Evergy, Inc. (NYSE:EVRG) Shares Bought by Massmutual Trust Co. FSB ADV

Massmutual Trust Co. FSB ADV grew its stake in Evergy, Inc. (NYSE:EVRGGet 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 (NYSE:EVRGGet Rating) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.02. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.23 billion. Evergy had a return on equity of 8.89% and a net margin of 15.16%. The company’s revenue was up 17.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. As a group, research analysts predict that Evergy, Inc. will post 3.58 EPS for the current year.

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 Profile

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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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