CHURCHILL MANAGEMENT Corp raised its position in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 7.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 127,530 shares of the company's stock after acquiring an additional 8,339 shares during the period. CHURCHILL MANAGEMENT Corp owned approximately 0.06% of Evergy worth $7,849,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of EVRG. Pathway Financial Advisers LLC lifted its holdings in shares of Evergy by 6,854.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company's stock valued at $157,443,000 after purchasing an additional 2,502,493 shares during the last quarter. Mizuho Securities USA LLC increased its position in Evergy by 7,234.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 1,300,000 shares of the company's stock valued at $80,613,000 after buying an additional 1,282,275 shares in the last quarter. FMR LLC raised its stake in Evergy by 131.4% in the third quarter. FMR LLC now owns 2,004,414 shares of the company's stock valued at $124,294,000 after buying an additional 1,138,138 shares during the last quarter. Millennium Management LLC boosted its holdings in Evergy by 38.6% in the second quarter. Millennium Management LLC now owns 3,683,000 shares of the company's stock worth $195,089,000 after acquiring an additional 1,026,374 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Evergy by 147.8% during the second quarter. AQR Capital Management LLC now owns 1,193,382 shares of the company's stock worth $63,213,000 after acquiring an additional 711,785 shares during the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of Evergy stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the transaction, the executive vice president now directly owns 1 shares of the company's stock, valued at $62.93. The trade was a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.26% of the company's stock.
Analysts Set New Price Targets
A number of analysts recently commented on EVRG shares. Mizuho began coverage on shares of Evergy in a research note on Tuesday, October 29th. They issued an "outperform" rating and a $67.00 target price for the company. LADENBURG THALM/SH SH upgraded shares of Evergy from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $59.00 to $68.50 in a research note on Thursday, January 2nd. UBS Group raised Evergy to a "hold" rating in a research report on Wednesday, September 18th. Wells Fargo & Company lifted their price target on Evergy from $65.00 to $69.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group began coverage on Evergy in a research note on Thursday, September 19th. They set a "buy" rating and a $70.00 price target on the stock. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Evergy currently has an average rating of "Moderate Buy" and an average price target of $64.06.
Check Out Our Latest Report on EVRG
Evergy Stock Performance
Shares of EVRG stock traded up $1.25 on Thursday, hitting $62.93. The company had a trading volume of 1,606,053 shares, compared to its average volume of 1,651,055. Evergy, Inc. has a twelve month low of $48.04 and a twelve month high of $65.47. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The firm has a market cap of $14.47 billion, a P/E ratio of 17.01, a price-to-earnings-growth ratio of 2.62 and a beta of 0.64. The company has a 50-day moving average price of $62.42 and a 200-day moving average price of $60.07.
Evergy (NASDAQ:EVRG - Get Free Report) last announced 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. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $2.35 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. Evergy's revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.88 earnings per share. As a group, equities research analysts predict that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.
Evergy Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Thursday, November 21st were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.24%. The ex-dividend date was Thursday, November 21st. This is an increase from Evergy's previous quarterly dividend of $0.64. Evergy's dividend payout ratio is 72.16%.
Evergy Company Profile
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Free Report)
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.
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