Evergy, Inc. (NASDAQ:EVRG) Shares Acquired by Toronto Dominion Bank

Toronto Dominion Bank grew its stake in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 18.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 135,274 shares of the company's stock after acquiring an additional 21,257 shares during the period. Toronto Dominion Bank owned 0.06% of Evergy worth $8,388,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Pathway Financial Advisers LLC boosted its position in Evergy by 6,854.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company's stock worth $157,443,000 after acquiring an additional 2,502,493 shares during the last quarter. Mizuho Securities USA LLC raised its stake in Evergy by 7,234.3% in the 3rd 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 in the last quarter. FMR LLC increased its holdings in shares of Evergy by 131.4% during the third quarter. FMR LLC now owns 2,004,414 shares of the company's stock worth $124,294,000 after purchasing an additional 1,138,138 shares during the period. Millennium Management LLC boosted 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 valued at $195,089,000 after buying an additional 1,026,374 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in Evergy during the second quarter worth approximately $50,044,000. Institutional investors and hedge funds own 87.24% of the company's stock.

Evergy Stock Performance

EVRG stock traded down $0.21 during mid-day trading on Friday, hitting $61.91. The company had a trading volume of 1,820,357 shares, compared to its average volume of 2,046,830. 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 stock's fifty day moving average price is $62.08 and its two-hundred day moving average price is $58.83. Evergy, Inc. has a 12 month low of $48.04 and a 12 month high of $65.47. The firm has a market cap of $14.24 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 2.77 and a beta of 0.64.

Evergy (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.95 by $0.07. The firm had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $2.35 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The business's quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the firm earned $1.88 EPS. On average, analysts forecast that Evergy, Inc. will post 3.85 earnings per share for the current fiscal year.

Evergy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, November 21st will be paid a $0.6675 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change 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 currently 72.16%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Barclays cut their target price on Evergy from $67.00 to $65.00 and set an "overweight" rating for the company in a research report on Monday, October 21st. Wells Fargo & Company upped their price target on shares of Evergy from $65.00 to $69.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. UBS Group upgraded shares of Evergy to a "hold" rating in a research report on Wednesday, September 18th. Jefferies Financial Group started coverage on Evergy in a research report on Thursday, September 19th. They set a "buy" rating and a $70.00 price objective for the company. Finally, Mizuho began coverage on Evergy in a research report on Tuesday, October 29th. They issued an "outperform" rating and a $67.00 target price on the stock. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $61.88.

Insider Activity

In related news, EVP Kevin E. Bryant sold 48,141 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total value of $3,029,513.13. Following the completion of the transaction, the executive vice president now owns 1 shares of the company's stock, valued at approximately $62.93. This trade represents a 100.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.47% of the company's stock.

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.