Evergy, Inc. (NYSE:EVRG) Shares Acquired by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC grew its holdings in shares of Evergy, Inc. (NYSE:EVRG - Free Report) by 6,854.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,539,001 shares of the company's stock after purchasing an additional 2,502,493 shares during the period. Evergy makes up about 1.5% of Pathway Financial Advisers LLC's portfolio, making the stock its 20th biggest holding. Pathway Financial Advisers LLC owned about 1.10% of Evergy worth $157,443,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in EVRG. Manning & Napier Advisors LLC purchased a new stake in Evergy during the 2nd quarter worth approximately $112,464,000. Wedge Capital Management L L P NC grew its holdings in shares of Evergy by 8.0% during the second quarter. Wedge Capital Management L L P NC now owns 260,331 shares of the company's stock valued at $13,790,000 after buying an additional 19,193 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Evergy by 11.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 316,455 shares of the company's stock valued at $16,892,000 after acquiring an additional 31,985 shares during the period. Jennison Associates LLC purchased a new position in Evergy in the 1st quarter worth $37,526,000. Finally, Entropy Technologies LP raised its stake in Evergy by 129.2% in the 1st quarter. Entropy Technologies LP now owns 36,838 shares of the company's stock worth $1,966,000 after acquiring an additional 20,764 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company's stock.

Evergy Price Performance

EVRG stock traded up $0.10 during mid-day trading on Wednesday, reaching $60.01. 508,479 shares of the company's stock were exchanged, compared to its average volume of 2,052,885. The company has a market cap of $13.80 billion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 2.74 and a beta of 0.62. Evergy, Inc. has a 12-month low of $47.97 and a 12-month high of $62.58. The stock's 50 day moving average is $60.46 and its 200 day moving average is $56.64. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.59 and a quick ratio of 0.35.

Evergy (NYSE:EVRG - Get Free Report) last issued its quarterly earnings results on Friday, August 9th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. Evergy had a net margin of 13.12% and a return on equity of 8.50%. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the firm earned $0.81 EPS. On average, research analysts expect that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, August 20th were paid a dividend of $0.6425 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $2.57 annualized dividend and a yield of 4.28%. Evergy's dividend payout ratio (DPR) is currently 83.17%.

Insider Activity

In other Evergy news, SVP Charles A. Caisley sold 9,236 shares of Evergy stock in a transaction 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 sale, the senior vice president now owns 33,425 shares of the company's stock, valued at $1,993,132.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of the business's stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $58.85, for a total transaction of $194,263.85. Following the transaction, the director now owns 2,847 shares of the company's stock, 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 is accessible through the SEC website. Also, SVP Charles A. Caisley sold 9,236 shares of the company's stock in a transaction 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 completion of the sale, the senior vice president now owns 33,425 shares of the company's stock, valued at approximately $1,993,132.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,884 shares of company stock worth $941,810 over the last quarter. 0.47% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.