Ossiam Makes New $8.03 Million Investment in Evergy, Inc. (NYSE:EVRG)

Ossiam purchased a new stake in Evergy, Inc. (NYSE:EVRG) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 150,400 shares of the company’s stock, valued at approximately $8,028,000.

Several other hedge funds and other institutional investors have also made changes to their positions in EVRG. Wealthspire Advisors LLC lifted its stake in Evergy by 1.0% in the 1st quarter. Wealthspire Advisors LLC now owns 19,009 shares of the company’s stock valued at $1,015,000 after buying an additional 192 shares in the last quarter. Global Retirement Partners LLC raised its holdings in shares of Evergy by 13.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,821 shares of the company’s stock worth $96,000 after acquiring an additional 216 shares during the last quarter. Verity Asset Management Inc. lifted its position in shares of Evergy by 5.4% in the fourth quarter. Verity Asset Management Inc. now owns 4,333 shares of the company’s stock valued at $226,000 after acquiring an additional 223 shares in the last quarter. Spire Wealth Management boosted its stake in shares of Evergy by 26.9% during the fourth quarter. Spire Wealth Management now owns 1,081 shares of the company’s stock valued at $55,000 after acquiring an additional 229 shares during the last quarter. Finally, Retirement Group LLC increased its position in Evergy by 30.3% during the 1st quarter. Retirement Group LLC now owns 1,074 shares of the company’s stock worth $57,000 after purchasing an additional 250 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Trading Up 0.2 %

Shares of NYSE EVRG traded up $0.11 on Thursday, reaching $56.33. 2,094,403 shares of the company traded hands, compared to its average volume of 2,193,377. The stock has a market capitalization of $12.95 billion, a PE ratio of 18.23, a P/E/G ratio of 2.87 and a beta of 0.60. Evergy, Inc. has a fifty-two week low of $46.92 and a fifty-two week high of $61.74. The company has a current ratio of 0.57, a quick ratio of 0.32 and a debt-to-equity ratio of 1.21. The company has a 50 day moving average of $53.77 and a 200 day moving average of $52.42.

Evergy (NYSE:EVRG) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.07). The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.35 billion. Evergy had a return on equity of 8.32% and a net margin of 12.84%. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.59 EPS. On average, equities research analysts forecast that Evergy, Inc. will post 3.85 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Monday, May 20th were issued a $0.6425 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.56%. Evergy’s dividend payout ratio (DPR) is 83.17%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EVRG. Barclays upped their target price on shares of Evergy from $56.00 to $61.00 and gave the company an “overweight” rating in a report on Tuesday, May 14th. Wells Fargo & Company raised their target price on shares of Evergy from $57.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Finally, 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 target price for the company. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Evergy has an average rating of “Moderate Buy” and a consensus price target of $57.83.

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.