Pathway Financial Advisers LLC increased its position in Evergy, Inc. (NYSE:EVRG - Free Report) by 6,854.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,539,001 shares of the company's stock after buying an additional 2,502,493 shares during the quarter. Evergy comprises about 1.0% of Pathway Financial Advisers LLC's investment portfolio, making the stock its 29th biggest position. Pathway Financial Advisers LLC owned 1.10% of Evergy worth $157,443,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EVRG. Vanguard Group Inc. raised its holdings in shares of Evergy by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 31,046,328 shares of the company's stock valued at $1,657,253,000 after buying an additional 288,913 shares during the period. Millennium Management LLC lifted its holdings in Evergy by 38.6% in the 2nd quarter. Millennium Management LLC now owns 3,683,000 shares of the company's stock worth $195,089,000 after buying an additional 1,026,374 shares in the last quarter. Federated Hermes Inc. boosted its position in Evergy by 18.8% in the 2nd quarter. Federated Hermes Inc. now owns 3,490,674 shares of the company's stock valued at $184,901,000 after buying an additional 552,455 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Evergy by 5.3% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,686,541 shares of the company's stock valued at $141,787,000 after acquiring an additional 134,236 shares in the last quarter. Finally, Zimmer Partners LP increased its position in shares of Evergy by 781.4% during the first quarter. Zimmer Partners LP now owns 2,326,385 shares of the company's stock worth $124,182,000 after acquiring an additional 2,062,434 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have issued reports on EVRG shares. Jefferies Financial Group began coverage on Evergy in a research report on Thursday, September 19th. They issued a "buy" rating and a $70.00 target price on the stock. Wells Fargo & Company upped their target price on shares of Evergy from $65.00 to $69.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Barclays reduced their target price on Evergy from $67.00 to $65.00 and set an "overweight" rating on the stock in a report on Monday, October 21st. Finally, UBS Group upgraded Evergy to a "hold" rating in a report on Wednesday, September 18th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $61.14.
Get Our Latest Report on Evergy
Insider Buying and Selling at Evergy
In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of Evergy stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total value of $194,263.85. Following the transaction, the director now owns 2,847 shares in the company, valued at approximately $167,545.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, SVP Charles A. Caisley sold 9,236 shares of Evergy stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total value of $550,742.68. Following the transaction, the senior vice president now directly owns 33,425 shares of the company's stock, valued at $1,993,132.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ann D. Murtlow sold 3,301 shares of the company's stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total transaction of $194,263.85. Following the completion of the sale, the director now owns 2,847 shares of the company's stock, valued at approximately $167,545.95. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 15,884 shares of company stock valued at $941,810. 0.47% of the stock is owned by insiders.
Evergy Stock Performance
NYSE EVRG traded down $0.87 on Friday, hitting $60.77. The stock had a trading volume of 1,367,960 shares, compared to its average volume of 1,834,407. The company's 50-day moving average is $60.38 and its two-hundred day moving average is $56.47. The stock has a market cap of $13.97 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 2.74 and a beta of 0.62. The company has a quick ratio of 0.35, a current ratio of 0.59 and a debt-to-equity ratio of 1.23. Evergy, Inc. has a one year low of $47.97 and a one year high of $62.58.
Evergy (NYSE:EVRG - Get Free Report) last issued its quarterly earnings data on Friday, August 9th. The company reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.01. The business had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.32 billion. Evergy had a net margin of 13.12% and a return on equity of 8.50%. During the same period in the previous year, the business earned $0.81 earnings per share. On average, analysts expect that Evergy, Inc. will post 3.84 earnings per share for the current year.
Evergy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, August 20th were given a $0.6425 dividend. This represents a $2.57 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend was Tuesday, August 20th. Evergy's dividend payout ratio (DPR) is presently 80.06%.
Evergy Profile
(
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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