Vanguard Personalized Indexing Management LLC decreased its position in shares of Evergy, Inc. (NYSE:EVRG – Get Rating) by 21.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,599 shares of the company’s stock after selling 2,377 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Evergy were worth $541,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the company. Raleigh Capital Management Inc. raised its position in Evergy by 3.3% during the fourth quarter. Raleigh Capital Management Inc. now owns 5,287 shares of the company’s stock valued at $333,000 after purchasing an additional 168 shares in the last quarter. PNC Financial Services Group Inc. lifted its position 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 buying an additional 179 shares during the last quarter. Czech National Bank boosted its stake in Evergy by 0.7% in the fourth quarter. Czech National Bank now owns 26,867 shares of the company’s stock valued at $1,691,000 after buying an additional 193 shares in the last quarter. Utah Retirement Systems grew its position in Evergy by 0.5% in the third quarter. Utah Retirement Systems now owns 39,827 shares of the company’s stock valued at $2,366,000 after acquiring an additional 200 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its stake in Evergy by 6.4% during the third quarter. Sunbelt Securities Inc. now owns 3,475 shares of the company’s stock worth $206,000 after acquiring an additional 209 shares in the last quarter. 83.84% of the stock is currently owned by institutional investors and hedge funds.
Evergy Stock Performance
Shares of Evergy stock opened at $57.46 on Friday. The company has a market cap of $13.20 billion, a P/E ratio of 15.28, a PEG ratio of 3.06 and a beta of 0.50. Evergy, Inc. has a 1-year low of $54.12 and a 1-year high of $71.58. The business has a 50-day moving average price of $61.09 and a two-hundred day moving average price of $61.02. The company has a current ratio of 0.52, a quick ratio of 0.31 and a debt-to-equity ratio of 1.06.
Evergy Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 20th. Shareholders of record on Friday, May 19th will be paid a dividend of $0.6125 per share. The ex-dividend date is Thursday, May 18th. This represents a $2.45 dividend on an annualized basis and a yield of 4.26%. Evergy’s dividend payout ratio (DPR) is currently 73.13%.
Insiders Place Their Bets
In related news, SVP Lesley Lissette Elwell sold 1,328 shares of the company’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $57.67, for a total transaction of $76,585.76. Following the completion of the sale, the senior vice president now owns 27 shares in the company, valued at $1,557.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Lesley Lissette Elwell sold 1,328 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $57.67, for a total transaction of $76,585.76. Following the completion of the sale, the senior vice president now directly owns 27 shares of the company’s stock, valued at approximately $1,557.09. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Sandra Aj Lawrence sold 2,523 shares of the company’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 completion of the transaction, the director now owns 480 shares in the company, valued at approximately $29,913.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,351 shares of company stock valued at $1,579,544. Corporate insiders own 0.47% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on the stock. TheStreet lowered shares of Evergy from a “b” rating to a “c+” rating in a report on Thursday, February 23rd. Wells Fargo & Company decreased their target price on shares of Evergy from $69.00 to $66.00 and set an “equal weight” rating on the stock in a research note on Monday, January 30th. Finally, Bank of America increased their price target on Evergy from $55.00 to $59.00 and gave the company an “underperform” rating in a research note on Friday, April 14th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat.com, Evergy currently has an average rating of “Hold” and an average target price of $62.20.
About Evergy
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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