UMB Bank n.a. cut its holdings in Evergy, Inc. (NYSE:EVRG – Get Rating) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,156 shares of the company’s stock after selling 265 shares during the quarter. UMB Bank n.a.’s holdings in Evergy were worth $2,401,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the business. State Street Corp lifted its stake in shares of Evergy by 10.8% during the first quarter. State Street Corp now owns 13,874,020 shares of the company’s stock valued at $948,151,000 after buying an additional 1,356,321 shares during the period. Manning & Napier Group LLC lifted its stake in shares of Evergy by 248.0% during the third quarter. Manning & Napier Group LLC now owns 1,200,374 shares of the company’s stock valued at $71,301,000 after buying an additional 855,407 shares during the period. Vanguard Group Inc. lifted its stake in shares of Evergy by 1.8% during the first quarter. Vanguard Group Inc. now owns 29,339,970 shares of the company’s stock valued at $2,005,093,000 after buying an additional 509,404 shares during the period. Millennium Management LLC lifted its stake in shares of Evergy by 2,320.6% during the second quarter. Millennium Management LLC now owns 436,770 shares of the company’s stock valued at $28,499,000 after buying an additional 418,726 shares during the period. Finally, Zimmer Partners LP lifted its stake in shares of Evergy by 45.0% during the second quarter. Zimmer Partners LP now owns 1,238,202 shares of the company’s stock valued at $80,793,000 after buying an additional 384,254 shares during the period. 83.84% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the stock. UBS Group reduced their price objective on shares of Evergy to $65.00 in a research note on Monday, November 21st. Seaport Res Ptn downgraded shares of Evergy from a “buy” rating to a “neutral” rating in a research note on Monday, November 21st. Wells Fargo & Company cut their price target 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. TheStreet downgraded shares of Evergy from a “b” rating to a “c+” rating in a research note on Thursday, February 23rd. Finally, Credit Suisse Group downgraded shares of Evergy from an “outperform” rating to an “underperform” rating and cut their price target for the stock from $61.00 to $57.00 in a research note on Tuesday, November 29th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $61.20.
Evergy Stock Performance
Evergy (NYSE:EVRG – Get Rating) last announced its quarterly earnings data on Friday, February 24th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.08. Evergy had a net margin of 12.85% and a return on equity of 9.17%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $956.63 million. During the same period last year, the business earned $0.16 EPS. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Evergy, Inc. will post 3.65 EPS for the current year.
Evergy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 22nd. Investors of record on Thursday, March 9th will be given a $0.6125 dividend. The ex-dividend date is Wednesday, March 8th. This represents a $2.45 annualized dividend and a yield of 4.09%. Evergy’s dividend payout ratio is presently 75.15%.
Insiders Place Their Bets
In other Evergy news, COO Kevin E. Bryant sold 22,500 shares of the business’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $59.81, for a total transaction of $1,345,725.00. Following the sale, the chief operating officer now directly owns 32,993 shares in the company, valued at approximately $1,973,311.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.47% of the stock is owned by insiders.
Evergy Company Profile
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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