4,769 Shares in Evergy, Inc. (NYSE:EVRG) Bought by Blueshift Asset Management LLC

Blueshift Asset Management LLC bought a new stake in Evergy, Inc. (NYSE:EVRG) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 4,769 shares of the company’s stock, valued at approximately $296,000.

Other hedge funds have also made changes to their positions in the company. Pathway Financial Advisers LLC grew its stake in Evergy by 6,854.6% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company’s stock valued at $157,443,000 after acquiring an additional 2,502,493 shares during the last quarter. Manning & Napier Advisors LLC purchased a new position in shares of Evergy during the 2nd quarter worth approximately $112,464,000. Mizuho Securities USA LLC lifted its stake in Evergy by 7,234.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 1,300,000 shares of the company’s stock valued at $80,613,000 after buying an additional 1,282,275 shares in the last quarter. FMR LLC grew its holdings in Evergy by 131.4% during the 3rd quarter. FMR LLC now owns 2,004,414 shares of the company’s stock valued at $124,294,000 after buying an additional 1,138,138 shares during the last quarter. Finally, Millennium Management LLC increased its position in Evergy by 38.6% during the second quarter. Millennium Management LLC now owns 3,683,000 shares of the company’s stock worth $195,089,000 after buying an additional 1,026,374 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Insider Activity

In other Evergy news, SVP Charles A. Caisley sold 9,236 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $59.63, for a total value of $550,742.68. Following the transaction, the senior vice president now directly owns 33,425 shares of the company’s stock, valued at $1,993,132.75. This trade represents a 21.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kevin E. Bryant sold 48,141 shares of the company’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $62.93, for a total value of $3,029,513.13. Following the completion of the sale, the executive vice president now directly owns 1 shares of the company’s stock, valued at $62.93. The trade was a 100.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.47% of the company’s stock.

Evergy Trading Up 0.2 %

EVRG stock opened at $65.00 on Friday. Evergy, Inc. has a 52 week low of $48.04 and a 52 week high of $65.47. The company has a market cap of $14.95 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 2.87 and a beta of 0.62. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The business has a fifty day simple moving average of $61.69 and a 200-day simple moving average of $58.09.

Evergy (NYSE:EVRG) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.07. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $2.35 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.88 EPS. On average, equities research analysts expect that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, November 21st will be given a $0.6675 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.67 annualized dividend and a dividend yield of 4.11%. This is a positive change from Evergy’s previous quarterly dividend of $0.64. Evergy’s dividend payout ratio is presently 72.16%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EVRG. Mizuho started coverage on Evergy in a research note on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price objective on the stock. Barclays lowered their price target on shares of Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Wells Fargo & Company upped their price objective on shares of Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. UBS Group raised shares of Evergy to a “hold” rating in a research note on Wednesday, September 18th. Finally, Jefferies Financial Group assumed coverage on Evergy in a research note on Thursday, September 19th. They set a “buy” rating and a $70.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.88.

About Evergy

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.