Evergy, Inc. (NYSE:EVRG) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado reduced its position in shares of Evergy, Inc. (NYSE:EVRG) by 5.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,487 shares of the company’s stock after selling 1,396 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Evergy were worth $1,191,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Manning & Napier Advisors LLC acquired a new position in shares of Evergy in the 2nd quarter valued at $112,464,000. Wedge Capital Management L L P NC boosted its stake in Evergy by 8.0% during the second quarter. Wedge Capital Management L L P NC now owns 260,331 shares of the company’s stock worth $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 valued at $16,892,000 after acquiring an additional 31,985 shares during the last quarter. APG Asset Management US Inc. purchased a new stake in shares of Evergy in the 4th quarter valued at approximately $2,057,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Evergy by 4.8% in the 4th quarter. Vanguard Group Inc. now owns 30,757,415 shares of the company’s stock worth $1,605,537,000 after acquiring an additional 1,399,199 shares during the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EVRG has been the subject of several research reports. UBS Group upgraded shares of Evergy to a “hold” rating in a report on Wednesday, September 18th. Jefferies Financial Group started 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, Barclays boosted their price objective on Evergy from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $60.00.

Insider Transactions at Evergy

In related news, SVP Charles A. Caisley sold 9,236 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $59.63, for a total value of $550,742.68. Following the transaction, the senior vice president now owns 33,425 shares of the company’s stock, valued at $1,993,132.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 shares were sold at an average price of $58.85, for a total transaction of $194,263.85. Following the completion of the sale, the director now owns 2,847 shares in the company, valued at approximately $167,545.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Charles A. Caisley sold 9,236 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total transaction of $550,742.68. Following the completion of the transaction, the senior vice president now directly owns 33,425 shares in the company, valued at $1,993,132.75. The disclosure for this sale can be found here. In the last three months, insiders sold 15,884 shares of company stock valued at $941,810. Insiders own 0.47% of the company’s stock.

Evergy Trading Down 0.5 %

NYSE:EVRG opened at $61.71 on Wednesday. Evergy, Inc. has a 12-month low of $46.92 and a 12-month high of $62.58. The firm has a market cap of $14.19 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 3.12 and a beta of 0.62. 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 stock has a fifty day moving average price of $58.93 and a 200 day moving average price of $55.10.

Evergy (NYSE:EVRG) last announced its quarterly earnings data on Friday, August 9th. The company reported $0.90 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the business posted $0.81 EPS. Sell-side analysts anticipate that Evergy, Inc. will post 3.85 earnings per share for the current fiscal year.

Evergy Announces Dividend

The company also recently disclosed 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 4.16%. Evergy’s payout ratio is 83.17%.

Evergy 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.