Evergy, Inc. (NASDAQ:EVRG) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio reduced its position in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 8.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,479 shares of the company's stock after selling 8,413 shares during the period. Public Employees Retirement System of Ohio's holdings in Evergy were worth $5,611,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC lifted its stake in shares of Evergy by 391.1% in the 3rd quarter. HighTower Advisors LLC now owns 97,186 shares of the company's stock valued at $6,030,000 after purchasing an additional 77,398 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Evergy by 13.2% in the second quarter. Envestnet Asset Management Inc. now owns 307,797 shares of the company's stock worth $16,304,000 after buying an additional 35,940 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Evergy by 60.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 44,024 shares of the company's stock worth $2,332,000 after buying an additional 16,619 shares during the period. Victory Capital Management Inc. increased its position in Evergy by 49.2% during the second quarter. Victory Capital Management Inc. now owns 1,178,289 shares of the company's stock valued at $62,414,000 after acquiring an additional 388,625 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in 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 acquiring an additional 239,599 shares during the last quarter. 87.24% of the stock is owned by institutional investors.

Evergy Stock Performance

Shares of Evergy stock traded down $0.21 during trading on Friday, hitting $61.91. 1,820,357 shares of the company's stock were exchanged, compared to its average volume of 2,046,830. The business has a 50-day simple moving average of $62.08 and a 200-day simple moving average of $58.83. The stock has a market capitalization of $14.24 billion, a price-to-earnings ratio of 16.73, a PEG ratio of 2.77 and a beta of 0.64. Evergy, Inc. has a 52-week low of $48.04 and a 52-week high of $65.47. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55.

Evergy (NASDAQ:EVRG - Get Free Report) last posted its earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.07. Evergy had a net margin of 14.77% and a return on equity of 8.77%. 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 previous year, the business posted $1.88 EPS. The business's revenue was up 8.5% compared to the same quarter last year. On average, research analysts forecast that Evergy, Inc. will post 3.85 EPS for the current year.

Evergy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, November 21st will be given a $0.6675 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This is a boost from Evergy's previous quarterly dividend of $0.64. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.31%. Evergy's payout ratio is 72.16%.

Insider Transactions at Evergy

In other news, EVP Kevin E. Bryant sold 48,141 shares of the business's 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 completion of the sale, the executive vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on EVRG shares. Barclays lowered their target price on shares of Evergy from $67.00 to $65.00 and set an "overweight" rating for the company in a report on Monday, October 21st. UBS Group upgraded shares of Evergy to a "hold" rating in a report on Wednesday, September 18th. Mizuho initiated coverage on Evergy in a report on Tuesday, October 29th. They issued an "outperform" rating and a $67.00 price target on the stock. Jefferies Financial Group began coverage on Evergy in a research report on Thursday, September 19th. They set a "buy" rating and a $70.00 price target on the stock. Finally, Wells Fargo & Company upped 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. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, Evergy presently has an average rating of "Moderate Buy" and an average target price of $61.88.

About Evergy

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.