Evergy, Inc. (NYSE:EVRG) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its position in shares of Evergy, Inc. (NYSE:EVRG) by 1.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 743,409 shares of the company’s stock after selling 11,089 shares during the period. Thrivent Financial for Lutherans owned about 0.32% of Evergy worth $39,378,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in EVRG. Point72 Asset Management L.P. increased its position in shares of Evergy by 1,038.7% during the fourth quarter. Point72 Asset Management L.P. now owns 3,612,200 shares of the company’s stock worth $188,557,000 after purchasing an additional 3,294,967 shares in the last quarter. Manning & Napier Advisors LLC acquired a new position in Evergy in the 2nd quarter valued at about $112,464,000. Zimmer Partners LP increased its position in Evergy by 781.4% in the 1st quarter. Zimmer Partners LP now owns 2,326,385 shares of the company’s stock valued at $124,182,000 after acquiring an additional 2,062,434 shares during the period. Balyasny Asset Management L.P. acquired a new position in Evergy in the 4th quarter valued at about $89,832,000. Finally, Vanguard Group Inc. increased its position in Evergy by 4.8% in the 4th quarter. Vanguard Group Inc. now owns 30,757,415 shares of the company’s stock valued at $1,605,537,000 after acquiring an additional 1,399,199 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

Insider Transactions at Evergy

In other 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 sale, the director now owns 2,847 shares of the company’s stock, valued at approximately $167,545.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Heather A. Humphrey sold 3,347 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was 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 of the company’s stock, valued at approximately $2,076,463.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Ann D. Murtlow sold 3,301 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total value of $194,263.85. Following the completion of the sale, the director now directly owns 2,847 shares in the company, valued at approximately $167,545.95. 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 quarter. 0.47% of the stock is currently owned by corporate insiders.

Evergy Stock Performance

NYSE EVRG opened at $61.65 on Monday. The company has a current ratio of 0.59, a quick ratio of 0.35 and a debt-to-equity ratio of 1.23. The business’s 50 day moving average is $58.63 and its two-hundred day moving average is $54.95. Evergy, Inc. has a 12-month low of $46.92 and a 12-month high of $62.24. The stock has a market capitalization 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 earnings results on Friday, August 9th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.01. Evergy had a return on equity of 8.50% and a net margin of 13.12%. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the firm posted $0.81 EPS. Research analysts expect that Evergy, Inc. will post 3.85 EPS for the current year.

Evergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Tuesday, August 20th were paid a dividend of $0.6425 per share. 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 (DPR) is 83.17%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EVRG. Barclays boosted their price target on Evergy from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. Jefferies Financial Group began coverage on Evergy in a research report on Thursday. They issued a “buy” rating and a $70.00 price target on the stock. Finally, UBS Group upgraded Evergy to a “hold” rating in a research report on Wednesday, September 18th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Evergy currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

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.