Teachers Retirement System of The State of Kentucky Has $966,000 Stake in Evergy, Inc. (NYSE:EVRG)

Teachers Retirement System of The State of Kentucky lowered its holdings in Evergy, Inc. (NYSE:EVRG) by 2.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,243 shares of the company’s stock after selling 531 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Evergy were worth $966,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fairscale Capital LLC acquired a new position in shares of Evergy during the second quarter valued at about $27,000. Fidelis Capital Partners LLC acquired a new position in Evergy during the 1st quarter valued at about $32,000. Toth Financial Advisory Corp increased its holdings in Evergy by 199.5% during the 1st quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock worth $34,000 after purchasing an additional 423 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of Evergy in the second quarter worth approximately $37,000. Finally, Hantz Financial Services Inc. bought a new position in shares of Evergy in the second quarter valued at approximately $41,000. Institutional investors own 87.24% of the company’s stock.

Insider Activity

In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of the stock in a transaction dated 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 transaction, the director now owns 2,847 shares in the company, valued at $167,545.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of the stock in a transaction 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 in the company, valued at $167,545.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Charles A. Caisley sold 9,236 shares of the firm’s 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 completion of the transaction, the senior vice president now directly owns 33,425 shares of the company’s stock, valued at $1,993,132.75. The trade was a 0.00 % decrease in their ownership of the stock. 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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Jefferies Financial Group started coverage on Evergy in a report on Thursday, September 19th. They set a “buy” rating and a $70.00 price target for the company. UBS Group raised shares of Evergy to a “hold” rating in a report on Wednesday, September 18th. Finally, Barclays increased their target price on shares of 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 company’s stock. According to data from MarketBeat, Evergy has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Evergy Trading Down 0.7 %

Shares of Evergy stock opened at $60.33 on Friday. The firm has a market cap of $13.87 billion, a PE ratio of 19.52, a P/E/G ratio of 2.76 and a beta of 0.62. Evergy, Inc. has a 1 year low of $46.92 and a 1 year high of $62.58. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.59 and a quick ratio of 0.35. The stock has a fifty day moving average price of $59.84 and a 200-day moving average price of $55.63.

Evergy (NYSE:EVRG) last posted its quarterly earnings data on Friday, August 9th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. Evergy had a net margin of 13.12% and a return on equity of 8.50%. During the same quarter last year, the company posted $0.81 earnings per share. Equities research analysts anticipate that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Announces Dividend

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 4.26%. Evergy’s payout ratio is presently 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.