Evergy, Inc. (NYSE:EVRG) Position Lessened by IFM Investors Pty Ltd

IFM Investors Pty Ltd reduced its stake in shares of Evergy, Inc. (NYSE:EVRG) by 7.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,751 shares of the company’s stock after selling 4,685 shares during the quarter. IFM Investors Pty Ltd’s holdings in Evergy were worth $3,705,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in EVRG. Manning & Napier Advisors LLC bought a new position in shares of Evergy during the second quarter worth about $112,464,000. Zimmer Partners LP grew its position in Evergy by 781.4% in the 1st quarter. Zimmer Partners LP now owns 2,326,385 shares of the company’s stock worth $124,182,000 after purchasing an additional 2,062,434 shares during the last quarter. Millennium Management LLC increased its stake in shares of Evergy by 38.6% in the second 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 period. Los Angeles Capital Management LLC bought a new stake in shares of Evergy during the second quarter valued at approximately $50,044,000. Finally, AQR Capital Management LLC boosted its position in shares of Evergy by 147.8% during the second quarter. AQR Capital Management LLC now owns 1,193,382 shares of the company’s stock worth $63,213,000 after buying an additional 711,785 shares during the period. 87.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Ann D. Murtlow sold 3,301 shares of Evergy stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $58.85, for a total value of $194,263.85. Following the transaction, the director now owns 2,847 shares of the company’s stock, valued at approximately $167,545.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Evergy news, SVP Heather A. Humphrey sold 3,347 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total transaction of $196,803.60. Following the completion of the sale, the senior vice president now directly owns 35,314 shares in the company, valued at approximately $2,076,463.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ann D. Murtlow sold 3,301 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 2,847 shares in the company, valued at $167,545.95. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 15,884 shares of company stock valued at $941,810 over the last three months. Insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

EVRG has been the topic of several analyst reports. Barclays lowered their target price on Evergy from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. UBS Group upgraded shares of Evergy to a “hold” rating in a research note on Wednesday, September 18th. Jefferies Financial Group initiated coverage on shares of Evergy in a research report on Thursday, September 19th. They issued a “buy” rating and a $70.00 target price for the company. Finally, Wells Fargo & Company boosted their price target on shares of Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.14.

Evergy Price Performance

Shares of Evergy stock opened at $60.77 on Friday. Evergy, Inc. has a 52 week low of $47.97 and a 52 week high of $62.58. The company has a current ratio of 0.59, a quick ratio of 0.35 and a debt-to-equity ratio of 1.23. The stock has a market cap of $13.97 billion, a PE ratio of 18.93, a price-to-earnings-growth ratio of 2.74 and a beta of 0.62. The company’s 50-day moving average price is $60.38 and its two-hundred day moving average price is $56.47.

Evergy (NYSE:EVRG) last released its earnings results on Friday, August 9th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. Evergy had a net margin of 13.12% and a return on equity of 8.50%. During the same period in the previous year, the firm earned $0.81 EPS. As a group, sell-side analysts anticipate that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Tuesday, August 20th were issued a $0.6425 dividend. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend was Tuesday, August 20th. Evergy’s payout ratio is 80.06%.

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.