Hartford Investment Management Co. Has $884,000 Stock Holdings in Evergy, Inc. (NYSE:EVRG)

Hartford Investment Management Co. lowered its position in shares of Evergy, Inc. (NYSE:EVRG) by 1.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,248 shares of the company’s stock after selling 167 shares during the quarter. Hartford Investment Management Co.’s holdings in Evergy were worth $884,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Manning & Napier Advisors LLC bought a new position in shares of Evergy during the 2nd quarter valued at about $112,464,000. Wedge Capital Management L L P NC boosted its holdings in shares of Evergy by 8.0% in 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 period. State Board of Administration of Florida Retirement System increased its position in shares of Evergy by 11.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 316,455 shares of the company’s stock worth $16,892,000 after acquiring an additional 31,985 shares in the last quarter. Jennison Associates LLC acquired a new stake in shares of Evergy during the first quarter worth $37,526,000. Finally, Entropy Technologies LP lifted its position in Evergy by 129.2% in the 1st quarter. Entropy Technologies LP now owns 36,838 shares of the company’s stock valued at $1,966,000 after acquiring an additional 20,764 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

Insider Activity at Evergy

In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of the business’s stock in a transaction that occurred 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 $167,545.95. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of Evergy stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total transaction of $194,263.85. Following the completion of the transaction, the director now directly owns 2,847 shares of the company’s stock, valued at $167,545.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Heather A. Humphrey sold 3,347 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total transaction of $196,803.60. Following the completion of the transaction, the senior vice president now owns 35,314 shares in the company, valued at approximately $2,076,463.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,884 shares of company stock worth $941,810. Insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on EVRG shares. Jefferies Financial Group initiated coverage on Evergy in a report on Thursday, September 19th. They set a “buy” rating and a $70.00 target price for the company. Wells Fargo & Company lifted their target price on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Barclays reduced their price target on Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Finally, UBS Group upgraded shares of Evergy to a “hold” rating in a report on Wednesday, September 18th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $61.14.

Evergy Stock Down 1.4 %

EVRG stock opened at $60.77 on Friday. The company has a market cap of $13.97 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 2.74 and a beta of 0.62. Evergy, Inc. has a twelve month low of $47.97 and a twelve month high of $62.58. The business has a 50 day moving average price of $60.38 and a two-hundred day moving average price of $56.47. The company has a quick ratio of 0.35, a current ratio of 0.59 and a debt-to-equity ratio of 1.23.

Evergy (NYSE:EVRG) last released its earnings results on Friday, August 9th. The company reported $0.90 earnings per share for the quarter, beating 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 business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the business earned $0.81 earnings per share. Analysts anticipate that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Tuesday, August 20th were issued a $0.6425 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.23%. Evergy’s payout ratio is 80.06%.

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.