Natixis Advisors LLC Has $5.32 Million Stock Holdings in Evergy, Inc. (NYSE:EVRG)

Natixis Advisors LLC raised its stake in Evergy, Inc. (NYSE:EVRG) by 1.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,855 shares of the company’s stock after acquiring an additional 939 shares during the period. Natixis Advisors LLC’s holdings in Evergy were worth $5,324,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC increased its stake in shares of 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 purchasing an additional 2,502,493 shares during the last quarter. Manning & Napier Advisors LLC bought a new position in shares of Evergy in the 2nd quarter valued at $112,464,000. Zimmer Partners LP increased its stake in shares of Evergy by 781.4% in the 1st quarter. Zimmer Partners LP now owns 2,326,385 shares of the company’s stock valued at $124,182,000 after purchasing an additional 2,062,434 shares during the last quarter. Mizuho Securities USA LLC increased its stake in shares of 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 purchasing an additional 1,282,275 shares during the last quarter. Finally, Millennium Management LLC increased its stake in shares of Evergy by 38.6% in the 2nd quarter. Millennium Management LLC now owns 3,683,000 shares of the company’s stock valued at $195,089,000 after purchasing an additional 1,026,374 shares during the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EVRG has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price target on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Mizuho initiated coverage on Evergy in a research note on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price target on the stock. Barclays decreased their price target on Evergy from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Jefferies Financial Group initiated coverage on Evergy in a research report on Thursday, September 19th. They set a “buy” rating and a $70.00 price objective on the stock. Finally, UBS Group upgraded Evergy to a “hold” rating in a research report on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Evergy has a consensus rating of “Moderate Buy” and a consensus price target of $61.88.

Evergy Trading Down 0.5 %

NYSE EVRG opened at $64.26 on Friday. The business’s 50-day moving average price is $61.44 and its two-hundred day moving average price is $57.79. Evergy, Inc. has a 12 month low of $48.04 and a 12 month high of $64.95. The firm has a market capitalization of $14.78 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 2.85 and a beta of 0.62. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.

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

Evergy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 21st will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date is Thursday, November 21st. This is a positive change from Evergy’s previous quarterly dividend of $0.64. Evergy’s payout ratio is 72.16%.

Insider Buying and Selling at Evergy

In other news, EVP Kevin E. Bryant sold 48,141 shares of the business’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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Charles A. Caisley sold 9,236 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total value of $550,742.68. Following the completion of the transaction, the senior vice president now directly owns 33,425 shares in the company, valued at $1,993,132.75. This represents a 21.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 60,724 shares of company stock worth $3,777,059. Insiders own 0.47% of the company’s stock.

Evergy 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.