QRG Capital Management Inc. Has $3.80 Million Position in Evergy, Inc. (NASDAQ:EVRG)

QRG Capital Management Inc. lifted its holdings in Evergy, Inc. (NASDAQ:EVRG) by 6.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,798 shares of the company’s stock after buying an additional 3,947 shares during the period. QRG Capital Management Inc.’s holdings in Evergy were worth $3,804,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of EVRG. Private Advisor Group LLC grew its stake in Evergy by 3.6% during the 3rd quarter. Private Advisor Group LLC now owns 14,001 shares of the company’s stock valued at $868,000 after acquiring an additional 481 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Evergy during the third quarter worth approximately $1,330,000. Mirae Asset Global Investments Co. Ltd. grew its position in Evergy by 40.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,035 shares of the company’s stock valued at $1,055,000 after purchasing an additional 4,946 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Evergy by 24.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 24,864 shares of the company’s stock valued at $1,542,000 after buying an additional 4,920 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its position in Evergy by 1.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 18,563 shares of the company’s stock worth $1,138,000 after buying an additional 212 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Wall Street Analysts Forecast Growth

EVRG has been the topic of several research analyst reports. Barclays lowered their price target on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a report on Monday, January 27th. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and raised their price target for the stock 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 assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $65.36.

Evergy Price Performance

NASDAQ EVRG opened at $68.91 on Friday. Evergy, Inc. has a fifty-two week low of $48.60 and a fifty-two week high of $69.90. The stock’s 50-day moving average is $64.00 and its two-hundred day moving average is $62.22. The firm has a market cap of $15.85 billion, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 2.82 and a beta of 0.66. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share 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 company had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.24 billion. On average, analysts anticipate that Evergy, Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors 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 of this dividend is Monday, March 10th. Evergy’s dividend payout ratio is currently 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.