Nisa Investment Advisors LLC Trims Holdings in Evergy, Inc. (NYSE:EVRG)

Posted by on Apr 24th, 2023

Nisa Investment Advisors LLC trimmed its position in Evergy, Inc. (NYSE:EVRG – Get Rating) by 3.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,225 shares of the company’s stock after selling 2,037 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Evergy were worth $3,916,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Miller Howard Investments Inc. NY increased its holdings in Evergy by 0.4% in the 4th quarter. Miller Howard Investments Inc. NY now owns 78,999 shares of the company’s stock worth $4,971,000 after acquiring an additional 310 shares in the last quarter. Bank of Montreal Can grew its holdings in Evergy by 61.8% during the 4th quarter. Bank of Montreal Can now owns 139,796 shares of the company’s stock valued at $8,881,000 after buying an additional 53,383 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Evergy by 21.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,621 shares of the company’s stock valued at $2,682,000 after buying an additional 7,635 shares in the last quarter. CWM LLC grew its holdings in Evergy by 7.0% during the 4th quarter. CWM LLC now owns 389,956 shares of the company’s stock valued at $24,540,000 after buying an additional 25,479 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Evergy by 6.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 11,791 shares of the company’s stock valued at $742,000 after buying an additional 704 shares in the last quarter. 83.84% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, COO Kevin E. Bryant sold 22,500 shares of the firm’s stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $59.81, for a total value of $1,345,725.00. Following the completion of the sale, the chief operating officer now directly owns 32,993 shares in the company, valued at $1,973,311.33. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.47% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on EVRG shares. TheStreet lowered shares of Evergy from a “b” rating to a “c+” rating in a report on Thursday, February 23rd. Bank of America increased their price objective on shares of Evergy from $55.00 to $59.00 and gave the company an “underperform” rating in a report on Friday, April 14th. Finally, Wells Fargo & Company cut their price objective on shares of Evergy from $69.00 to $66.00 and set an “equal weight” rating for the company in a report on Monday, January 30th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $62.20.

Evergy Trading Up 0.4 %

EVRG stock opened at $63.02 on Monday. The firm has a fifty day moving average price of $60.53 and a 200 day moving average price of $60.67. Evergy, Inc. has a fifty-two week low of $54.12 and a fifty-two week high of $72.11. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.33 and a current ratio of 0.53. The firm has a market cap of $14.47 billion, a PE ratio of 16.81, a price-to-earnings-growth ratio of 3.34 and a beta of 0.50.

Evergy (NYSE:EVRG – Get Rating) last posted its earnings results on Friday, February 24th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.08. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $956.63 million. Evergy had a net margin of 12.85% and a return on equity of 9.17%. Evergy’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same period last year, the firm posted $0.16 earnings per share. Sell-side analysts anticipate that Evergy, Inc. will post 3.63 earnings per share for the current fiscal year.

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 22nd. Investors of record on Thursday, March 9th were given a $0.6125 dividend. The ex-dividend date of this dividend was Wednesday, March 8th. This represents a $2.45 dividend on an annualized basis and a yield of 3.89%. Evergy’s dividend payout ratio is presently 75.15%.

About Evergy

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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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Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

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