Mackenzie Financial Corp Grows Position in Evergy, Inc. (NYSE:EVRG)

Mackenzie Financial Corp raised its position in Evergy, Inc. (NYSE:EVRGGet Rating) by 5.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,151 shares of the company’s stock after purchasing an additional 2,091 shares during the quarter. Mackenzie Financial Corp’s holdings in Evergy were worth $2,489,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of EVRG. Lansing Street Advisors acquired a new stake in shares of Evergy in the first quarter valued at about $26,000. SWS Partners acquired a new stake in Evergy during the 1st quarter valued at approximately $27,000. Baystate Wealth Management LLC grew its stake in Evergy by 135.7% during the 2nd quarter. Baystate Wealth Management LLC now owns 436 shares of the company’s stock valued at $29,000 after purchasing an additional 251 shares in the last quarter. Truvestments Capital LLC acquired a new stake in Evergy during the 2nd quarter valued at approximately $31,000. Finally, First Bank & Trust grew its stake in Evergy by 69.5% during the 2nd quarter. First Bank & Trust now owns 583 shares of the company’s stock valued at $38,000 after purchasing an additional 239 shares in the last quarter. 84.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. UBS Group reduced their target price on Evergy to $65.00 in a report on Monday. Seaport Res Ptn reissued a “buy” rating on shares of Evergy in a report on Monday, October 24th. Credit Suisse Group cut their target price on Evergy from $68.00 to $61.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 12th. Wells Fargo & Company cut their target price on Evergy from $72.00 to $63.00 and set an “equal weight” rating on the stock in a research note on Wednesday, October 19th. Finally, Bank of America lowered their price target on Evergy from $74.00 to $68.00 in a research report on Wednesday, September 28th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Evergy presently has a consensus rating of “Hold” and a consensus target price of $65.50.

Evergy Trading Down 0.4 %

Shares of EVRG opened at $58.40 on Tuesday. Evergy, Inc. has a 12-month low of $54.12 and a 12-month high of $73.13. The company has a quick ratio of 0.35, a current ratio of 0.52 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $13.40 billion, a price-to-earnings ratio of 16.88, a P/E/G ratio of 3.12 and a beta of 0.53. The stock’s 50-day moving average price is $60.94 and its 200 day moving average price is $65.01.

Evergy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 20th. Stockholders of record on Friday, November 18th will be paid a $0.6125 dividend. This is a positive change from Evergy’s previous quarterly dividend of $0.57. This represents a $2.45 annualized dividend and a dividend yield of 4.20%. The ex-dividend date is Thursday, November 17th. Evergy’s dividend payout ratio is currently 70.81%.

About Evergy

(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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