M&T Bank Corp Acquires 2,812 Shares of Evergy, Inc. (NASDAQ:EVRG)

M&T Bank Corp increased its stake in Evergy, Inc. (NASDAQ:EVRG) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 173,112 shares of the company’s stock after purchasing an additional 2,812 shares during the quarter. M&T Bank Corp’s holdings in Evergy were worth $10,655,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of EVRG. Mizuho Securities USA LLC boosted its holdings in Evergy by 7,234.3% in the third quarter. Mizuho Securities USA LLC now owns 1,300,000 shares of the company’s stock worth $80,613,000 after acquiring an additional 1,282,275 shares in the last quarter. FMR LLC lifted its holdings in shares of Evergy by 131.4% in the 3rd quarter. FMR LLC now owns 2,004,414 shares of the company’s stock worth $124,294,000 after purchasing an additional 1,138,138 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Evergy by 15,406.4% in the 4th quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock worth $56,721,000 after purchasing an additional 915,603 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Evergy by 42.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,135,011 shares of the company’s stock valued at $132,392,000 after purchasing an additional 634,735 shares during the period. Finally, Point72 Asset Management L.P. increased its stake in Evergy by 25.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,848,735 shares of the company’s stock valued at $176,650,000 after purchasing an additional 583,923 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Barclays dropped their price target on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Finally, LADENBURG THALM/SH SH upgraded Evergy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $59.00 to $68.50 in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $65.36.

Evergy Trading Down 1.9 %

NASDAQ:EVRG opened at $65.73 on Friday. Evergy, Inc. has a 52 week low of $49.55 and a 52 week high of $69.93. The firm has a 50-day moving average price of $64.39 and a two-hundred day moving average price of $62.41. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The firm has a market cap of $15.12 billion, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings results on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11). Evergy had a net margin of 14.77% and a return on equity of 8.77%. The business had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.24 billion. On average, equities analysts expect that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.06%. 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.