Mutual of America Capital Management LLC Has $7.85 Million Stock Position in Evergy, Inc. (NYSE:EVRG)

Mutual of America Capital Management LLC lifted its stake in shares of Evergy, Inc. (NYSE:EVRG - Free Report) by 7.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 126,648 shares of the company's stock after acquiring an additional 9,178 shares during the quarter. Mutual of America Capital Management LLC owned about 0.06% of Evergy worth $7,853,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Fairscale Capital LLC bought a new stake in shares of Evergy during the 2nd quarter worth about $27,000. Hexagon Capital Partners LLC lifted its position in shares of Evergy by 47.1% during the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company's stock worth $33,000 after purchasing an additional 170 shares during the last quarter. Rothschild Investment LLC bought a new stake in Evergy during the 2nd quarter valued at approximately $37,000. Hantz Financial Services Inc. acquired a new stake in Evergy in the 2nd quarter valued at approximately $41,000. Finally, Benjamin Edwards Inc. increased its position in Evergy by 47.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 856 shares of the company's stock worth $45,000 after buying an additional 277 shares during the period. Institutional investors own 87.24% of the company's stock.

Evergy Price Performance

Shares of Evergy stock traded up $0.03 during trading on Tuesday, hitting $63.90. 542,395 shares of the company's stock traded hands, compared to its average volume of 2,061,652. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. The firm's fifty day moving average price is $61.20 and its 200 day moving average price is $57.63. Evergy, Inc. has a twelve month low of $48.04 and a twelve month high of $64.14. The company has a market cap of $14.70 billion, a PE ratio of 17.09, a PEG ratio of 2.84 and a beta of 0.62.

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

Evergy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders 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 yield of 4.18%. Evergy's payout ratio is presently 69.46%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on EVRG. Mizuho assumed coverage on Evergy in a research report on Tuesday, October 29th. They issued an "outperform" rating and a $67.00 price objective for the company. UBS Group raised shares of Evergy to a "hold" rating in a report on Wednesday, September 18th. Wells Fargo & Company boosted their price objective on shares of Evergy from $65.00 to $69.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Barclays decreased their target price on Evergy from $67.00 to $65.00 and set an "overweight" rating on the stock in a research report on Monday, October 21st. Finally, Jefferies Financial Group started coverage on Evergy in a research report on Thursday, September 19th. They issued a "buy" rating and a $70.00 price objective 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. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $61.88.

Insiders Place Their Bets

In other news, SVP Charles A. Caisley sold 9,236 shares of the company's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total transaction of $550,742.68. Following the transaction, the senior vice president now directly owns 33,425 shares in the company, valued at approximately $1,993,132.75. This represents a 21.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kevin E. Bryant sold 48,141 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 1 shares in the company, valued at $62.93. This trade represents a 100.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,724 shares of company stock valued at $3,777,059. 3.26% of the stock is currently owned by corporate insiders.

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.