Massmutual Trust Co. FSB ADV grew its stake in Evergy, Inc. (NYSE:EVRG – Get Rating) by 4.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,144 shares of the company’s stock after acquiring an additional 171 shares during the quarter. Massmutual Trust Co. FSB ADV’s holdings in Evergy were worth $270,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Bridgewater Associates LP purchased a new stake in Evergy in the 4th quarter worth approximately $858,000. SouthState Corp purchased a new stake in shares of Evergy in the first quarter valued at $103,000. Mutual of America Capital Management LLC lifted its position in Evergy by 2.2% during the first quarter. Mutual of America Capital Management LLC now owns 89,991 shares of the company’s stock worth $6,150,000 after buying an additional 1,930 shares during the period. Profund Advisors LLC lifted its position in Evergy by 8.1% during the first quarter. Profund Advisors LLC now owns 10,672 shares of the company’s stock worth $729,000 after buying an additional 801 shares during the period. Finally, Private Capital Group LLC grew its holdings in Evergy by 26.5% in the 1st quarter. Private Capital Group LLC now owns 870 shares of the company’s stock valued at $60,000 after buying an additional 182 shares during the period. Institutional investors and hedge funds own 84.37% of the company’s stock.
Evergy Price Performance
EVRG stock opened at $67.07 on Monday. The company has a market cap of $15.39 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 3.58 and a beta of 0.48. The company has a current ratio of 0.50, a quick ratio of 0.33 and a debt-to-equity ratio of 0.99. The stock has a 50-day moving average price of $68.18 and a two-hundred day moving average price of $67.45. Evergy, Inc. has a 12-month low of $59.34 and a 12-month high of $73.13.
Evergy Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 20th. Stockholders of record on Friday, August 19th will be paid a $0.5725 dividend. This represents a $2.29 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Thursday, August 18th. Evergy’s dividend payout ratio is presently 64.51%.
Wall Street Analysts Forecast Growth
Separately, UBS Group lowered shares of Evergy from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $78.00 to $70.00 in a report on Thursday, June 30th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Evergy presently has a consensus rating of “Hold” and an average target price of $72.60.
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.
- Get a free copy of the StockNews.com research report on Evergy (EVRG)
- Kroger’s is Your One-Stop Consumer Staples Stock
- Adobe Perfects the Art of the Faceplant for Investors
- Tax Credits are the Incentives in the Inflation Reduction Act
- Stock Market: 3 Islands Of Strength In A Sea Of Red
- 3 Banks Worth Considering For Q4
Receive News & Ratings for Evergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evergy and related companies with MarketBeat.com's FREE daily email newsletter.