Teacher Retirement System of Texas lifted its position in Evergy, Inc. (NYSE:EVRG) by 4.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 140,335 shares of the company’s stock after acquiring an additional 5,407 shares during the period. Teacher Retirement System of Texas’ holdings in Evergy were worth $8,729,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of EVRG. JPMorgan Chase & Co. increased its position in Evergy by 256.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,450,929 shares of the company’s stock valued at $208,538,000 after buying an additional 2,482,801 shares in the last quarter. Credit Suisse AG increased its position in Evergy by 102.9% during the 2nd quarter. Credit Suisse AG now owns 4,518,381 shares of the company’s stock valued at $273,994,000 after buying an additional 2,291,728 shares in the last quarter. Millennium Management LLC increased its position in Evergy by 99.3% during the 2nd quarter. Millennium Management LLC now owns 2,802,087 shares of the company’s stock valued at $169,330,000 after buying an additional 1,395,934 shares in the last quarter. Prudential Financial Inc. increased its position in Evergy by 418.8% during the 2nd quarter. Prudential Financial Inc. now owns 1,573,321 shares of the company’s stock valued at $95,075,000 after buying an additional 1,270,071 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Evergy by 3.9% during the 2nd quarter. Vanguard Group Inc. now owns 28,183,390 shares of the company’s stock valued at $1,703,122,000 after buying an additional 1,051,807 shares in the last quarter. 86.26% of the stock is owned by institutional investors.
A number of research analysts recently weighed in on EVRG shares. Wells Fargo & Company reduced their price objective on Evergy from $72.00 to $68.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 22nd. Evercore ISI reissued a “buy” rating and issued a $70.00 target price on shares of Evergy in a report on Wednesday, September 22nd. Finally, The Goldman Sachs Group lowered Evergy from a “buy” rating to a “neutral” rating and set a $72.00 target price for the company. in a report on Thursday. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $68.00.
Evergy stock opened at $65.84 on Friday. The firm has a market cap of $15.10 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 3.10 and a beta of 0.45. The stock has a fifty day simple moving average of $66.29 and a two-hundred day simple moving average of $65.36. Evergy, Inc. has a 12 month low of $51.92 and a 12 month high of $69.45. The company has a current ratio of 0.67, a quick ratio of 0.47 and a debt-to-equity ratio of 1.00.
Evergy (NYSE:EVRG) last posted its earnings results on Wednesday, November 3rd. The company reported $1.98 EPS for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.21. The business had revenue of $1.62 billion during the quarter, compared to analyst estimates of $1.58 billion. Evergy had a return on equity of 9.37% and a net margin of 15.78%. During the same quarter last year, the company earned $1.73 EPS. On average, equities research analysts forecast that Evergy, Inc. will post 3.53 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, December 20th. Stockholders of record on Friday, November 19th were paid a $0.5725 dividend. This is an increase from Evergy’s previous quarterly dividend of $0.54. This represents a $2.29 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date was Thursday, November 18th. Evergy’s dividend payout ratio (DPR) is 59.95%.
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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