Evergy, Inc. (NYSE:EVRG) Shares Sold by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund cut its position in shares of Evergy, Inc. (NYSE:EVRG) by 8.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 6,808 shares of the company’s stock after selling 608 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Evergy were worth $422,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EVRG. Millennium Management LLC increased its position in Evergy by 38.6% during the second quarter. Millennium Management LLC now owns 3,683,000 shares of the company’s stock worth $195,089,000 after buying an additional 1,026,374 shares in the last quarter. Federated Hermes Inc. grew its position in shares of Evergy by 18.8% in the second quarter. Federated Hermes Inc. now owns 3,490,674 shares of the company’s stock valued at $184,901,000 after purchasing an additional 552,455 shares during the period. Pathway Financial Advisers LLC grew its position in shares of Evergy by 6,854.6% in the third quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company’s stock valued at $157,443,000 after purchasing an additional 2,502,493 shares during the period. Zimmer Partners LP grew its position in shares of Evergy by 781.4% in the first quarter. Zimmer Partners LP now owns 2,326,385 shares of the company’s stock valued at $124,182,000 after purchasing an additional 2,062,434 shares during the period. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of Evergy in the second quarter valued at $112,464,000. 87.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EVRG. Mizuho began coverage on Evergy in a research report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price objective for the company. Wells Fargo & Company lifted their price objective on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Barclays lowered their price objective on Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Jefferies Financial Group assumed coverage on Evergy in a research report on Thursday, September 19th. They set a “buy” rating and a $70.00 price target for the company. Finally, UBS Group raised Evergy to a “hold” rating in a research report on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Evergy presently has a consensus rating of “Moderate Buy” and an average target price of $61.88.

Insider Activity at Evergy

In other news, EVP Kevin E. Bryant sold 48,141 shares of the company’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 completion of the transaction, the executive vice president now directly owns 1 shares of the company’s stock, valued at approximately $62.93. This represents a 100.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Heather A. Humphrey sold 3,347 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total value of $196,803.60. Following the transaction, the senior vice president now directly owns 35,314 shares of the company’s stock, valued at $2,076,463.20. This trade represents a 8.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 60,724 shares of company stock valued at $3,777,059 over the last three months. 3.26% of the stock is owned by insiders.

Evergy Trading Up 0.2 %

Shares of EVRG opened at $63.98 on Wednesday. The stock’s 50-day moving average is $61.28 and its two-hundred day moving average is $57.70. The stock has a market cap of $14.71 billion, a PE ratio of 17.29, a P/E/G ratio of 2.84 and a beta of 0.62. Evergy, Inc. has a 12 month low of $48.04 and a 12 month high of $64.14. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32.

Evergy (NYSE:EVRG) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.07. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the previous year, the firm posted $1.88 earnings per share. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. Equities analysts forecast that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 21st will be paid a $0.6675 dividend. This is a boost from Evergy’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.67 annualized dividend and a dividend yield of 4.17%. Evergy’s payout ratio is 69.46%.

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.