Evergy, Inc. (NASDAQ:EVRG) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its position in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 20.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 88,957 shares of the company's stock after purchasing an additional 14,980 shares during the period. Nisa Investment Advisors LLC's holdings in Evergy were worth $5,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. HighTower Advisors LLC lifted its stake in shares of Evergy by 391.1% during the 3rd quarter. HighTower Advisors LLC now owns 97,186 shares of the company's stock worth $6,030,000 after acquiring an additional 77,398 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in Evergy by 60.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 44,024 shares of the company's stock worth $2,332,000 after purchasing an additional 16,619 shares during the period. Bank of Montreal Can lifted its position in shares of Evergy by 29.1% during the third quarter. Bank of Montreal Can now owns 997,832 shares of the company's stock worth $61,806,000 after purchasing an additional 224,679 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Evergy by 34.0% during the third quarter. BNP Paribas Financial Markets now owns 945,148 shares of the company's stock valued at $58,609,000 after purchasing an additional 239,599 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Evergy by 2.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 515,306 shares of the company's stock worth $31,954,000 after purchasing an additional 14,383 shares during the last quarter. Hedge funds and other institutional investors own 87.24% of the company's stock.

Insider Buying and Selling

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $62.93, for a total value of $3,029,513.13. Following the completion of the sale, the executive vice president now directly owns 1 shares in the company, valued at approximately $62.93. This trade represents a 100.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.47% of the stock is currently owned by company insiders.

Evergy Stock Up 0.7 %

Evergy stock traded up $0.46 during mid-day trading on Friday, reaching $63.52. 1,621,345 shares of the company were exchanged, compared to its average volume of 1,439,143. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The firm has a market cap of $14.61 billion, a P/E ratio of 17.17, a PEG ratio of 2.75 and a beta of 0.64. The business has a fifty day moving average of $62.45 and a 200 day moving average of $60.53. Evergy, Inc. has a 12-month low of $48.04 and a 12-month high of $65.47.

Evergy (NASDAQ:EVRG - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.02 earnings per share for the quarter, topping 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 analysts' expectations of $2.35 billion. During the same period in the prior year, the business posted $1.88 EPS. The firm's quarterly revenue was up 8.5% on a year-over-year basis. Research analysts anticipate that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, November 21st were given a $0.6675 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.20%. This is an increase from Evergy's previous quarterly dividend of $0.64. Evergy's payout ratio is presently 72.16%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company lifted their price objective on shares of Evergy from $65.00 to $69.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday. Barclays dropped their price objective on Evergy from $67.00 to $65.00 and set an "overweight" rating on the stock in a research note on Monday, October 21st. LADENBURG THALM/SH SH raised Evergy from a "neutral" rating to a "buy" rating and lifted their target price for the company from $59.00 to $68.50 in a research report on Thursday, January 2nd. Finally, Mizuho began coverage on Evergy in a report on Tuesday, October 29th. They issued an "outperform" rating and a $67.00 target price for the company. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $65.79.

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.