Zurcher Kantonalbank Zurich Cantonalbank Grows Holdings in Evergy, Inc. (NYSE:EVRG)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Evergy, Inc. (NYSE:EVRG) by 11.1% during the 4th quarter, Holdings Channel reports. The firm owned 54,288 shares of the company’s stock after purchasing an additional 5,407 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Evergy were worth $2,834,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Atwood & Palmer Inc. boosted its stake in Evergy by 30.5% in the fourth quarter. Atwood & Palmer Inc. now owns 855 shares of the company’s stock valued at $45,000 after acquiring an additional 200 shares during the last quarter. IFM Investors Pty Ltd boosted its stake in Evergy by 0.3% in the fourth quarter. IFM Investors Pty Ltd now owns 73,111 shares of the company’s stock valued at $3,816,000 after acquiring an additional 206 shares during the last quarter. Raleigh Capital Management Inc. boosted its stake in Evergy by 4.0% in the third quarter. Raleigh Capital Management Inc. now owns 5,531 shares of the company’s stock valued at $280,000 after acquiring an additional 211 shares during the last quarter. Global Retirement Partners LLC boosted its stake in Evergy by 13.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,821 shares of the company’s stock valued at $96,000 after acquiring an additional 216 shares during the last quarter. Finally, Caprock Group LLC boosted its stake in Evergy by 4.0% in the third quarter. Caprock Group LLC now owns 5,751 shares of the company’s stock valued at $292,000 after acquiring an additional 222 shares during the last quarter. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Evergy Stock Performance

Evergy stock opened at $52.26 on Tuesday. The firm’s 50 day simple moving average is $51.19 and its 200 day simple moving average is $50.94. The company has a current ratio of 0.51, a quick ratio of 0.29 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $12.01 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 2.70 and a beta of 0.57. Evergy, Inc. has a 1-year low of $46.92 and a 1-year high of $63.84.

Evergy (NYSE:EVRG) last posted its earnings results on Thursday, February 29th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.03). The firm had revenue of $1.19 billion for 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 period last year, the company posted $0.30 EPS. As a group, analysts expect that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were issued a dividend of $0.6425 per share. This represents a $2.57 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date was Friday, March 8th. Evergy’s dividend payout ratio (DPR) is presently 80.82%.

Analyst Ratings Changes

EVRG has been the topic of a number of research analyst reports. Bank of America upgraded shares of Evergy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $51.00 to $57.00 in a research note on Wednesday, March 13th. Wells Fargo & Company dropped their target price on shares of Evergy from $60.00 to $57.00 and set an “overweight” rating on the stock in a research note on Friday, March 1st. Guggenheim lowered shares of Evergy from a “buy” rating to a “neutral” rating and set a $52.00 price target on the stock. in a research report on Monday, January 22nd. Barclays boosted their price target on shares of Evergy from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. Finally, LADENBURG THALM/SH SH began coverage on shares of Evergy in a research report on Thursday, April 4th. They issued a “neutral” rating and a $51.00 price target on the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $56.00.

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.