Evergy, Inc. (NASDAQ:EVRG) Stake Lessened by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lessened its holdings in Evergy, Inc. (NASDAQ:EVRG) by 5.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,163 shares of the company’s stock after selling 1,080 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Evergy were worth $1,064,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. 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 period. Mizuho Securities USA LLC lifted its position in shares of Evergy by 7,234.3% in 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 in the last quarter. FMR LLC boosted 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 holdings in shares of 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 purchasing an additional 1,026,374 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new position in Evergy during the second quarter valued at approximately $50,044,000. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Insider Activity at Evergy

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of Evergy 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 transaction, 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.26% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on EVRG shares. 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 report on Thursday, September 19th. They set a “buy” rating and a $70.00 price objective for the company. Barclays lowered their target price on Evergy from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Mizuho assumed coverage on Evergy in a research note on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price target for the company. Finally, Wells Fargo & Company boosted 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. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $61.88.

Evergy Stock Down 1.6 %

EVRG opened at $60.50 on Thursday. The firm has a market cap of $13.91 billion, a P/E ratio of 16.35, a price-to-earnings-growth ratio of 2.77 and a beta of 0.64. 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 business has a 50 day moving average price of $62.16 and a 200 day moving average price of $58.95. Evergy, Inc. has a twelve month low of $48.04 and a twelve month high of $65.47.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings data 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. 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 quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.88 EPS. Research analysts forecast that Evergy, Inc. will post 3.85 EPS for the current year.

Evergy Increases Dividend

The firm also recently disclosed 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 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 4.41%. Evergy’s payout ratio is presently 72.16%.

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.