Evergy, Inc. (NYSE:EVRG) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its position in Evergy, Inc. (NYSE:EVRG) by 8.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,862 shares of the company’s stock after acquiring an additional 6,015 shares during the period. Nisa Investment Advisors LLC’s holdings in Evergy were worth $4,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in EVRG. Vanguard Group Inc. grew its position in Evergy by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 31,046,328 shares of the company’s stock worth $1,657,253,000 after purchasing an additional 288,913 shares during the period. Point72 Asset Management L.P. grew its position in Evergy by 1,038.7% during the 4th quarter. Point72 Asset Management L.P. now owns 3,612,200 shares of the company’s stock worth $188,557,000 after purchasing an additional 3,294,967 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its position in Evergy by 5.3% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,686,541 shares of the company’s stock worth $141,787,000 after purchasing an additional 134,236 shares during the period. Zimmer Partners LP grew its position in shares of Evergy by 781.4% during the 1st quarter. Zimmer Partners LP now owns 2,326,385 shares of the company’s stock valued at $124,182,000 after acquiring an additional 2,062,434 shares during the period. Finally, Manning & Napier Advisors LLC acquired a new stake in shares of Evergy during the 2nd quarter valued at about $112,464,000. 87.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Evergy

In related news, Director Ann D. Murtlow sold 3,301 shares of the business’s 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 completion of the sale, the director now directly owns 2,847 shares of the company’s stock, valued at $167,545.95. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.47% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on EVRG shares. Barclays raised their target price on Evergy from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. Wells Fargo & Company raised 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. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Evergy has a consensus rating of “Moderate Buy” and an average price target of $58.33.

Evergy Price Performance

Evergy stock opened at $57.85 on Wednesday. The stock has a market cap of $13.30 billion, a P/E ratio of 18.72, a price-to-earnings-growth ratio of 3.11 and a beta of 0.60. The company has a fifty day simple moving average of $55.45 and a 200-day simple moving average of $53.31. Evergy, Inc. has a 12-month low of $46.92 and a 12-month high of $61.14. The company has a current ratio of 0.57, a quick ratio of 0.32 and a debt-to-equity ratio of 1.21.

Evergy (NYSE:EVRG) last released its quarterly earnings data on Friday, August 9th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.01. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Evergy had a net margin of 12.84% and a return on equity of 8.32%. During the same period in the previous year, the company earned $0.81 EPS. Equities analysts expect that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, August 20th will be given a dividend of $0.6425 per share. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $2.57 annualized dividend and a dividend yield of 4.44%. Evergy’s dividend payout ratio (DPR) is currently 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.