Evergy, Inc. (NYSE:EVRG) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its position in Evergy, Inc. (NYSE:EVRG) by 82.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,559 shares of the company’s stock after selling 48,766 shares during the period. Teacher Retirement System of Texas’ holdings in Evergy were worth $551,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Manning & Napier Group LLC lifted its position in shares of Evergy by 76.6% during the 4th quarter. Manning & Napier Group LLC now owns 2,183,788 shares of the company’s stock valued at $113,994,000 after buying an additional 947,196 shares in the last quarter. Federated Hermes Inc. grew its position in shares of Evergy by 41.3% in the fourth quarter. Federated Hermes Inc. now owns 2,942,415 shares of the company’s stock valued at $153,594,000 after purchasing an additional 860,433 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Evergy by 47.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,516,817 shares of the company’s stock worth $79,178,000 after purchasing an additional 487,322 shares in the last quarter. Qube Research & Technologies Ltd raised its position in shares of Evergy by 753.3% during the 3rd quarter. Qube Research & Technologies Ltd now owns 434,303 shares of the company’s stock worth $22,019,000 after purchasing an additional 383,407 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in Evergy by 11.6% in the 3rd quarter. American Century Companies Inc. now owns 2,670,913 shares of the company’s stock valued at $135,415,000 after buying an additional 277,892 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Analyst Upgrades and Downgrades

EVRG has been the subject of a number of research analyst reports. Citigroup began coverage on Evergy in a report on Tuesday, March 26th. They set a “buy” rating and a $64.00 target price for the company. Bank of America raised Evergy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $51.00 to $57.00 in a research note on Wednesday, March 13th. Wells Fargo & Company lifted their target price on shares of Evergy from $57.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, May 10th. Barclays raised their price target on shares of Evergy from $56.00 to $61.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 14th. Finally, LADENBURG THALM/SH SH initiated coverage on shares of Evergy in a research note on Thursday, April 4th. They set a “neutral” rating and a $51.00 price objective for the company. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $57.83.

Evergy Price Performance

Evergy stock opened at $53.43 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.32 and a debt-to-equity ratio of 1.21. The company has a 50-day moving average price of $52.98 and a 200 day moving average price of $51.71. Evergy, Inc. has a 12-month low of $46.92 and a 12-month high of $61.84. The stock has a market cap of $12.29 billion, a P/E ratio of 17.29, a PEG ratio of 2.78 and a beta of 0.57.

Evergy (NYSE:EVRG) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.07). Evergy had a return on equity of 8.32% and a net margin of 12.84%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.35 billion. During the same quarter in the prior year, the business earned $0.59 EPS. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. Sell-side analysts anticipate that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, May 20th will be paid a $0.6425 dividend. This represents a $2.57 annualized dividend and a dividend yield of 4.81%. The ex-dividend date is Friday, May 17th. Evergy’s dividend payout ratio (DPR) is presently 83.17%.

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.