Thompson Siegel & Walmsley LLC Has $112.25 Million Stock Position in Evergy, Inc. (NYSE:EVRG)

Thompson Siegel & Walmsley LLC trimmed its position in Evergy, Inc. (NYSE:EVRG) by 9.4% during the third quarter, HoldingsChannel.com reports. The fund owned 1,810,122 shares of the company’s stock after selling 188,296 shares during the period. Evergy makes up approximately 1.7% of Thompson Siegel & Walmsley LLC’s investment portfolio, making the stock its 6th biggest holding. Thompson Siegel & Walmsley LLC’s holdings in Evergy were worth $112,246,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of EVRG. Pathway Financial Advisers LLC boosted its holdings in shares of Evergy by 6,854.6% in the third quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company’s stock valued at $157,443,000 after buying an additional 2,502,493 shares during the period. Manning & Napier Advisors LLC bought a new stake in Evergy in the 2nd quarter valued at $112,464,000. Zimmer Partners LP boosted its stake in Evergy by 781.4% in the 1st quarter. Zimmer Partners LP now owns 2,326,385 shares of the company’s stock worth $124,182,000 after purchasing an additional 2,062,434 shares during the period. Mizuho Securities USA LLC increased its holdings in Evergy by 7,234.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 1,300,000 shares of the company’s stock worth $80,613,000 after purchasing an additional 1,282,275 shares in the last quarter. Finally, Millennium Management LLC raised its stake in shares of Evergy by 38.6% in the 2nd quarter. Millennium Management LLC now owns 3,683,000 shares of the company’s stock valued at $195,089,000 after purchasing an additional 1,026,374 shares during the period. Institutional investors own 87.24% of the company’s stock.

Insider Buying and Selling at Evergy

In other news, EVP Kevin E. Bryant sold 48,141 shares of the business’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the sale, the executive vice president now directly owns 1 shares in the company, valued at approximately $62.93. The trade was a 100.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Heather A. Humphrey sold 3,347 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 35,314 shares in the company, valued at $2,076,463.20. The trade was a 8.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 60,724 shares of company stock valued at $3,777,059. 0.47% of the stock is currently owned by corporate insiders.

Evergy Price Performance

Shares of Evergy stock opened at $64.37 on Thursday. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a twelve month low of $48.04 and a twelve month high of $64.42. The company has a 50-day simple moving average of $61.36 and a two-hundred day simple moving average of $57.74. The stock has a market capitalization of $14.80 billion, a price-to-earnings ratio of 17.15, a price-to-earnings-growth ratio of 2.85 and a beta of 0.62.

Evergy (NYSE:EVRG) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.02 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.07. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. Evergy’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.88 earnings per share. Analysts forecast that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.6675 per share. This is an increase from Evergy’s previous quarterly dividend of $0.64. This represents a $2.67 annualized dividend and a yield of 4.15%. The ex-dividend date is Thursday, November 21st. Evergy’s payout ratio is currently 69.46%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on EVRG shares. Mizuho initiated coverage on shares of Evergy in a research report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 target price for the company. Barclays lowered their price target on Evergy from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Wells Fargo & Company boosted their target price on Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. UBS Group raised Evergy to a “hold” rating in a report on Wednesday, September 18th. Finally, Jefferies Financial Group initiated coverage on shares of Evergy in a research report on Thursday, September 19th. They issued a “buy” rating and a $70.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $61.88.

Evergy Company Profile

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.