Russell Investments Group Ltd. Has $53.13 Million Holdings in Evergy Inc. $EVRG

Russell Investments Group Ltd. grew its holdings in Evergy Inc. (NASDAQ:EVRG) by 9.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 698,978 shares of the company’s stock after purchasing an additional 62,996 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.30% of Evergy worth $53,129,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Prevail Innovative Wealth Advisors LLC boosted its stake in Evergy by 101.9% in the third quarter. Prevail Innovative Wealth Advisors LLC now owns 21,693 shares of the company’s stock valued at $1,649,000 after acquiring an additional 10,947 shares during the last quarter. CoreFirst Bank & Trust raised its position in shares of Evergy by 13.8% during the 3rd quarter. CoreFirst Bank & Trust now owns 11,754 shares of the company’s stock valued at $894,000 after acquiring an additional 1,427 shares during the last quarter. Parallel Advisors LLC lifted its stake in shares of Evergy by 8.0% in the 3rd quarter. Parallel Advisors LLC now owns 9,681 shares of the company’s stock valued at $736,000 after purchasing an additional 720 shares during the period. CreativeOne Wealth LLC lifted its stake in shares of Evergy by 3.3% in the 3rd quarter. CreativeOne Wealth LLC now owns 26,333 shares of the company’s stock valued at $2,002,000 after purchasing an additional 849 shares during the period. Finally, Natixis Advisors LLC boosted its position in shares of Evergy by 86.1% in the 3rd quarter. Natixis Advisors LLC now owns 319,510 shares of the company’s stock worth $24,290,000 after purchasing an additional 147,864 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analyst Ratings Changes

EVRG has been the subject of a number of analyst reports. Wall Street Zen raised Evergy from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. UBS Group cut Evergy from a “buy” rating to a “neutral” rating and raised their target price for the stock from $86.00 to $88.00 in a report on Friday, February 13th. Wells Fargo & Company boosted their target price on Evergy from $79.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $91.00 price target on shares of Evergy in a research note on Friday, January 23rd. Finally, Barclays increased their price target on shares of Evergy from $82.00 to $89.00 and gave the company an “overweight” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $87.75.

Evergy Price Performance

EVRG opened at $81.93 on Wednesday. The stock has a market cap of $18.87 billion, a P/E ratio of 22.32, a P/E/G ratio of 3.30 and a beta of 0.65. Evergy Inc. has a 12 month low of $61.94 and a 12 month high of $85.23. The company has a quick ratio of 0.27, a current ratio of 0.49 and a debt-to-equity ratio of 1.27. The company has a fifty day simple moving average of $78.16 and a 200 day simple moving average of $75.99.

Evergy (NASDAQ:EVRG) last posted its earnings results on Saturday, January 31st. The company reported $0.42 earnings per share (EPS) for the quarter. Evergy had a return on equity of 8.79% and a net margin of 14.35%. On average, research analysts expect that Evergy Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be issued a dividend of $0.695 per share. This represents a $2.78 annualized dividend and a yield of 3.4%. The ex-dividend date is Tuesday, March 10th. Evergy’s dividend payout ratio (DPR) is 75.75%.

Insider Buying and Selling

In other Evergy news, Director Ann D. Murtlow sold 2,847 shares of Evergy stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $82.34, for a total value of $234,421.98. Following the transaction, the director owned 2,311 shares of the company’s stock, valued at approximately $190,287.74. The trade was a 55.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.42% of the company’s stock.

About Evergy

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.