5 Dividend Achievers to Buy in 2022

1. Evergy, Inc. (NYSE:EVRG)

Dividend Yield as of May 10: 3.45%

Number of Hedge Fund Holders: 25

Number of Years of Consecutive Dividend Increases: 19

Evergy, Inc. (NYSE:EVRG) is an American company that distributes electricity in Kansas and Missouri, via coal, hydroelectric, landfill gas, uranium, natural gas, oil, solar, wind, and other renewable sources. Evergy, Inc. (NYSE:EVRG)’s dividend yield on May 10 stood at 3.45%. The company has increased its dividend payouts consistently for 19 years. 

On May 5, Evergy, Inc. (NYSE:EVRG) declared a $0.5725 per share quarterly dividend, in line with previous. The dividend is payable on May 20, to shareholders of the company as of May 20. 

Credit Suisse analyst Nicholas Campanella on April 25 initiated coverage of Evergy, Inc. (NYSE:EVRG) with an Outperform rating and a $76 price target. The stock presently trades at a 7% discount to the large-cap average on below-consensus 2024 earnings estimates, but an in-line multiple is suitable since the management is “high quality with a clear track record for value creation in the utility sector,” the analyst told investors in a research note.

Among the hedge funds tracked by Insider Monkey, Evergy, Inc. (NYSE:EVRG) was found in the investment portfolios of 25 funds at the end of the fourth quarter of 2021, with collective stakes worth $800 million. Paul Singer’s Elliott Management held the biggest position in the company, with 9.4 million shares worth $646.20 million. 

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