Midwest Professional Planners LTD. purchased a new position in Evergy, Inc. (NYSE:EVRG) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 5,577 shares of the company’s stock, valued at approximately $337,000.
Several other large investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Evergy by 1,070.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 4,658,998 shares of the company’s stock worth $277,350,000 after purchasing an additional 4,260,869 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Evergy by 73.0% in the 1st quarter. Franklin Resources Inc. now owns 5,816,054 shares of the company’s stock worth $346,229,000 after purchasing an additional 2,454,681 shares in the last quarter. Brookfield Asset Management Inc. bought a new stake in shares of Evergy in the 1st quarter worth approximately $127,216,000. Credit Suisse AG raised its holdings in shares of Evergy by 633.6% in the 1st quarter. Credit Suisse AG now owns 2,226,653 shares of the company’s stock worth $132,553,000 after purchasing an additional 1,923,125 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC bought a new stake in shares of Evergy in the 1st quarter worth approximately $73,707,000. 85.80% of the stock is owned by institutional investors.
Evergy stock traded down $0.91 during trading hours on Wednesday, hitting $64.85. The company had a trading volume of 11,059 shares, compared to its average volume of 1,437,342. The firm has a market capitalization of $14.87 billion, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 3.42 and a beta of 0.38. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.64 and a quick ratio of 0.44. The firm’s fifty day moving average is $66.37 and its 200-day moving average is $63.05. Evergy, Inc. has a fifty-two week low of $48.61 and a fifty-two week high of $69.45.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 20th. Shareholders of record on Friday, August 20th will be given a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend is Thursday, August 19th. Evergy’s dividend payout ratio is 69.03%.
A number of analysts recently commented on EVRG shares. Bank of America downgraded shares of Evergy from a “buy” rating to a “neutral” rating and set a $65.00 target price on the stock. in a report on Wednesday. Seaport Global Securities initiated coverage on shares of Evergy in a report on Wednesday, July 7th. They set a “buy” rating and a $68.00 price target on the stock. Seaport Res Ptn restated a “buy” rating on shares of Evergy in a report on Wednesday, July 7th. The Goldman Sachs Group upgraded shares of Evergy from a “neutral” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Tuesday, June 15th. Finally, Wells Fargo & Company lowered shares of Evergy from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $70.00 to $68.00 in a report on Tuesday, June 22nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Evergy presently has an average rating of “Buy” and a consensus target price of $67.67.
Evergy, Inc is a holding company, which engages in the provision of electricity through its subsidiaries. It focuses on the regulation of electric utilities and development of electric transmission projects. The company was founded in 2017 and is headquartered in Kansas City, MO.
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