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in Evergy by 105.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 785 shares of the company’s stock worth $41,000 after buying an additional 403 shares in the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Trading Up 0.2 %

Shares of EVRG stock traded up $0.11 on Friday, hitting $55.11. 2,062,200 shares of the stock traded hands, compared to its average volume of 2,304,289. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.32 and a current ratio of 0.57. Evergy, Inc. has a twelve month low of $46.92 and a twelve month high of $61.84. The firm’s 50-day moving average price is $52.67 and its two-hundred day moving average price is $51.57. The stock has a market capitalization of $12.67 billion, a PE ratio of 17.84, a PEG ratio of 2.90 and a beta of 0.57.

Evergy (NYSE:EVRGGet Free Report) last posted its earnings results on Thursday, May 9th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.07). The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.35 billion. Evergy had a net margin of 12.84% and a return on equity of 8.32%. The business’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.59 earnings per share. As a group, analysts anticipate that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Monday, May 20th will be issued a $0.6425 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $2.57 annualized dividend and a yield of 4.66%. Evergy’s payout ratio is 83.17%.

Analyst Upgrades and Downgrades

EVRG has been the topic of several research reports. Barclays raised their target price on Evergy from $56.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday. 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. Citigroup began coverage on shares of Evergy in a research report on Tuesday, March 26th. They issued a “buy” rating and a $64.00 target price for the company. LADENBURG THALM/SH SH assumed coverage on shares of Evergy in a research note on Thursday, April 4th. They issued a “neutral” rating and a $51.00 price target on the stock. Finally, Wells Fargo & Company upped their price objective on shares of Evergy from $57.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $57.83.

Get Our Latest Report on EVRG

Evergy Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

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