Thompson Siegel & Walmsley LLC Sells 188,296 Shares of Evergy, Inc. (NYSE:EVRG)

Thompson Siegel & Walmsley LLC lowered its stake in Evergy, Inc. (NYSE:EVRG - Free Report) by 9.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,810,122 shares of the company's stock after selling 188,296 shares during the quarter. Evergy makes up approximately 1.7% of Thompson Siegel & Walmsley LLC's investment portfolio, making the stock its 6th largest position. Thompson Siegel & Walmsley LLC owned 0.79% of Evergy worth $112,246,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in EVRG. Pathway Financial Advisers LLC grew its holdings in shares of Evergy by 6,854.6% during the third quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company's stock worth $157,443,000 after purchasing an additional 2,502,493 shares during the last quarter. Manning & Napier Advisors LLC bought a new stake in Evergy during the 2nd quarter worth approximately $112,464,000. Zimmer Partners LP increased its position in Evergy by 781.4% in the 1st quarter. Zimmer Partners LP now owns 2,326,385 shares of the company's stock valued at $124,182,000 after acquiring an additional 2,062,434 shares during the period. Mizuho Securities USA LLC lifted its holdings in shares of Evergy by 7,234.3% during the third quarter. Mizuho Securities USA LLC now owns 1,300,000 shares of the company's stock worth $80,613,000 after purchasing an additional 1,282,275 shares during the period. Finally, Millennium Management LLC grew its stake in shares of Evergy by 38.6% in the second quarter. Millennium Management LLC now owns 3,683,000 shares of the company's stock worth $195,089,000 after purchasing an additional 1,026,374 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Evergy Stock Performance

Shares of Evergy stock traded up $0.80 during trading hours on Thursday, hitting $64.51. 750,923 shares of the company's stock traded hands, compared to its average volume of 2,061,471. Evergy, Inc. has a 12-month low of $48.04 and a 12-month high of $64.69. The company has a fifty day simple moving average of $61.36 and a 200-day simple moving average of $57.74. 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 stock has a market capitalization of $14.84 billion, a price-to-earnings ratio of 17.15, a PEG ratio of 2.85 and a beta of 0.62.

Evergy (NYSE:EVRG - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the business posted $1.88 EPS. Evergy's quarterly revenue was up 8.5% compared to the same quarter last year. Equities research analysts anticipate that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 21st will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.67 annualized dividend and a yield of 4.14%. This is a positive change from Evergy's previous quarterly dividend of $0.64. Evergy's dividend payout ratio (DPR) is 69.46%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on EVRG shares. Mizuho began coverage on shares of Evergy in a research report on Tuesday, October 29th. They issued an "outperform" rating and a $67.00 price target on the stock. Jefferies Financial Group initiated coverage on Evergy in a research report on Thursday, September 19th. They issued a "buy" rating and a $70.00 target price for the company. Barclays lowered their target price 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. Wells Fargo & Company lifted their price target on Evergy from $65.00 to $69.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Finally, UBS Group upgraded Evergy to a "hold" rating in a report on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $61.88.

Insider Buying and Selling at Evergy

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The stock was 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 of the company's stock, valued at $62.93. The trade was a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Heather A. Humphrey sold 3,347 shares of the firm's stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total transaction of $196,803.60. Following the completion of the sale, the senior vice president now owns 35,314 shares of the company's stock, valued at $2,076,463.20. This trade represents a 8.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 60,724 shares of company stock valued at $3,777,059 over the last three months. 0.47% of the stock is currently owned by insiders.

Evergy 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.