First Manhattan Co. Purchases 216 Shares of Evergy, Inc. (NYSE:EVRG)

First Manhattan Co. boosted its position in shares of Evergy, Inc. (NYSE:EVRGGet Rating) by 0.1% during the 1st quarter, reports. The fund owned 202,302 shares of the company’s stock after buying an additional 216 shares during the quarter. First Manhattan Co.’s holdings in Evergy were worth $13,825,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EVRG. Invesco Ltd. raised its position in Evergy by 60.0% during the fourth quarter. Invesco Ltd. now owns 4,032,859 shares of the company’s stock worth $276,692,000 after acquiring an additional 1,512,258 shares in the last quarter. State Street Corp raised its position in shares of Evergy by 10.8% in the first quarter. State Street Corp now owns 13,874,020 shares of the company’s stock valued at $948,151,000 after purchasing an additional 1,356,321 shares during the period. Capital International Investors raised its position in shares of Evergy by 15.8% in the fourth quarter. Capital International Investors now owns 9,271,048 shares of the company’s stock valued at $636,087,000 after purchasing an additional 1,266,945 shares during the period. BlackRock Inc. raised its position in shares of Evergy by 7.5% in the fourth quarter. BlackRock Inc. now owns 17,176,489 shares of the company’s stock valued at $1,178,481,000 after purchasing an additional 1,192,407 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Evergy by 45.2% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,454,848 shares of the company’s stock valued at $236,104,000 after purchasing an additional 1,074,847 shares during the period. 84.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, UBS Group lowered shares of Evergy from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $78.00 to $70.00 in a research report on Thursday, June 30th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $71.33.

Evergy Trading Up 1.0 %

EVRG stock opened at $70.82 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.33 and a current ratio of 0.50. The company’s 50-day simple moving average is $67.87 and its 200 day simple moving average is $67.27. Evergy, Inc. has a 52 week low of $59.34 and a 52 week high of $73.13. The company has a market capitalization of $16.25 billion, a PE ratio of 19.95, a price-to-earnings-growth ratio of 3.86 and a beta of 0.48.

Evergy (NYSE:EVRGGet Rating) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.84 by $0.02. Evergy had a net margin of 15.16% and a return on equity of 8.89%. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the company posted $0.85 earnings per share. Evergy’s revenue was up 17.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Evergy, Inc. will post 3.55 earnings per share for the current year.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 20th. Investors of record on Friday, August 19th will be paid a $0.5725 dividend. The ex-dividend date is Thursday, August 18th. This represents a $2.29 annualized dividend and a dividend yield of 3.23%. Evergy’s dividend payout ratio (DPR) is presently 64.51%.

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.

See Also

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Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

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