Avantax Advisory Services Inc. Increases Stock Holdings in Evergy, Inc. (NASDAQ:EVRG)

Avantax Advisory Services Inc. lifted its position in Evergy, Inc. (NASDAQ:EVRG) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 73,068 shares of the company’s stock after purchasing an additional 488 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Evergy were worth $4,497,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of EVRG. National Pension Service purchased a new stake in shares of Evergy in the fourth quarter valued at about $30,000. Bank of Jackson Hole Trust purchased a new stake in shares of Evergy in the fourth quarter valued at about $31,000. Truvestments Capital LLC purchased a new position in Evergy during the third quarter worth about $32,000. SBI Securities Co. Ltd. purchased a new position in Evergy during the fourth quarter worth about $49,000. Finally, USA Financial Formulas purchased a new position in Evergy during the fourth quarter worth about $73,000. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on EVRG shares. LADENBURG THALM/SH SH raised shares of 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 research note on Thursday, January 2nd. Barclays increased their target price on shares of Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Finally, Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.42.

Evergy Stock Up 1.3 %

Shares of EVRG opened at $67.45 on Friday. The stock has a market capitalization of $15.51 billion, a PE ratio of 18.23, a P/E/G ratio of 2.82 and a beta of 0.62. Evergy, Inc. has a 1 year low of $49.55 and a 1 year high of $69.93. 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 company’s 50-day simple moving average is $64.90 and its 200-day simple moving average is $62.69.

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

Evergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.67 annualized dividend and a yield of 3.96%. Evergy’s dividend payout ratio (DPR) is 70.45%.

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.