Toronto Dominion Bank Sells 57,523 Shares of Evergy, Inc. (NYSE:EVRG)

Toronto Dominion Bank cut its stake in Evergy, Inc. (NYSE:EVRG) by 44.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 71,537 shares of the company’s stock after selling 57,523 shares during the period. Toronto Dominion Bank’s holdings in Evergy were worth $3,819,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in EVRG. Vanguard Group Inc. boosted its position in shares of Evergy by 0.9% during the first quarter. Vanguard Group Inc. now owns 31,046,328 shares of the company’s stock worth $1,657,253,000 after buying an additional 288,913 shares during the period. Point72 Asset Management L.P. lifted its stake in Evergy by 1,038.7% in the 4th quarter. Point72 Asset Management L.P. now owns 3,612,200 shares of the company’s stock valued at $188,557,000 after acquiring an additional 3,294,967 shares in the last quarter. Federated Hermes Inc. lifted its stake in Evergy by 41.3% in the 4th quarter. Federated Hermes Inc. now owns 2,942,415 shares of the company’s stock valued at $153,594,000 after acquiring an additional 860,433 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in Evergy by 5.3% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,686,541 shares of the company’s stock worth $141,787,000 after acquiring an additional 134,236 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Evergy by 1.5% during the 4th quarter. First Trust Advisors LP now owns 2,095,851 shares of the company’s stock worth $109,403,000 after acquiring an additional 30,118 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. LADENBURG THALM/SH SH assumed coverage on shares of Evergy in a research report on Thursday, April 4th. They issued a “neutral” rating and a $51.00 price objective on the stock. Barclays increased their price objective on shares of Evergy from $56.00 to $61.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 14th. Finally, Wells Fargo & Company upped their target price on Evergy from $57.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Evergy currently has an average rating of “Moderate Buy” and a consensus price target of $57.83.

Evergy Price Performance

NYSE:EVRG opened at $56.75 on Friday. Evergy, Inc. has a 1-year low of $46.92 and a 1-year high of $61.15. The company has a current ratio of 0.57, a quick ratio of 0.32 and a debt-to-equity ratio of 1.21. The firm has a fifty day simple moving average of $53.81 and a 200 day simple moving average of $52.42. The stock has a market capitalization of $13.05 billion, a PE ratio of 18.37, a P/E/G ratio of 2.95 and a beta of 0.60.

Evergy (NYSE:EVRG) last released its earnings results on Thursday, May 9th. The company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.07). Evergy had a net margin of 12.84% and a return on equity of 8.32%. The firm had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the prior year, the business posted $0.59 earnings per share. Evergy’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, research analysts expect that Evergy, Inc. will post 3.85 EPS for the current fiscal year.

Evergy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Investors of record on Monday, May 20th were paid a $0.6425 dividend. The ex-dividend date was Friday, May 17th. This represents a $2.57 annualized dividend and a dividend yield of 4.53%. Evergy’s dividend payout ratio is presently 83.17%.

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.