Susquehanna Fundamental Investments LLC Has $11.08 Million Stock Holdings in Evergy, Inc. (NYSE:EVRG)

Susquehanna Fundamental Investments LLC trimmed its position in Evergy, Inc. (NYSE:EVRG) by 3.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209,232 shares of the company’s stock after selling 8,130 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Evergy were worth $11,083,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Evergy by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 31,046,328 shares of the company’s stock valued at $1,657,253,000 after buying an additional 288,913 shares in the last quarter. Millennium Management LLC grew its holdings in Evergy by 38.6% in the 2nd quarter. Millennium Management LLC now owns 3,683,000 shares of the company’s stock valued at $195,089,000 after buying an additional 1,026,374 shares in the last quarter. Point72 Asset Management L.P. grew its holdings 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 in the last quarter. Federated Hermes Inc. grew its holdings in Evergy by 18.8% in the 2nd quarter. Federated Hermes Inc. now owns 3,490,674 shares of the company’s stock valued at $184,901,000 after buying an additional 552,455 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in Evergy by 5.3% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,686,541 shares of the company’s stock valued at $141,787,000 after buying an additional 134,236 shares in the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Evergy Price Performance

Shares of EVRG stock opened at $61.94 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.59 and a debt-to-equity ratio of 1.23. Evergy, Inc. has a twelve month low of $46.92 and a twelve month high of $62.58. The company has a market cap of $14.24 billion, a P/E ratio of 20.05, a P/E/G ratio of 2.76 and a beta of 0.62. The business has a fifty day simple moving average of $59.32 and a 200 day simple moving average of $55.29.

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

Evergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Tuesday, August 20th were given a dividend of $0.6425 per share. The ex-dividend date was Tuesday, August 20th. This represents a $2.57 annualized dividend and a dividend yield of 4.15%. Evergy’s dividend payout ratio is currently 83.17%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EVRG. Barclays upped 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 initiated coverage on Evergy in a research report on Thursday, September 19th. They set a “buy” rating and a $70.00 target price for the company. Finally, UBS Group upgraded Evergy to a “hold” rating in a research report on Wednesday, September 18th. Three equities 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 has an average rating of “Moderate Buy” and an average price target of $60.00.

Insider Buying and Selling

In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of the 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 transaction, the director now directly owns 2,847 shares in the company, valued at $167,545.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of the 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 transaction, the director now directly owns 2,847 shares in the company, valued at $167,545.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Heather A. Humphrey sold 3,347 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total value of $196,803.60. Following the completion of the transaction, the senior vice president now owns 35,314 shares of the company’s stock, valued at $2,076,463.20. The disclosure for this sale can be found here. Insiders sold a total of 15,884 shares of company stock worth $941,810 in the last ninety days. 0.47% of the stock is owned by insiders.

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.