Mirae Asset Global Investments Co. Ltd. Has $1.92 Million Stock Position in Evergy, Inc. (NYSE:EVRG)

Posted by Defense World Staff on May 28th, 2023

Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Evergy, Inc. (NYSE:EVRG – Get Rating) by 10.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,500 shares of the company’s stock after buying an additional 3,004 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Evergy were worth $1,919,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. State Street Corp boosted its holdings in Evergy by 10.8% during the first quarter. State Street Corp now owns 13,874,020 shares of the company’s stock worth $948,151,000 after purchasing an additional 1,356,321 shares during the last quarter. Gibson Wealth Advisors LLC boosted its holdings in Evergy by 6,200.0% during the fourth quarter. Gibson Wealth Advisors LLC now owns 718,200 shares of the company’s stock worth $43,133,000 after purchasing an additional 706,800 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Evergy by 1.8% during the first quarter. Vanguard Group Inc. now owns 29,339,970 shares of the company’s stock worth $2,005,093,000 after purchasing an additional 509,404 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in Evergy by 1,332.5% during the first quarter. Canada Pension Plan Investment Board now owns 374,061 shares of the company’s stock worth $25,563,000 after purchasing an additional 347,949 shares during the last quarter. Finally, National Pension Service boosted its holdings in Evergy by 1,539.7% during the first quarter. National Pension Service now owns 362,746 shares of the company’s stock worth $24,790,000 after purchasing an additional 340,623 shares during the last quarter. 83.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on EVRG shares. TheStreet cut shares of Evergy from a “b” rating to a “c+” rating in a report on Thursday, February 23rd. Wells Fargo & Company cut their price target on shares of Evergy from $69.00 to $66.00 and set an “equal weight” rating on the stock in a report on Monday, January 30th. Finally, Bank of America lifted their price objective on shares of Evergy from $55.00 to $59.00 and gave the stock an “underperform” rating in a research report on Friday, April 14th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat, Evergy presently has a consensus rating of “Hold” and an average target price of $62.20.

Insider Activity

In other news, Director Sandra Aj Lawrence sold 2,523 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $62.32, for a total value of $157,233.36. Following the sale, the director now owns 480 shares of the company’s stock, valued at $29,913.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Sandra Aj Lawrence sold 2,523 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $62.32, for a total value of $157,233.36. Following the sale, the director now owns 480 shares of the company’s stock, valued at $29,913.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Kevin E. Bryant sold 22,500 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The shares were sold at an average price of $59.81, for a total transaction 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 approximately $1,973,311.33. The disclosure for this sale can be found here. Insiders have sold a total of 26,351 shares of company stock valued at $1,579,544 over the last quarter. Company insiders own 0.47% of the company’s stock.

Evergy Stock Performance

Shares of EVRG stock opened at $57.46 on Friday. The firm has a market cap of $13.20 billion, a price-to-earnings ratio of 17.15, a P/E/G ratio of 3.05 and a beta of 0.50. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.31 and a current ratio of 0.52. Evergy, Inc. has a 52 week low of $54.12 and a 52 week high of $71.58. The firm’s 50-day simple moving average is $61.09 and its two-hundred day simple moving average is $61.02.

Evergy (NYSE:EVRG – Get Rating) last announced its quarterly earnings data on Friday, May 5th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.56 by $0.03. Evergy had a net margin of 13.03% and a return on equity of 9.13%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter in the previous year, the firm posted $0.58 earnings per share. As a group, equities analysts forecast that Evergy, Inc. will post 3.62 earnings per share for the current year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Friday, May 19th will be given a $0.6125 dividend. This represents a $2.45 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend is Thursday, May 18th. Evergy’s dividend payout ratio (DPR) is currently 73.13%.

Evergy Profile

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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.