Vaughan Nelson Investment Management L.P. trimmed its position in shares of Evergy, Inc. (NYSE:EVRG) by 18.9% in the 3rd quarter, Holdings Channel reports. The firm owned 393,947 shares of the company’s stock after selling 91,688 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Evergy were worth $20,020,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC grew its position in Evergy by 11.1% during the 2nd quarter. FMR LLC now owns 7,756,752 shares of the company’s stock valued at $459,897,000 after purchasing an additional 773,429 shares during the last quarter. Morgan Stanley lifted its holdings in Evergy by 27.0% during the first quarter. Morgan Stanley now owns 2,561,919 shares of the company’s stock worth $141,034,000 after acquiring an additional 544,438 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in Evergy by 419.6% in the third quarter. BNP Paribas Arbitrage SA now owns 2,480,634 shares of the company’s stock valued at $126,066,000 after acquiring an additional 2,003,225 shares during the period. Assenagon Asset Management S.A. increased its stake in Evergy by 6,716.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,974,025 shares of the company’s stock worth $117,040,000 after purchasing an additional 1,945,067 shares in the last quarter. Finally, LSV Asset Management raised its holdings in Evergy by 198.8% during the 3rd quarter. LSV Asset Management now owns 1,761,400 shares of the company’s stock worth $89,514,000 after buying an additional 1,171,825 shares during the period. Institutional investors and hedge funds own 81.34% of the company’s stock.
A number of equities research analysts recently commented on the stock. Wolfe Research lowered shares of Evergy from an “outperform” rating to a “peer perform” rating and set a $65.00 price objective on the stock. in a report on Monday, August 3rd. The Goldman Sachs Group reissued a “neutral” rating and issued a $58.00 price target on shares of Evergy in a research note on Tuesday, September 1st. Finally, Wells Fargo & Company raised shares of Evergy from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $58.00 to $60.00 in a research note on Thursday, October 15th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $66.90.
Shares of EVRG stock opened at $57.63 on Tuesday. The company has a fifty day moving average price of $54.55 and a two-hundred day moving average price of $56.86. Evergy, Inc. has a one year low of $42.01 and a one year high of $76.57. The stock has a market cap of $13.07 billion, a P/E ratio of 20.73, a P/E/G ratio of 2.97 and a beta of 0.38. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.86 and a quick ratio of 0.61.
Evergy (NYSE:EVRG) last issued its earnings results on Thursday, November 5th. The company reported $1.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.16. Evergy had a net margin of 12.64% and a return on equity of 8.09%. During the same period in the previous year, the business posted $1.57 EPS. As a group, equities research analysts anticipate that Evergy, Inc. will post 3 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Friday, November 20th will be given a $0.535 dividend. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.71%. This is a boost from Evergy’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Thursday, November 19th. Evergy’s dividend payout ratio (DPR) is presently 69.90%.
In related news, SVP Charles A. Caisley sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of $57.94, for a total transaction of $57,940.00. Company insiders own 0.50% of the company’s stock.
Evergy, Inc, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Kansas and Missouri. It generates electricity through coal, nuclear, natural gas and oil, uranium, wind, hydroelectric, landfill gas, and solar energy sources, as well as other renewable sources.
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