Evergy, Inc. (NYSE:EVRG) Shares Bought by Norinchukin Bank The

Norinchukin Bank The grew its holdings in shares of Evergy, Inc. (NYSE:EVRGGet Rating) by 6.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,541 shares of the company’s stock after purchasing an additional 1,283 shares during the quarter. Norinchukin Bank The’s holdings in Evergy were worth $1,404,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EVRG. Heron Financial Group LLC purchased a new position in shares of Evergy during the 1st quarter worth $201,000. Natixis Advisors L.P. raised its holdings in shares of Evergy by 14.6% during the 1st quarter. Natixis Advisors L.P. now owns 183,363 shares of the company’s stock worth $12,531,000 after acquiring an additional 23,389 shares during the period. Eagle Asset Management Inc. raised its holdings in shares of Evergy by 16.8% during the 1st quarter. Eagle Asset Management Inc. now owns 190,597 shares of the company’s stock worth $13,025,000 after acquiring an additional 27,475 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Evergy by 1.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,198 shares of the company’s stock worth $969,000 after acquiring an additional 179 shares during the period. Finally, Smith Moore & CO. raised its holdings in shares of Evergy by 7.7% during the 1st quarter. Smith Moore & CO. now owns 7,222 shares of the company’s stock worth $494,000 after acquiring an additional 519 shares during the period. Institutional investors and hedge funds own 84.37% of the company’s stock.

Evergy Stock Down 2.0 %

Shares of EVRG opened at $68.37 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.33 and a debt-to-equity ratio of 0.99. The firm has a market cap of $15.69 billion, a P/E ratio of 19.26, a price-to-earnings-growth ratio of 3.86 and a beta of 0.49. The company’s 50-day moving average price is $67.31 and its 200 day moving average price is $66.78. Evergy, Inc. has a 12-month low of $59.34 and a 12-month high of $73.13.

Evergy (NYSE:EVRGGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.23 billion. Evergy had a net margin of 15.16% and a return on equity of 8.89%. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 earnings per share. On average, sell-side analysts forecast that Evergy, Inc. will post 3.55 earnings per share for the current year.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 20th. Shareholders of record on Friday, August 19th will be paid a dividend of $0.5725 per share. The ex-dividend date is Thursday, August 18th. This represents a $2.29 dividend on an annualized basis and a yield of 3.35%. Evergy’s dividend payout ratio (DPR) is presently 64.51%.

Wall Street Analyst Weigh In

Separately, UBS Group lowered shares of Evergy from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $78.00 to $70.00 in a report on Thursday, June 30th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $71.33.

Evergy Profile

(Get Rating)

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Kansas and Missouri, the United States. It generates electricity through coal, hydroelectric, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources.

Further Reading

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Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

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