Schnieders Capital Management LLC Buys New Shares in Evergy, Inc. (NYSE:EVRG)

Schnieders Capital Management LLC acquired a new stake in Evergy, Inc. (NYSE:EVRG) during the 4th quarter, Holdings Channel reports. The firm acquired 16,723 shares of the company’s stock, valued at approximately $873,000.

Several other large investors have also made changes to their positions in EVRG. CVA Family Office LLC bought a new position in shares of Evergy during the fourth quarter valued at approximately $29,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Evergy during the 3rd quarter valued at $35,000. MV Capital Management Inc. increased its position in shares of Evergy by 3,263.6% in the 4th quarter. MV Capital Management Inc. now owns 740 shares of the company’s stock valued at $39,000 after acquiring an additional 718 shares during the period. Headinvest LLC acquired a new position in shares of Evergy in the 3rd quarter valued at $40,000. Finally, Parkside Financial Bank & Trust increased its position in shares of Evergy by 105.5% in the 4th quarter. Parkside Financial Bank & Trust now owns 785 shares of the company’s stock valued at $41,000 after acquiring an additional 403 shares during the period. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Citigroup assumed coverage on Evergy in a research report on Tuesday, March 26th. They set a “buy” rating and a $64.00 price target on the stock. Bank of America raised Evergy from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $51.00 to $57.00 in a research note on Wednesday, March 13th. Guggenheim lowered Evergy from a “buy” rating to a “neutral” rating and set a $52.00 price objective on the stock. in a research note on Monday, January 22nd. LADENBURG THALM/SH SH initiated coverage on Evergy in a research report on Thursday, April 4th. They issued a “neutral” rating and a $51.00 target price on the stock. Finally, Wells Fargo & Company cut their price objective on Evergy from $60.00 to $57.00 and set an “overweight” rating on the stock in a report on Friday, March 1st. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Evergy currently has a consensus rating of “Moderate Buy” and a consensus price target of $56.00.

Evergy Stock Down 0.0 %

Shares of NYSE EVRG traded down $0.01 during midday trading on Tuesday, reaching $52.25. 1,938,455 shares of the company’s stock were exchanged, compared to its average volume of 2,559,476. Evergy, Inc. has a 52-week low of $46.92 and a 52-week high of $63.84. The stock has a market capitalization of $12.00 billion, a PE ratio of 16.43, a price-to-earnings-growth ratio of 2.70 and a beta of 0.57. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.29 and a current ratio of 0.51. The business’s fifty day moving average price is $51.25 and its two-hundred day moving average price is $50.97.

Evergy (NYSE:EVRG) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.03). Evergy had a net margin of 13.28% and a return on equity of 8.47%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the firm earned $0.30 earnings per share. Analysts forecast that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were issued a dividend of $0.6425 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $2.57 annualized dividend and a yield of 4.92%. Evergy’s payout ratio is 80.82%.

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.