Amalgamated Bank Has $2.78 Million Stock Holdings in Evergy, Inc. (NYSE:EVRG)

Amalgamated Bank trimmed its position in Evergy, Inc. (NYSE:EVRG) by 38.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 44,802 shares of the company’s stock after selling 28,086 shares during the quarter. Amalgamated Bank’s holdings in Evergy were worth $2,778,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Manning & Napier Advisors LLC acquired a new stake in shares of Evergy in the second quarter valued at approximately $112,464,000. Wedge Capital Management L L P NC boosted its stake in Evergy by 8.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 260,331 shares of the company’s stock valued at $13,790,000 after purchasing an additional 19,193 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in Evergy by 11.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 316,455 shares of the company’s stock valued at $16,892,000 after purchasing an additional 31,985 shares during the period. Entropy Technologies LP increased its position in Evergy by 129.2% during the 1st quarter. Entropy Technologies LP now owns 36,838 shares of the company’s stock worth $1,966,000 after buying an additional 20,764 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in shares of Evergy by 4,661.9% during the first quarter. Acadian Asset Management LLC now owns 12,381 shares of the company’s stock worth $659,000 after buying an additional 12,121 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Mizuho started coverage on shares of Evergy in a research report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price target on the stock. UBS Group raised shares of Evergy to a “hold” rating in a report on Wednesday, September 18th. Wells Fargo & Company boosted their price target on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Jefferies Financial Group assumed coverage on Evergy in a research note on Thursday, September 19th. They set a “buy” rating and a $70.00 price objective on the stock. Finally, Barclays cut their target price on Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $61.88.

Insider Activity

In related 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 sale, the director now owns 2,847 shares in the company, valued at $167,545.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, SVP Charles A. Caisley sold 9,236 shares of Evergy stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total transaction of $550,742.68. Following the sale, the senior vice president now directly owns 33,425 shares in the company, valued at $1,993,132.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann D. Murtlow sold 3,301 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 2,847 shares in the company, valued at $167,545.95. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,884 shares of company stock worth $941,810. Insiders own 0.47% of the company’s stock.

Evergy Trading Up 1.8 %

Shares of EVRG stock opened at $62.51 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.35 and a current ratio of 0.55. Evergy, Inc. has a fifty-two week low of $47.97 and a fifty-two week high of $62.58. The company has a market cap of $14.37 billion, a PE ratio of 16.76, a P/E/G ratio of 2.78 and a beta of 0.62. The stock’s fifty day moving average price is $60.78 and its two-hundred day moving average price is $57.17.

Evergy (NYSE:EVRG) last posted its earnings results on Thursday, November 7th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.07. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.88 earnings per share. Equities analysts predict that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.6675 per share. The ex-dividend date is Thursday, November 21st. This is an increase from Evergy’s previous quarterly dividend of $0.64. This represents a $2.67 annualized dividend and a dividend yield of 4.27%. Evergy’s dividend payout ratio is 69.46%.

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.