Arizona State Retirement System Purchases 906 Shares of Evergy, Inc. (NASDAQ:EVRG)

Arizona State Retirement System grew its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 1.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 66,781 shares of the company’s stock after buying an additional 906 shares during the quarter. Arizona State Retirement System’s holdings in Evergy were worth $4,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new position in Evergy during the 4th quarter worth $2,591,000. Cbre Investment Management Listed Real Assets LLC increased its position in Evergy by 9.8% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,207,828 shares of the company’s stock worth $74,342,000 after buying an additional 107,305 shares during the period. M&T Bank Corp increased its position in Evergy by 1.7% during the 4th quarter. M&T Bank Corp now owns 173,112 shares of the company’s stock worth $10,655,000 after buying an additional 2,812 shares during the period. Atria Investments Inc increased its position in Evergy by 101.1% during the 4th quarter. Atria Investments Inc now owns 8,016 shares of the company’s stock worth $493,000 after buying an additional 4,030 shares during the period. Finally, Assetmark Inc. increased its position in Evergy by 3.2% during the 4th quarter. Assetmark Inc. now owns 20,475 shares of the company’s stock worth $1,260,000 after buying an additional 634 shares during the period. Institutional investors own 87.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Barclays increased their price objective on Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday. Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $59.00 to $68.50 in a report on Thursday, January 2nd. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $66.79.

Evergy Stock Performance

NASDAQ:EVRG opened at $65.80 on Friday. The stock’s 50-day simple moving average is $64.55 and its 200 day simple moving average is $62.51. The firm has a market capitalization of $15.13 billion, a PE ratio of 17.78, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a twelve month low of $49.55 and a twelve month high of $69.93.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate 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%. On average, analysts anticipate that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.06%. The ex-dividend date is Monday, March 10th. Evergy’s dividend payout ratio (DPR) is presently 70.45%.

About Evergy

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.