QRG Capital Management Inc. Acquires 3,947 Shares of Evergy, Inc. (NASDAQ:EVRG)

QRG Capital Management Inc. grew its holdings in Evergy, Inc. (NASDAQ:EVRG) by 6.8% in the 4th quarter, Holdings Channel reports. The fund owned 61,798 shares of the company’s stock after purchasing an additional 3,947 shares during the quarter. QRG Capital Management Inc.’s holdings in Evergy were worth $3,804,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of EVRG. Miller Howard Investments Inc. NY grew its position in Evergy by 1.4% in the 4th quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company’s stock worth $723,000 after purchasing an additional 162 shares during the last quarter. Quent Capital LLC lifted its stake in shares of Evergy by 4.6% in the fourth quarter. Quent Capital LLC now owns 3,692 shares of the company’s stock valued at $227,000 after buying an additional 163 shares during the period. Sunbelt Securities Inc. grew its position in Evergy by 2.2% during the third quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company’s stock worth $482,000 after buying an additional 168 shares in the last quarter. Empirical Finance LLC increased its stake in Evergy by 2.3% during the third quarter. Empirical Finance LLC now owns 7,751 shares of the company’s stock valued at $481,000 after acquiring an additional 171 shares during the period. Finally, Mather Group LLC. raised its holdings in Evergy by 5.7% in the 4th quarter. Mather Group LLC. now owns 3,231 shares of the company’s stock valued at $199,000 after acquiring an additional 173 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analyst Upgrades and Downgrades

EVRG has been the topic of several recent research reports. Barclays decreased their price objective on Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and boosted their price target for the company from $59.00 to $68.50 in a report on Thursday, January 2nd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Evergy currently has an average rating of “Moderate Buy” and a consensus price target of $65.36.

Evergy Stock Performance

Shares of NASDAQ:EVRG opened at $68.91 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. The business’s fifty day moving average price is $64.00 and its two-hundred day moving average price is $62.22. Evergy, Inc. has a fifty-two week low of $48.60 and a fifty-two week high of $69.90. The stock has a market capitalization of $15.85 billion, a price-to-earnings ratio of 18.62, a price-to-earnings-growth ratio of 2.82 and a beta of 0.66.

Evergy (NASDAQ:EVRG) last posted its earnings results 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 firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. As a group, analysts predict that Evergy, Inc. will post 3.83 EPS for the current fiscal year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Monday, March 10th. Evergy’s payout ratio is 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.