American Century Companies Inc. Sells 37,960 Shares of Evergy Inc. $EVRG

American Century Companies Inc. decreased its position in shares of Evergy Inc. (NASDAQ:EVRG) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,130,654 shares of the company’s stock after selling 37,960 shares during the quarter. American Century Companies Inc. owned 1.36% of Evergy worth $237,993,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of EVRG. Harvest Portfolios Group Inc. lifted its holdings in shares of Evergy by 9.4% during the 3rd quarter. Harvest Portfolios Group Inc. now owns 125,569 shares of the company’s stock worth $9,546,000 after acquiring an additional 10,778 shares during the period. Quantbot Technologies LP bought a new stake in Evergy during the third quarter worth $4,045,000. Accredited Wealth Management LLC lifted its stake in Evergy by 1,310.3% during the third quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock worth $31,000 after purchasing an additional 380 shares during the last quarter. Choreo LLC boosted its holdings in shares of Evergy by 2.0% in the 3rd quarter. Choreo LLC now owns 10,690 shares of the company’s stock valued at $813,000 after purchasing an additional 210 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Evergy by 9.2% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 466,933 shares of the company’s stock valued at $35,496,000 after purchasing an additional 39,486 shares during the last quarter. 87.24% of the stock is owned by institutional investors.

Insider Transactions at Evergy

In other Evergy 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 transaction, the director directly owned 2,311 shares of the company’s stock, valued at approximately $190,287.74. The trade was a 55.20% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.42% of the stock is currently owned by corporate insiders.

Evergy Stock Performance

Evergy stock opened at $83.66 on Friday. The business has a 50 day moving average of $76.67 and a 200-day moving average of $75.43. The company has a market capitalization of $19.27 billion, a P/E ratio of 22.80, a P/E/G ratio of 3.32 and a beta of 0.66. Evergy Inc. has a 1 year low of $61.94 and a 1 year high of $84.08. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.49 and a quick ratio of 0.27.

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

Evergy Announces Dividend

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

Wall Street Analysts Forecast Growth

EVRG has been the subject of several recent analyst reports. Wells Fargo & Company upped their price objective on Evergy from $79.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. BMO Capital Markets increased their target price on shares of Evergy from $82.00 to $87.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. UBS Group downgraded shares of Evergy from a “buy” rating to a “neutral” rating and raised their price target for the company from $86.00 to $88.00 in a research note on Friday, February 13th. Mizuho set a $82.00 price objective on shares of Evergy in a research report on Monday, February 23rd. Finally, Barclays raised their target price on shares of Evergy from $80.00 to $82.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.88.

About Evergy

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.