MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 87,304 Shares of Evergy, Inc. (NASDAQ:EVRG)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Evergy, Inc. (NASDAQ:EVRG) by 230.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,184 shares of the company’s stock after purchasing an additional 87,304 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.05% of Evergy worth $7,705,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Lee Danner & Bass Inc. bought a new position in Evergy in the 4th quarter valued at $26,000. National Pension Service bought a new position in Evergy in the 4th quarter valued at $30,000. Bank of Jackson Hole Trust bought a new position in Evergy in the 4th quarter valued at $31,000. Colonial Trust Co SC bought a new position in Evergy in the 4th quarter valued at $32,000. Finally, Sandy Spring Bank boosted its holdings in Evergy by 5,983.3% in the 4th quarter. Sandy Spring Bank now owns 730 shares of the company’s stock valued at $45,000 after purchasing an additional 718 shares during the period. 87.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. LADENBURG THALM/SH SH upgraded shares of Evergy to a “strong-buy” rating in a research report on Thursday, May 8th. Barclays raised their price objective on shares of Evergy from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Tuesday, April 22nd. Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Citigroup raised their price objective on shares of Evergy from $77.00 to $79.00 and gave the company a “buy” rating in a research report on Friday. Finally, BMO Capital Markets assumed coverage on shares of Evergy in a research report on Tuesday, May 13th. They set an “outperform” rating and a $75.00 price objective on the stock. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $72.44.

Evergy Price Performance

Shares of NASDAQ:EVRG opened at $66.93 on Friday. The stock has a market cap of $15.40 billion, a PE ratio of 18.09, a PEG ratio of 2.82 and a beta of 0.53. The company’s fifty day moving average is $67.31 and its 200 day moving average is $64.95. Evergy, Inc. has a 52 week low of $52.10 and a 52 week high of $70.36. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15.

Evergy (NASDAQ:EVRG) last issued its earnings results on Thursday, May 8th. The company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.12). The business had revenue of $1.37 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. During the same quarter in the previous year, the business earned $0.54 EPS. Research analysts anticipate that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Friday, May 23rd will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend is Friday, May 23rd. Evergy’s payout ratio is presently 70.26%.

Evergy 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.