Mackenzie Financial Corp Trims Stake in Evergy, Inc. (NYSE:EVRG)

Mackenzie Financial Corp lessened its holdings in Evergy, Inc. (NYSE:EVRG) by 7.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 123,527 shares of the company’s stock after selling 9,559 shares during the period. Mackenzie Financial Corp’s holdings in Evergy were worth $6,543,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company increased its stake in Evergy by 2.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 738,756 shares of the company’s stock worth $39,132,000 after acquiring an additional 17,074 shares during the last quarter. Millennium Management LLC increased its position in shares of Evergy by 38.6% in the second quarter. Millennium Management LLC now owns 3,683,000 shares of the company’s stock worth $195,089,000 after purchasing an additional 1,026,374 shares during the last quarter. MBB Public Markets I LLC bought a new stake in Evergy during the second quarter valued at approximately $893,000. Dark Forest Capital Management LP purchased a new position in Evergy in the 2nd quarter worth approximately $370,000. Finally, Decade Renewable Partners LP increased its holdings in shares of Evergy by 62.7% in the 2nd quarter. Decade Renewable Partners LP now owns 213,526 shares of the company’s stock worth $11,310,000 after buying an additional 82,257 shares during the last quarter. Institutional investors own 87.24% of the company’s stock.

Evergy Stock Up 0.1 %

EVRG opened at $62.01 on Tuesday. Evergy, Inc. has a 12 month low of $46.92 and a 12 month high of $62.58. 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 business’s 50-day moving average price is $59.45 and its 200-day moving average price is $55.40. The company has a market cap of $14.26 billion, a P/E ratio of 20.07, a P/E/G ratio of 2.76 and a beta of 0.62.

Evergy (NYSE:EVRG) last released its quarterly earnings data 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. Evergy had a return on equity of 8.50% and a net margin of 13.12%. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the firm posted $0.81 earnings per share. On average, equities analysts expect that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, August 20th were given a $0.6425 dividend. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date was Tuesday, August 20th. Evergy’s payout ratio is 83.17%.

Insider Buying and Selling at Evergy

In related 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 value of $196,803.60. Following the sale, the senior vice president now directly owns 35,314 shares of the company’s stock, valued at $2,076,463.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Heather A. Humphrey sold 3,347 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total transaction of $196,803.60. Following the completion of the transaction, the senior vice president now owns 35,314 shares in the company, valued at $2,076,463.20. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Charles A. Caisley sold 9,236 shares of Evergy stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total transaction of $550,742.68. Following the completion of the sale, the senior vice president now owns 33,425 shares in the company, valued at approximately $1,993,132.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,884 shares of company stock worth $941,810. 0.47% of the stock is currently owned by company insiders.

Analyst Ratings Changes

EVRG has been the subject of several research reports. Barclays upped their target price on shares of Evergy from $61.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 13th. Jefferies Financial Group assumed coverage on Evergy in a research report on Thursday, September 19th. They set a “buy” rating and a $70.00 price objective on the stock. Finally, UBS Group raised Evergy to a “hold” rating in a report on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.