Robeco Institutional Asset Management B.V. increased its position in Evergy, Inc. (NYSE:EVRG – Free Report) by 59.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,684 shares of the company’s stock after acquiring an additional 13,976 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Evergy were worth $2,303,000 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 EVRG. PNC Financial Services Group Inc. increased its holdings in Evergy by 1.3% in 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 in the last quarter. Cibc World Market Inc. boosted its stake in Evergy by 25.8% in the 1st quarter. Cibc World Market Inc. now owns 5,924 shares of the company’s stock worth $405,000 after purchasing an additional 1,214 shares during the period. Blair William & Co. IL boosted its stake in Evergy by 5.5% in the 1st quarter. Blair William & Co. IL now owns 12,622 shares of the company’s stock worth $863,000 after purchasing an additional 657 shares during the period. Sei Investments Co. boosted its stake in Evergy by 28.4% in the 1st quarter. Sei Investments Co. now owns 322,941 shares of the company’s stock worth $22,058,000 after purchasing an additional 71,345 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in Evergy by 1,332.5% in the 1st 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 period. 83.74% of the stock is owned by hedge funds and other institutional investors.
Evergy Stock Performance
EVRG stock opened at $57.30 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.52 and a debt-to-equity ratio of 1.06. The business’s fifty day simple moving average is $59.11 and its two-hundred day simple moving average is $60.25. Evergy, Inc. has a twelve month low of $54.12 and a twelve month high of $71.58. The firm has a market cap of $13.16 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 3.16 and a beta of 0.50.
Evergy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Investors of record on Monday, August 21st will be given a dividend of $0.6125 per share. This represents a $2.45 dividend on an annualized basis and a yield of 4.28%. Evergy’s payout ratio is currently 73.13%.
Analyst Ratings Changes
A number of research analysts have recently commented on EVRG shares. Guggenheim lowered their target price on Evergy from $72.00 to $68.00 in a research report on Friday, July 7th. Bank of America increased their target price on Evergy from $55.00 to $59.00 and gave the stock an “underperform” rating in a research note on Friday, April 14th. Two investment analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $63.00.
Insider Activity at Evergy
In related news, Director Mary L. Landrieu sold 1,170 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $59.62, for a total transaction of $69,755.40. Following the sale, the director now owns 4,210 shares of the company’s stock, valued at $251,000.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Evergy news, SVP Lesley Lissette Elwell sold 1,328 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was sold at an average price of $57.67, for a total value of $76,585.76. Following the completion of the sale, the senior vice president now owns 27 shares of the company’s stock, valued at $1,557.09. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mary L. Landrieu sold 1,170 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $59.62, for a total value of $69,755.40. Following the completion of the sale, the director now directly owns 4,210 shares of the company’s stock, valued at approximately $251,000.20. The disclosure for this sale can be found here. Insiders have sold a total of 5,021 shares of company stock valued at $303,575 over the last quarter. 0.47% of the stock is owned by corporate insiders.
About Evergy
Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Kansas and Missouri, the United States. The company generates electricity through coal, hydroelectric, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources.
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