Evergy, Inc. (NYSE:EVRG) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its position in Evergy, Inc. (NYSE:EVRG) by 7.2% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,236,343 shares of the company’s stock after acquiring an additional 83,035 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Evergy were worth $65,491,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted 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 worth $1,657,253,000 after buying an additional 288,913 shares in the last quarter. Point72 Asset Management L.P. raised its stake in shares of 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 purchasing an additional 3,294,967 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of 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 purchasing an additional 552,455 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its stake in shares of 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 purchasing an additional 134,236 shares in the last quarter. Finally, Zimmer Partners LP raised its stake in shares of Evergy by 781.4% in the 1st quarter. Zimmer Partners LP now owns 2,326,385 shares of the company’s stock valued at $124,182,000 after purchasing an additional 2,062,434 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analyst Upgrades and Downgrades

EVRG has been the topic of a number of recent analyst reports. Jefferies Financial Group initiated coverage on shares of Evergy in a research note on Thursday, September 19th. They issued a “buy” rating and a $70.00 target price on the stock. Barclays upped their target price on shares of Evergy from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. Finally, UBS Group upgraded shares of Evergy to a “hold” rating in a research note on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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 on Tuesday, August 13th. The stock was 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 accessible through the SEC website. In other news, SVP Charles A. Caisley sold 9,236 shares of the stock in a transaction on Tuesday, September 3rd. The stock was 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann D. Murtlow sold 3,301 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total value of $194,263.85. Following the sale, the director now owns 2,847 shares of the company’s stock, valued at approximately $167,545.95. The disclosure for this sale can be found here. Insiders sold 15,884 shares of company stock valued at $941,810 in the last three months. 0.47% of the stock is currently owned by corporate insiders.

Evergy Stock Up 0.7 %

Shares of Evergy stock opened at $61.94 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 business’s 50 day simple moving average is $59.32 and its 200-day simple moving average is $55.26. The stock has a market capitalization of $14.24 billion, a price-to-earnings ratio of 20.05, a PEG ratio of 2.76 and a beta of 0.62. Evergy, Inc. has a twelve month low of $46.92 and a twelve month high of $62.58.

Evergy (NYSE:EVRG) last issued its quarterly earnings data on Friday, August 9th. The company reported $0.90 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the company posted $0.81 EPS. Equities research analysts forecast that Evergy, Inc. will post 3.84 earnings per share for the current 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 issued a $0.6425 dividend. This represents a $2.57 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date was Tuesday, August 20th. Evergy’s dividend payout ratio (DPR) is 83.17%.

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.