Mutual of America Capital Management LLC Reduces Stock Holdings in Evergy, Inc. (NYSE:EVRG)

Mutual of America Capital Management LLC lowered its position in Evergy, Inc. (NYSE:EVRG) by 0.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,470 shares of the company’s stock after selling 609 shares during the quarter. Mutual of America Capital Management LLC owned 0.05% of Evergy worth $6,222,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Sierra Summit Advisors LLC purchased a new stake in Evergy during the 2nd quarter worth about $407,000. Dimensional Fund Advisors LP increased its position in Evergy by 7.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,236,343 shares of the company’s stock worth $65,491,000 after purchasing an additional 83,035 shares in the last quarter. Redwood Wealth Management Group LLC purchased a new stake in Evergy during the 2nd quarter worth about $129,000. Teilinger Capital Ltd. increased its position in Evergy by 32.7% during the 2nd quarter. Teilinger Capital Ltd. now owns 390,000 shares of the company’s stock worth $20,658,000 after purchasing an additional 96,000 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its position in Evergy by 1.5% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 15,650 shares of the company’s stock worth $829,000 after purchasing an additional 227 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Jefferies Financial Group assumed coverage on Evergy in a research report on Thursday. They set a “buy” rating and a $70.00 price objective for the company. UBS Group upgraded Evergy to a “hold” rating in a research report on Wednesday. Finally, Barclays lifted their price objective on Evergy from $61.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Evergy Stock Up 0.9 %

Shares of NYSE:EVRG opened at $61.65 on Friday. The stock’s 50-day moving average price is $58.50 and its two-hundred day moving average price is $54.81. The company has a current ratio of 0.59, a quick ratio of 0.35 and a debt-to-equity ratio of 1.23. Evergy, Inc. has a 12-month low of $46.92 and a 12-month high of $62.24. The firm has a market cap of $14.18 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 3.12 and a beta of 0.62.

Evergy (NYSE:EVRG) last released its quarterly earnings data 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. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.32 billion. Evergy had a return on equity of 8.50% and a net margin of 13.12%. During the same period in the previous year, the company posted $0.81 EPS. On average, research analysts forecast that Evergy, Inc. will post 3.85 EPS for the current year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Tuesday, August 20th were paid a $0.6425 dividend. This represents a $2.57 annualized dividend and a dividend yield of 4.17%. The ex-dividend date was Tuesday, August 20th. Evergy’s dividend payout ratio is currently 83.17%.

Insider Activity

In other news, SVP Heather A. Humphrey sold 3,347 shares of Evergy stock in a transaction dated Tuesday, August 27th. The stock was 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 approximately $2,076,463.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Ann D. Murtlow sold 3,301 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $58.85, for a total transaction of $194,263.85. Following the sale, the director now directly owns 2,847 shares in the company, valued at approximately $167,545.95. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Heather A. Humphrey sold 3,347 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total value of $196,803.60. Following the sale, the senior vice president now owns 35,314 shares in the company, valued at $2,076,463.20. The disclosure for this sale can be found here. Insiders have sold 15,884 shares of company stock valued at $941,810 in the last three months. Corporate 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.