Mutual of America Capital Management LLC Reduces Stock Holdings in Evergy, Inc. (NYSE:EVRG)

Mutual of America Capital Management LLC reduced its stake in shares of Evergy, Inc. (NYSE:EVRG) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 117,470 shares of the company’s stock after selling 609 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Evergy were worth $6,222,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of EVRG. Fidelis Capital Partners LLC purchased a new stake in Evergy during the 1st quarter worth approximately $32,000. Toth Financial Advisory Corp increased its holdings in Evergy by 199.5% during the 1st quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock worth $34,000 after purchasing an additional 423 shares during the last quarter. Rothschild Investment LLC purchased a new stake in Evergy during the 2nd quarter worth approximately $37,000. Hantz Financial Services Inc. purchased a new stake in Evergy during the 2nd quarter worth approximately $41,000. Finally, Principal Securities Inc. purchased a new stake in Evergy during the 4th quarter worth approximately $43,000. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Evergy Trading Up 0.9 %

NYSE:EVRG opened at $61.65 on Friday. Evergy, Inc. has a 12-month low of $46.92 and a 12-month high of $62.24. The firm has a market capitalization of $14.18 billion, a P/E ratio of 19.95, a P/E/G ratio of 3.12 and a beta of 0.62. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.59 and a quick ratio of 0.35. The business has a 50 day simple moving average of $58.50 and a 200 day simple moving average of $54.81.

Evergy (NYSE:EVRG) last released its quarterly earnings data on Friday, August 9th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. Evergy had a return on equity of 8.50% and a net margin of 13.12%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the firm posted $0.81 EPS. Equities research analysts predict that Evergy, Inc. will post 3.85 EPS for the current year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, August 20th were given a dividend of $0.6425 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $2.57 dividend on an annualized basis and a yield of 4.17%. Evergy’s dividend payout ratio (DPR) is presently 83.17%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EVRG. Barclays boosted their price target on Evergy from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Tuesday, August 13th. Jefferies Financial Group began coverage on Evergy in a report on Thursday. They issued a “buy” rating and a $70.00 price target for the company. Finally, UBS Group upgraded Evergy to a “hold” rating in a report on Wednesday. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Evergy has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Insiders Place Their Bets

In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $58.85, for a total transaction of $194,263.85. Following the completion of the transaction, the director now owns 2,847 shares in the company, valued at approximately $167,545.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Evergy news, SVP Charles A. Caisley sold 9,236 shares of the business’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $59.63, for a total transaction of $550,742.68. Following the completion of the transaction, the senior vice president now owns 33,425 shares in the company, valued at approximately $1,993,132.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann D. Murtlow sold 3,301 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total value of $194,263.85. Following the completion of the sale, the director now owns 2,847 shares of the company’s stock, valued at approximately $167,545.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,884 shares of company stock worth $941,810. 0.47% of the stock is owned by company insiders.

Evergy Profile

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities.