Synovus Financial Corp Sells 2,891 Shares of Evergy, Inc. (NYSE:EVRG)

Synovus Financial Corp lessened its stake in shares of Evergy, Inc. (NYSE:EVRGGet Rating) by 33.8% during the second quarter, Holdings Channel.com reports. The firm owned 5,650 shares of the company’s stock after selling 2,891 shares during the period. Synovus Financial Corp’s holdings in Evergy were worth $369,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Mutual of America Capital Management LLC lifted its position in Evergy by 3.1% in the 2nd quarter. Mutual of America Capital Management LLC now owns 92,746 shares of the company’s stock valued at $6,052,000 after acquiring an additional 2,755 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Evergy by 5.8% during the second quarter. Mackenzie Financial Corp now owns 38,151 shares of the company’s stock valued at $2,489,000 after buying an additional 2,091 shares during the last quarter. Eagle Asset Management Inc. boosted its position in shares of Evergy by 2.2% during the second quarter. Eagle Asset Management Inc. now owns 194,867 shares of the company’s stock valued at $12,715,000 after buying an additional 4,270 shares during the last quarter. Cerity Partners LLC bought a new stake in Evergy during the second quarter worth $206,000. Finally, WINTON GROUP Ltd raised its position in Evergy by 10.3% in the 2nd quarter. WINTON GROUP Ltd now owns 108,239 shares of the company’s stock valued at $7,063,000 after buying an additional 10,111 shares during the last quarter. 84.37% of the stock is currently owned by institutional investors and hedge funds.

Evergy Stock Up 0.8 %

Evergy stock opened at $58.65 on Monday. The firm has a 50 day moving average price of $61.18 and a 200-day moving average price of $65.08. The company has a quick ratio of 0.35, a current ratio of 0.52 and a debt-to-equity ratio of 0.96. Evergy, Inc. has a twelve month low of $54.12 and a twelve month high of $73.13. The company has a market capitalization of $13.46 billion, a P/E ratio of 16.95, a P/E/G ratio of 3.12 and a beta of 0.53.

Evergy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 20th. Shareholders of record on Friday, November 18th will be given a dividend of $0.6125 per share. This represents a $2.45 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date is Thursday, November 17th. This is a positive change from Evergy’s previous quarterly dividend of $0.57. Evergy’s dividend payout ratio (DPR) is currently 70.81%.

Analysts Set New Price Targets

EVRG has been the subject of several recent analyst reports. Guggenheim lowered their target price on shares of Evergy from $77.00 to $64.00 in a report on Monday, October 24th. Bank of America decreased their price objective on shares of Evergy from $74.00 to $68.00 in a research note on Wednesday, September 28th. Wells Fargo & Company cut their target price on Evergy from $72.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 19th. Seaport Res Ptn reaffirmed a “buy” rating on shares of Evergy in a research report on Monday, October 24th. Finally, Credit Suisse Group cut their price objective on Evergy from $68.00 to $61.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 12th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $66.33.

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.

Featured Stories

Want to see what other hedge funds are holding EVRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Evergy, Inc. (NYSE:EVRGGet Rating).

Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

Receive News & Ratings for Evergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evergy and related companies with MarketBeat.com's FREE daily email newsletter.