Victory Capital Management Inc. Has $71.49 Million Position in Evergy, Inc. (NYSE:EVRG)

Victory Capital Management Inc. cut its holdings in Evergy, Inc. (NYSE:EVRG - Free Report) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,152,923 shares of the company's stock after selling 25,366 shares during the quarter. Victory Capital Management Inc. owned about 0.50% of Evergy worth $71,493,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fairscale Capital LLC acquired a new position in shares of Evergy in the second quarter worth about $27,000. Hexagon Capital Partners LLC increased its holdings in shares of Evergy by 47.1% in the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company's stock valued at $33,000 after purchasing an additional 170 shares during the period. Rothschild Investment LLC purchased a new stake in shares of Evergy in the second quarter worth approximately $37,000. Hantz Financial Services Inc. acquired a new stake in shares of Evergy during the second quarter worth approximately $41,000. Finally, Sentry Investment Management LLC purchased a new position in Evergy during the third quarter valued at approximately $51,000. 87.24% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 value of $3,029,513.13. Following the sale, the executive vice president now owns 1 shares in the company, valued at approximately $62.93. The trade was a 100.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Charles A. Caisley sold 9,236 shares of the business's stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $59.63, for a total transaction of $550,742.68. Following the completion of the sale, the senior vice president now directly owns 33,425 shares in the company, valued at approximately $1,993,132.75. This represents a 21.65 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 60,724 shares of company stock worth $3,777,059. Corporate insiders own 0.47% of the company's stock.

Evergy Price Performance

Shares of EVRG stock traded up $0.46 during trading hours on Friday, reaching $63.26. 591,465 shares of the company were exchanged, compared to its average volume of 2,065,023. 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 company has a market cap of $14.55 billion, a price-to-earnings ratio of 16.99, a P/E/G ratio of 2.82 and a beta of 0.62. The stock's fifty day moving average is $61.06 and its two-hundred day moving average is $57.41. Evergy, Inc. has a fifty-two week low of $48.04 and a fifty-two week high of $64.07.

Evergy (NYSE:EVRG - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.02 earnings per share for the quarter, topping analysts' consensus estimates of $1.95 by $0.07. The business 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%. Evergy's revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.88 earnings per share. Sell-side analysts forecast that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, November 21st will be issued a $0.6675 dividend. This is a positive change from Evergy's previous quarterly dividend of $0.64. The ex-dividend date is Thursday, November 21st. This represents a $2.67 annualized dividend and a dividend yield of 4.22%. Evergy's payout ratio is 69.46%.

Analyst Upgrades and Downgrades

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

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.