First Manhattan Co. Buys 216 Shares of Evergy, Inc. (NYSE:EVRG)

First Manhattan Co. grew its stake in Evergy, Inc. (NYSE:EVRGGet Rating) by 0.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 202,302 shares of the company’s stock after acquiring an additional 216 shares during the period. First Manhattan Co. owned 0.09% of Evergy worth $13,825,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Bridgewater Associates LP bought a new stake in shares of Evergy during the fourth quarter worth approximately $858,000. SouthState Corp bought a new stake in shares of Evergy during the first quarter worth approximately $103,000. Mutual of America Capital Management LLC raised its stake in shares of Evergy by 2.2% during the first quarter. Mutual of America Capital Management LLC now owns 89,991 shares of the company’s stock worth $6,150,000 after buying an additional 1,930 shares during the last quarter. Profund Advisors LLC grew its holdings in Evergy by 8.1% during the first quarter. Profund Advisors LLC now owns 10,672 shares of the company’s stock valued at $729,000 after purchasing an additional 801 shares during the period. Finally, Private Capital Group LLC grew its holdings in Evergy by 26.5% during the first quarter. Private Capital Group LLC now owns 870 shares of the company’s stock valued at $60,000 after purchasing an additional 182 shares during the period. 84.37% of the stock is owned by institutional investors.

Evergy Stock Up 1.0 %

Evergy stock opened at $70.82 on Tuesday. The stock has a market capitalization of $16.25 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 3.86 and a beta of 0.48. Evergy, Inc. has a twelve month low of $59.34 and a twelve month high of $73.13. The company has a quick ratio of 0.33, a current ratio of 0.50 and a debt-to-equity ratio of 0.99. The company has a 50 day moving average of $67.87 and a 200-day moving average of $67.27.

Evergy (NYSE:EVRGGet Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.02. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Evergy had a net margin of 15.16% and a return on equity of 8.89%. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 earnings per share. On average, equities research analysts anticipate that Evergy, Inc. will post 3.55 EPS for the current fiscal year.

Evergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 20th. Stockholders of record on Friday, August 19th will be issued a $0.5725 dividend. This represents a $2.29 annualized dividend and a dividend yield of 3.23%. The ex-dividend date is Thursday, August 18th. Evergy’s dividend payout ratio (DPR) is presently 64.51%.

Wall Street Analysts Forecast Growth

Separately, UBS Group cut shares of Evergy from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $78.00 to $70.00 in a report on Thursday, June 30th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Evergy presently has a consensus rating of “Hold” and a consensus price target of $71.33.

About Evergy

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Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Kansas and Missouri, the United States. It generates electricity through coal, hydroelectric, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources.

See Also

Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

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