GAMMA Investing LLC Has $640,000 Stake in Evergy, Inc. (NYSE:EVRG)

GAMMA Investing LLC lifted its position in Evergy, Inc. (NYSE:EVRG) by 19.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,313 shares of the company’s stock after purchasing an additional 1,686 shares during the quarter. GAMMA Investing LLC’s holdings in Evergy were worth $640,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Evergy by 0.9% in the first quarter. Vanguard Group Inc. now owns 31,046,328 shares of the company’s stock valued at $1,657,253,000 after purchasing an additional 288,913 shares in the last quarter. Millennium Management LLC raised its stake in Evergy by 38.6% during the second quarter. Millennium Management LLC now owns 3,683,000 shares of the company’s stock worth $195,089,000 after acquiring an additional 1,026,374 shares in the last quarter. Point72 Asset Management L.P. raised its stake in 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 acquiring an additional 3,294,967 shares in the last quarter. Federated Hermes Inc. raised its stake in Evergy by 18.8% during the second quarter. Federated Hermes Inc. now owns 3,490,674 shares of the company’s stock worth $184,901,000 after acquiring an additional 552,455 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its stake in Evergy by 5.3% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,686,541 shares of the company’s stock worth $141,787,000 after acquiring an additional 134,236 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Evergy

In related news, SVP Charles A. Caisley sold 9,236 shares of the firm’s stock in a transaction dated 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 in the company, valued at $1,993,132.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Charles A. Caisley sold 9,236 shares of the firm’s stock in a transaction dated 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 in the company, valued at $1,993,132.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $194,263.85. Following the completion of the transaction, the director now directly owns 2,847 shares in the company, valued at $167,545.95. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,884 shares of company stock worth $941,810 over the last 90 days. Insiders own 0.47% of the company’s stock.

Evergy Price Performance

Shares of EVRG stock opened at $59.86 on Wednesday. The stock’s fifty day moving average is $59.93 and its 200-day moving average is $55.77. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.35 and a current ratio of 0.59. The stock has a market capitalization of $13.76 billion, a PE ratio of 19.37, a PEG ratio of 2.76 and a beta of 0.62. Evergy, Inc. has a 52 week low of $47.46 and a 52 week high of $62.58.

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

Evergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Tuesday, August 20th were issued a $0.6425 dividend. This represents a $2.57 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend was Tuesday, August 20th. Evergy’s dividend payout ratio is 83.17%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Barclays increased their price objective on Evergy from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. UBS Group upgraded Evergy to a “hold” rating in a research note on Wednesday, September 18th. Finally, Jefferies Financial Group assumed coverage on Evergy in a research note on Thursday, September 19th. They set a “buy” rating and a $70.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Evergy presently has a consensus rating of “Moderate Buy” and an average 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.