Amalgamated Bank Trims Stock Holdings in Evergy, Inc. (NYSE:EVRG)

Amalgamated Bank cut its holdings in Evergy, Inc. (NYSE:EVRG - Free Report) by 38.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,802 shares of the company's stock after selling 28,086 shares during the quarter. Amalgamated Bank's holdings in Evergy were worth $2,778,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of EVRG. Janney Montgomery Scott LLC raised its holdings in Evergy by 10.0% during the first quarter. Janney Montgomery Scott LLC now owns 13,464 shares of the company's stock worth $719,000 after purchasing an additional 1,229 shares during the last quarter. Texas Permanent School Fund Corp raised its holdings in shares of Evergy by 2.5% in the first quarter. Texas Permanent School Fund Corp now owns 47,485 shares of the company's stock worth $2,535,000 after acquiring an additional 1,180 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Evergy by 82.3% in the first quarter. SG Americas Securities LLC now owns 35,108 shares of the company's stock worth $1,874,000 after acquiring an additional 15,845 shares during the last quarter. Atomi Financial Group Inc. acquired a new position in shares of Evergy in the first quarter worth $286,000. Finally, Sei Investments Co. raised its holdings in shares of Evergy by 18.5% in the first quarter. Sei Investments Co. now owns 334,224 shares of the company's stock worth $17,841,000 after acquiring an additional 52,220 shares during the last quarter. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EVRG. Barclays cut their price target on Evergy from $67.00 to $65.00 and set an "overweight" rating for the company in a report on Monday, October 21st. UBS Group raised Evergy to a "hold" rating in a report on Wednesday, September 18th. Wells Fargo & Company boosted their price target on Evergy from $65.00 to $69.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Jefferies Financial Group initiated coverage on Evergy in a research note on Thursday, September 19th. They issued a "buy" rating and a $70.00 target price for the company. Finally, Mizuho initiated coverage on Evergy in a research note on Tuesday, October 29th. They issued an "outperform" rating and a $67.00 target price for the company. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.88.

Insider Transactions at Evergy

In other news, Director Ann D. Murtlow sold 3,301 shares of the company's stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $58.85, for a total value of $194,263.85. Following the completion of the sale, the director now owns 2,847 shares of the company's stock, valued at $167,545.95. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Heather A. Humphrey sold 3,347 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total value of $196,803.60. Following the completion of the transaction, the senior vice president now owns 35,314 shares of the company's stock, valued at approximately $2,076,463.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ann D. Murtlow sold 3,301 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total value of $194,263.85. Following the completion of the transaction, the director now directly owns 2,847 shares of the company's stock, valued at $167,545.95. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 15,884 shares of company stock valued at $941,810 over the last quarter. Company insiders own 0.47% of the company's stock.

Evergy Trading Up 1.2 %

EVRG stock traded up $0.77 during trading on Monday, reaching $63.28. 2,354,363 shares of the stock traded hands, compared to its average volume of 2,069,354. The business's 50 day moving average price is $60.87 and its 200-day moving average price is $57.25. Evergy, Inc. has a 52-week low of $47.97 and a 52-week high of $63.74. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.35. The firm has a market capitalization of $14.55 billion, a PE ratio of 17.10, a P/E/G ratio of 2.78 and a beta of 0.62.

Evergy (NYSE:EVRG - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.95 by $0.07. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the previous year, the business earned $1.88 earnings per share. The firm's quarterly revenue was up 8.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, November 21st will be given a $0.6675 dividend. This is an increase from Evergy's previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.67 annualized dividend and a dividend yield of 4.22%. Evergy's dividend payout ratio is presently 69.46%.

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.