Evergy, Inc. (NASDAQ:EVRG) Shares Sold by State of Michigan Retirement System

State of Michigan Retirement System decreased its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,781 shares of the company’s stock after selling 2,400 shares during the period. State of Michigan Retirement System’s holdings in Evergy were worth $4,295,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC increased its holdings in shares of Evergy by 7,234.3% in the third quarter. Mizuho Securities USA LLC now owns 1,300,000 shares of the company’s stock valued at $80,613,000 after buying an additional 1,282,275 shares in the last quarter. FMR LLC increased its holdings in shares of Evergy by 131.4% in the third quarter. FMR LLC now owns 2,004,414 shares of the company’s stock valued at $124,294,000 after buying an additional 1,138,138 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Evergy by 15,406.4% in the fourth quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock valued at $56,721,000 after buying an additional 915,603 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Evergy by 42.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,135,011 shares of the company’s stock valued at $132,392,000 after buying an additional 634,735 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in shares of Evergy by 25.8% in the third quarter. Point72 Asset Management L.P. now owns 2,848,735 shares of the company’s stock valued at $176,650,000 after buying an additional 583,923 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

Evergy Trading Up 0.1 %

NASDAQ EVRG opened at $65.80 on Friday. Evergy, Inc. has a twelve month low of $49.55 and a twelve month high of $69.93. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The stock has a market cap of $15.13 billion, a price-to-earnings ratio of 17.78, a PEG ratio of 2.82 and a beta of 0.62. The firm’s 50 day moving average price is $64.47 and its two-hundred day moving average price is $62.43.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.11). Evergy had a net margin of 14.77% and a return on equity of 8.77%. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Equities analysts anticipate that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend is Monday, March 10th. Evergy’s dividend payout ratio is currently 70.45%.

Analyst Upgrades and Downgrades

EVRG has been the topic of several research reports. LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and upped their price target for the company from $59.00 to $68.50 in a report on Thursday, January 2nd. Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Barclays lifted their price objective on shares of Evergy from $62.00 to $72.00 and gave the stock an “overweight” rating in a research report on Friday. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.79.

About Evergy

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities.