Intech Investment Management LLC Grows Position in Evergy, Inc. (NYSE:EVRG)

Intech Investment Management LLC grew its holdings in shares of Evergy, Inc. (NYSE:EVRG) by 35.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,023 shares of the company’s stock after purchasing an additional 26,079 shares during the quarter. Intech Investment Management LLC’s holdings in Evergy were worth $5,298,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of EVRG. Fidelis Capital Partners LLC bought a new position in Evergy in the 1st quarter worth approximately $32,000. Toth Financial Advisory Corp lifted its position in shares of Evergy by 199.5% during the first quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock worth $34,000 after acquiring an additional 423 shares in the last quarter. Rothschild Investment LLC bought a new position in shares of Evergy in the second quarter worth $37,000. Hantz Financial Services Inc. purchased a new position in shares of Evergy in the second quarter valued at $41,000. Finally, Principal Securities Inc. bought a new stake in shares of Evergy during the 4th quarter valued at $43,000. Institutional investors own 87.24% of the company’s stock.

Evergy Stock Performance

Shares of EVRG opened at $61.65 on Friday. 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 50-day moving average price of $58.63 and a 200-day moving average price of $54.92. The company has a market cap of $14.18 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 3.12 and a beta of 0.62. Evergy, Inc. has a 12-month low of $46.92 and a 12-month high of $62.24.

Evergy (NYSE:EVRG) last issued its quarterly earnings results on Friday, August 9th. The company reported $0.90 EPS for the quarter, topping 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 analyst estimates of $1.32 billion. During the same quarter in the prior year, the firm earned $0.81 EPS. As a group, equities analysts forecast that Evergy, Inc. will post 3.85 earnings per share for the current fiscal 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 issued a $0.6425 dividend. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date was Tuesday, August 20th. Evergy’s payout ratio is currently 83.17%.

Analysts Set New Price Targets

EVRG has been the subject of several analyst reports. UBS Group upgraded Evergy to a “hold” rating in a research note on Wednesday. Barclays increased their price target on shares of Evergy from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. Finally, Jefferies Financial Group assumed coverage on shares of Evergy in a research note on Thursday. They set a “buy” rating and a $70.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Insider Activity

In related 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 value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Heather A. Humphrey sold 3,347 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total transaction of $196,803.60. Following the transaction, the senior vice president now directly owns 35,314 shares of the company’s stock, valued at $2,076,463.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ann D. Murtlow sold 3,301 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $167,545.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,884 shares of company stock worth $941,810. 0.47% of the stock is currently owned by insiders.

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.