Mutual of America Capital Management LLC Acquires 9,178 Shares of Evergy, Inc. (NYSE:EVRG)

Mutual of America Capital Management LLC lifted its holdings in shares of Evergy, Inc. (NYSE:EVRG) by 7.8% in the third quarter, according to its most recent filing with the SEC. The firm owned 126,648 shares of the company’s stock after acquiring an additional 9,178 shares during the period. Mutual of America Capital Management LLC owned approximately 0.06% of Evergy worth $7,853,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EVRG. Blair William & Co. IL lifted its holdings in shares of Evergy by 4.4% during the 1st quarter. Blair William & Co. IL now owns 10,571 shares of the company’s stock worth $564,000 after acquiring an additional 443 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Evergy by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 31,046,328 shares of the company’s stock worth $1,657,253,000 after acquiring an additional 288,913 shares during the period. Acadian Asset Management LLC lifted its holdings in Evergy by 4,661.9% during the 1st quarter. Acadian Asset Management LLC now owns 12,381 shares of the company’s stock valued at $659,000 after purchasing an additional 12,121 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in Evergy during the 1st quarter valued at about $290,000. Finally, UniSuper Management Pty Ltd lifted its holdings in Evergy by 606.2% during the 1st quarter. UniSuper Management Pty Ltd now owns 20,403 shares of the company’s stock valued at $1,089,000 after purchasing an additional 17,514 shares during the last quarter. 87.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Evergy news, SVP Charles A. Caisley sold 9,236 shares of the company’s stock in a transaction that occurred on 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 sale, the senior vice president now owns 33,425 shares of the company’s stock, valued at approximately $1,993,132.75. This represents a 21.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kevin E. Bryant sold 48,141 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 60,724 shares of company stock valued at $3,777,059 over the last ninety days. Insiders own 0.47% of the company’s stock.

Evergy Price Performance

Shares of EVRG stock opened at $63.87 on Tuesday. Evergy, Inc. has a 1 year low of $48.04 and a 1 year high of $64.14. The firm’s 50 day moving average is $61.20 and its 200-day moving average is $57.63. The firm has a market capitalization of $14.69 billion, a price-to-earnings ratio of 17.26, a PEG ratio of 2.84 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 announced its earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.07. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the prior year, the business earned $1.88 earnings per share. Evergy’s quarterly revenue was up 8.5% on a year-over-year basis. Sell-side analysts forecast that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 21st will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.18%. This is an increase from Evergy’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Thursday, November 21st. Evergy’s payout ratio is 72.16%.

Wall Street Analysts Forecast Growth

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

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.