Public Sector Pension Investment Board Grows Stock Holdings in Evergy (NYSE:EVRG)

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Public Sector Pension Investment Board raised its position in shares of Evergy (NYSE:EVRG) by 20.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 55,099 shares of the company’s stock after purchasing an additional 9,361 shares during the period. Public Sector Pension Investment Board’s holdings in Evergy were worth $3,586,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EVRG. Voya Investment Management LLC raised its position in Evergy by 121.6% during the third quarter. Voya Investment Management LLC now owns 755,401 shares of the company’s stock valued at $50,279,000 after purchasing an additional 414,516 shares in the last quarter. Redpoint Investment Management Pty Ltd raised its position in Evergy by 547.1% in the 3rd quarter. Redpoint Investment Management Pty Ltd now owns 74,748 shares of the company’s stock worth $4,975,000 after purchasing an additional 63,197 shares during the period. Boston Partners raised its position in Evergy by 6.8% in the 3rd quarter. Boston Partners now owns 1,973,855 shares of the company’s stock worth $131,360,000 after purchasing an additional 126,468 shares during the period. Virtu Financial LLC raised its position in Evergy by 112.3% in the 3rd quarter. Virtu Financial LLC now owns 10,745 shares of the company’s stock worth $715,000 after purchasing an additional 5,683 shares during the period. Finally, Global Retirement Partners LLC raised its position in Evergy by 581.5% in the 3rd quarter. Global Retirement Partners LLC now owns 10,093 shares of the company’s stock worth $672,000 after purchasing an additional 8,612 shares during the period. Institutional investors and hedge funds own 83.51% of the company’s stock.

Shares of NYSE:EVRG traded up $6.38 during trading on Thursday, reaching $58.28. 77,771 shares of the company were exchanged, compared to its average volume of 2,970,575. The firm has a market capitalization of $11.49 billion, a PE ratio of 20.77, a P/E/G ratio of 2.54 and a beta of 0.32. The business’s fifty day simple moving average is $65.43 and its 200-day simple moving average is $65.08. Evergy has a 12-month low of $42.01 and a 12-month high of $76.57. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.63 and a quick ratio of 0.42.

Evergy (NYSE:EVRG) last issued its earnings results on Monday, March 2nd. The company reported $0.32 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.20 billion. Evergy had a net margin of 13.01% and a return on equity of 7.85%. During the same period last year, the company posted $0.08 earnings per share. On average, sell-side analysts anticipate that Evergy will post 3.12 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Monday, March 9th were given a dividend of $0.505 per share. This represents a $2.02 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date was Friday, March 6th. Evergy’s dividend payout ratio (DPR) is presently 69.90%.

In other news, Director Sandra Aj Lawrence sold 4,280 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $70.70, for a total transaction of $302,596.00. Following the transaction, the director now directly owns 480 shares in the company, valued at $33,936. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Anthony D. Somma sold 2,000 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $65.86, for a total transaction of $131,720.00. Following the transaction, the chief financial officer now owns 48,636 shares in the company, valued at $3,203,166.96. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,280 shares of company stock worth $724,756. Corporate insiders own 0.38% of the company’s stock.

EVRG has been the topic of a number of recent analyst reports. SunTrust Banks reissued a “buy” rating and issued a $73.00 price objective on shares of Evergy in a research report on Wednesday, January 22nd. They noted that the move was a valuation call. TheStreet lowered shares of Evergy from a “b-” rating to a “c+” rating in a research report on Wednesday, March 11th. Bank of America raised shares of Evergy from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $69.00 to $75.00 in a research report on Tuesday, March 3rd. JPMorgan Chase & Co. increased their price objective on shares of Evergy from $72.00 to $76.00 and gave the stock an “overweight” rating in a research report on Monday, February 3rd. Finally, ValuEngine raised shares of Evergy from a “sell” rating to a “hold” rating in a research report on Monday, March 9th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Evergy has a consensus rating of “Buy” and an average price target of $72.43.

Evergy Profile

Westar Energy, Inc engages in the generation, transmission and distribution of electricity in Kansas. It provides electricity to residential, commercial, and industrial customers in the cities of Topeka, Lawrence, Manhattan, Salina, and Hutchinson. The company was founded in 1924 and is headquartered in Topeka, KS.

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Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

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