Evergy Inc. $EVRG Shares Sold by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. reduced its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 99.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,172 shares of the company’s stock after selling 2,415,000 shares during the period. Ameritas Investment Partners Inc.’s holdings in Evergy were worth $165,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EVRG. Vanguard Group Inc. increased its position in shares of Evergy by 1.7% during the second quarter. Vanguard Group Inc. now owns 30,966,777 shares of the company’s stock worth $2,134,540,000 after acquiring an additional 521,310 shares during the period. Geode Capital Management LLC boosted its holdings in Evergy by 2.8% in the second quarter. Geode Capital Management LLC now owns 6,257,857 shares of the company’s stock valued at $429,677,000 after purchasing an additional 170,953 shares during the period. Franklin Resources Inc. grew its stake in Evergy by 2.1% during the 2nd quarter. Franklin Resources Inc. now owns 5,807,034 shares of the company’s stock worth $400,279,000 after purchasing an additional 118,124 shares in the last quarter. Federated Hermes Inc. increased its holdings in Evergy by 0.5% during the 3rd quarter. Federated Hermes Inc. now owns 3,702,734 shares of the company’s stock worth $281,482,000 after purchasing an additional 17,592 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in Evergy by 44.4% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,470,917 shares of the company’s stock valued at $170,320,000 after purchasing an additional 760,301 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on EVRG. Wells Fargo & Company lifted their price objective on Evergy from $79.00 to $83.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $91.00 price target on shares of Evergy in a research note on Friday, January 23rd. BMO Capital Markets boosted their price target on shares of Evergy from $82.00 to $87.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. Citigroup increased their price objective on shares of Evergy from $89.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Finally, Wall Street Zen upgraded shares of Evergy from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $86.88.

Evergy Stock Performance

Shares of Evergy stock opened at $84.32 on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.49 and a debt-to-equity ratio of 1.27. Evergy Inc. has a 52 week low of $61.94 and a 52 week high of $85.23. The firm’s 50 day moving average is $77.37 and its two-hundred day moving average is $75.67. The firm has a market capitalization of $19.42 billion, a P/E ratio of 22.98, a P/E/G ratio of 3.35 and a beta of 0.65.

Evergy (NASDAQ:EVRG) last issued its earnings results on Saturday, January 31st. The company reported $0.42 earnings per share (EPS) for the quarter. Evergy had a net margin of 14.35% and a return on equity of 8.79%. Research analysts forecast that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be paid a $0.695 dividend. This represents a $2.78 annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, March 10th. Evergy’s dividend payout ratio is currently 75.75%.

Insider Activity

In other news, Director Ann D. Murtlow sold 2,847 shares of Evergy stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $82.34, for a total transaction of $234,421.98. Following the sale, the director owned 2,311 shares in the company, valued at approximately $190,287.74. The trade was a 55.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.42% of the company’s stock.

Evergy Profile

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.