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

Public Employees Retirement Association of Colorado decreased its holdings in shares of Evergy, Inc. (NYSE:EVRG) by 5.8% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 22,487 shares of the company’s stock after selling 1,396 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Evergy were worth $1,191,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Point72 Asset Management L.P. grew its position in Evergy by 1,038.7% in the 4th quarter. Point72 Asset Management L.P. now owns 3,612,200 shares of the company’s stock valued at $188,557,000 after buying an additional 3,294,967 shares during the last quarter. Manning & Napier Advisors LLC purchased a new stake in shares of Evergy in the second quarter valued at about $112,464,000. Zimmer Partners LP increased its stake in shares of Evergy by 781.4% during the first quarter. Zimmer Partners LP now owns 2,326,385 shares of the company’s stock worth $124,182,000 after acquiring an additional 2,062,434 shares during the period. Balyasny Asset Management L.P. acquired a new position in shares of Evergy during the fourth quarter worth about $89,832,000. Finally, Vanguard Group Inc. raised its holdings in Evergy by 4.8% during the fourth quarter. Vanguard Group Inc. now owns 30,757,415 shares of the company’s stock worth $1,605,537,000 after purchasing an additional 1,399,199 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Stock Performance

NYSE EVRG opened at $61.71 on Wednesday. The business has a 50 day moving average price of $58.93 and a 200 day moving average price of $55.10. The company has a market capitalization of $14.19 billion, a P/E ratio of 19.97, a PEG ratio of 3.12 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.

Evergy (NYSE:EVRG) last announced its quarterly 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. The business had revenue of $1.45 billion during 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 last year, the business posted $0.81 earnings per share. Sell-side analysts expect that Evergy, Inc. will post 3.85 EPS for the current fiscal year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, August 20th were given a dividend of $0.6425 per share. This represents a $2.57 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Tuesday, August 20th. Evergy’s payout ratio is currently 83.17%.

Wall Street Analyst Weigh In

EVRG has been the topic of a number of analyst reports. Barclays lifted 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. Jefferies Financial Group assumed coverage on Evergy in a research note on Thursday, September 19th. They issued a “buy” rating and a $70.00 price target on the stock. Finally, UBS Group upgraded Evergy to a “hold” rating in a research report on Wednesday, September 18th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $60.00.

Insider Buying and Selling at Evergy

In other 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 transaction 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Charles A. Caisley sold 9,236 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were 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 owns 33,425 shares of the company’s stock, valued at approximately $1,993,132.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann D. Murtlow sold 3,301 shares of the firm’s stock in a transaction dated 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 directly owns 2,847 shares in the company, valued at $167,545.95. The disclosure for this sale can be found here. Insiders have sold 15,884 shares of company stock valued at $941,810 over the last quarter. Corporate insiders own 0.47% of the company’s stock.

About Evergy

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.