Mackenzie Financial Corp Sells 9,559 Shares of Evergy, Inc. (NYSE:EVRG)

Mackenzie Financial Corp trimmed its position in shares of Evergy, Inc. (NYSE:EVRG) by 7.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 123,527 shares of the company’s stock after selling 9,559 shares during the quarter. Mackenzie Financial Corp owned 0.05% of Evergy worth $6,543,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of EVRG. The Manufacturers Life Insurance Company raised its holdings in shares of Evergy by 2.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 738,756 shares of the company’s stock worth $39,132,000 after acquiring an additional 17,074 shares during the last quarter. Millennium Management LLC increased its holdings in Evergy by 38.6% during the 2nd 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 in the last quarter. MBB Public Markets I LLC purchased a new stake in shares of Evergy in the second quarter worth approximately $893,000. Dark Forest Capital Management LP bought a new position in shares of Evergy in the second quarter valued at approximately $370,000. Finally, Decade Renewable Partners LP boosted its position in shares of Evergy by 62.7% during the second quarter. Decade Renewable Partners LP now owns 213,526 shares of the company’s stock valued at $11,310,000 after buying an additional 82,257 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Insider Activity

In related news, Director Ann D. Murtlow sold 3,301 shares of Evergy stock in a transaction dated Tuesday, August 13th. The stock was 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 owns 2,847 shares of the company’s stock, valued at approximately $167,545.95. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Ann D. Murtlow sold 3,301 shares of the firm’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 transaction, the director now directly owns 2,847 shares of the company’s stock, valued at approximately $167,545.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Charles A. Caisley sold 9,236 shares of the business’s 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 sale, the senior vice president now directly owns 33,425 shares in the company, valued at approximately $1,993,132.75. 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 90 days. Insiders own 0.47% of the company’s stock.

Evergy Price Performance

Shares of NYSE:EVRG opened at $62.01 on Tuesday. The company has a market capitalization of $14.26 billion, a P/E ratio of 20.07, a price-to-earnings-growth ratio of 2.76 and a beta of 0.62. The company’s 50-day moving average is $59.45 and its 200 day moving average is $55.40. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.35 and a current ratio of 0.59. Evergy, Inc. has a fifty-two week low of $46.92 and a fifty-two week high of $62.58.

Evergy (NYSE:EVRG) last released its earnings results on Friday, August 9th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. Evergy had a net margin of 13.12% and a return on equity of 8.50%. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the previous year, the company earned $0.81 earnings per share. On average, equities research analysts forecast that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, August 20th were paid a $0.6425 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $2.57 annualized dividend and a dividend yield of 4.14%. Evergy’s payout ratio is presently 83.17%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EVRG. Barclays increased 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 assumed coverage on shares of Evergy in a report on Thursday, September 19th. They issued a “buy” rating and a $70.00 target price for the company. Finally, UBS Group upgraded shares of Evergy to a “hold” rating in a report on Wednesday, September 18th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Evergy has an average rating of “Moderate Buy” and a consensus target price 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.