Oxbow Advisors LLC bought a new stake in Evergy, Inc. (NYSE:EVRG - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 44,149 shares of the company's stock, valued at approximately $2,738,000.
Several other institutional investors and hedge funds have also modified their holdings of EVRG. Pathway Financial Advisers LLC lifted its position in Evergy by 6,854.6% during the third quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company's stock worth $157,443,000 after purchasing an additional 2,502,493 shares during the period. Manning & Napier Advisors LLC bought a new position in Evergy in the second quarter valued at approximately $112,464,000. Zimmer Partners LP boosted its holdings in shares of Evergy by 781.4% in the 1st quarter. Zimmer Partners LP now owns 2,326,385 shares of the company's stock valued at $124,182,000 after purchasing an additional 2,062,434 shares in the last quarter. Millennium Management LLC increased its position in Evergy by 38.6% during the 2nd quarter. Millennium Management LLC now owns 3,683,000 shares of the company's stock worth $195,089,000 after purchasing an additional 1,026,374 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Evergy during the second quarter worth $50,044,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.
In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of the business's stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total transaction of $194,263.85. Following the sale, the director now owns 2,847 shares of the company's stock, valued at approximately $167,545.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Ann D. Murtlow sold 3,301 shares of the company's stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total value of $194,263.85. Following the sale, the director now directly owns 2,847 shares of the company's stock, valued at $167,545.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Heather A. Humphrey sold 3,347 shares of the firm's stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total transaction of $196,803.60. Following the transaction, the senior vice president now directly owns 35,314 shares of the company's stock, valued at approximately $2,076,463.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,884 shares of company stock worth $941,810. Insiders own 0.47% of the company's stock.
Shares of NYSE:EVRG traded up $1.10 during trading on Friday, hitting $62.51. The company had a trading volume of 3,095,604 shares, compared to its average volume of 1,523,954. The stock has a market cap of $14.37 billion, a price-to-earnings ratio of 19.47, a price-to-earnings-growth ratio of 2.72 and a beta of 0.62. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.59 and a quick ratio of 0.35. The company has a fifty day simple moving average of $60.78 and a two-hundred day simple moving average of $57.10. Evergy, Inc. has a one year low of $47.97 and a one year high of $62.58.
Evergy (NYSE:EVRG - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.95 by $0.07. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.35 billion. Evergy had a return on equity of 8.50% and a net margin of 13.12%. Evergy's quarterly revenue was up 8.5% compared to the same quarter last year. During the same period last year, the company earned $1.88 EPS. As a group, equities analysts forecast that Evergy, Inc. will post 3.84 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.6675 per share. The ex-dividend date of this dividend is Thursday, November 21st. This is an increase from Evergy's previous quarterly dividend of $0.64. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.27%. Evergy's dividend payout ratio is presently 80.06%.
EVRG has been the topic of a number of analyst reports. Mizuho assumed coverage on shares of Evergy in a research note on Tuesday, October 29th. They issued an "outperform" rating and a $67.00 price objective on the stock. Barclays reduced their target price on Evergy from $67.00 to $65.00 and set an "overweight" rating for the company in a research note on Monday, October 21st. Wells Fargo & Company lifted their price target on Evergy from $65.00 to $69.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Jefferies Financial Group began coverage on shares of Evergy in a research report on Thursday, September 19th. They set a "buy" rating and a $70.00 price target on the stock. Finally, UBS Group upgraded Evergy to a "hold" rating in a research note on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $61.88.
View Our Latest Stock Report on EVRG
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.
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