Amalgamated Bank Sells 4,073 Shares of Evergy, Inc. (NYSE:EVRG)

Amalgamated Bank lessened its holdings in shares of Evergy, Inc. (NYSE:EVRGGet Rating) by 6.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,475 shares of the company’s stock after selling 4,073 shares during the period. Amalgamated Bank’s holdings in Evergy were worth $3,928,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Evergy by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 29,339,970 shares of the company’s stock valued at $2,005,093,000 after buying an additional 509,404 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Evergy by 7.5% during the 4th quarter. BlackRock Inc. now owns 17,176,489 shares of the company’s stock valued at $1,178,481,000 after buying an additional 1,192,407 shares in the last quarter. State Street Corp boosted its holdings in shares of Evergy by 10.8% during the 1st quarter. State Street Corp now owns 13,874,020 shares of the company’s stock valued at $948,151,000 after buying an additional 1,356,321 shares in the last quarter. Capital International Investors boosted its holdings in shares of Evergy by 40.7% during the 1st quarter. Capital International Investors now owns 13,048,060 shares of the company’s stock valued at $891,704,000 after buying an additional 3,777,012 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Evergy by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 4,311,435 shares of the company’s stock valued at $295,057,000 after buying an additional 111,295 shares in the last quarter. Institutional investors own 84.37% of the company’s stock.

Evergy Stock Performance

Shares of Evergy stock opened at $65.95 on Thursday. The stock has a market cap of $15.14 billion, a price-to-earnings ratio of 18.58, a PEG ratio of 3.61 and a beta of 0.48. The firm’s 50-day moving average is $68.30 and its 200 day moving average is $67.46. Evergy, Inc. has a 1 year low of $59.34 and a 1 year high of $73.13. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.50 and a quick ratio of 0.33.

Evergy (NYSE:EVRGGet Rating) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The company had revenue of $1.45 billion for 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%. Evergy’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.85 EPS. Sell-side analysts anticipate that Evergy, Inc. will post 3.58 EPS for the current fiscal year.

Evergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 20th. Shareholders of record on Friday, August 19th were paid a dividend of $0.5725 per share. This represents a $2.29 annualized dividend and a yield of 3.47%. The ex-dividend date was Thursday, August 18th. Evergy’s dividend payout ratio is currently 64.51%.

Wall Street Analyst Weigh In

Separately, UBS Group cut shares of Evergy from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $78.00 to $70.00 in a research note on Thursday, June 30th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Evergy has an average rating of “Hold” and a consensus price target of $72.60.

Evergy Company Profile

(Get Rating)

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

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Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

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