Nomura Asset Management Co. Ltd. Trims Stock Position in Evergy, Inc. (NYSE:EVRG)

Nomura Asset Management Co. Ltd. cut its position in shares of Evergy, Inc. (NYSE:EVRGGet Rating) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,209 shares of the company’s stock after selling 1,668 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Evergy were worth $3,651,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of EVRG. BlackRock Inc. boosted its stake in Evergy by 1.4% during the third quarter. BlackRock Inc. now owns 15,984,082 shares of the company’s stock worth $994,208,000 after buying an additional 224,015 shares during the period. Franklin Resources Inc. boosted its stake in Evergy by 0.5% during the third quarter. Franklin Resources Inc. now owns 5,802,409 shares of the company’s stock worth $360,910,000 after buying an additional 27,095 shares during the period. Credit Suisse AG boosted its stake in Evergy by 5.8% during the third quarter. Credit Suisse AG now owns 4,778,525 shares of the company’s stock worth $297,225,000 after buying an additional 260,144 shares during the period. Bluescape Energy Partners LLC lifted its stake in Evergy by 12.2% during the fourth quarter. Bluescape Energy Partners LLC now owns 2,657,473 shares of the company’s stock worth $182,329,000 after purchasing an additional 288,937 shares in the last quarter. Finally, Brookfield Asset Management Inc. lifted its stake in Evergy by 1.7% during the third quarter. Brookfield Asset Management Inc. now owns 2,336,005 shares of the company’s stock worth $145,300,000 after purchasing an additional 39,783 shares in the last quarter. 87.35% of the stock is owned by institutional investors.

In other news, SVP Charles L. King sold 1,200 shares of Evergy stock in a transaction dated Thursday, March 10th. The stock was sold at an average price of $63.26, for a total value of $75,912.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.32% of the company’s stock.

Separately, The Goldman Sachs Group cut Evergy from a “buy” rating to a “neutral” rating and set a $72.00 price target on the stock. in a research note on Thursday, January 13th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $68.67.

Shares of NYSE:EVRG opened at $71.11 on Monday. The firm’s 50-day moving average is $64.66 and its two-hundred day moving average is $64.91. The firm has a market capitalization of $16.31 billion, a PE ratio of 18.57, a price-to-earnings-growth ratio of 3.30 and a beta of 0.50. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.55 and a quick ratio of 0.37. Evergy, Inc. has a 1 year low of $59.46 and a 1 year high of $71.48.

Evergy (NYSE:EVRGGet Rating) last posted its quarterly earnings results on Friday, February 25th. The company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.12. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $842.33 million. Evergy had a net margin of 15.75% and a return on equity of 8.95%. During the same quarter in the previous year, the firm posted $0.28 earnings per share. Analysts expect that Evergy, Inc. will post 3.53 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 21st. Stockholders of record on Monday, March 7th were paid a $0.5725 dividend. This represents a $2.29 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Friday, March 4th. This is a boost from Evergy’s previous quarterly dividend of $0.46. Evergy’s dividend payout ratio (DPR) is presently 59.79%.

Evergy Company Profile (Get Rating)

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Kansas and Missouri, the United States. It generates electricity through coal, hydroelectric, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources.

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Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

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