MassMutual Private Wealth & Trust FSB Sells 1,421 Shares of Evergy, Inc. (NASDAQ:EVRG)

MassMutual Private Wealth & Trust FSB lessened its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 28.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,586 shares of the company’s stock after selling 1,421 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Evergy were worth $221,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its position in Evergy by 13.2% during the second quarter. Envestnet Asset Management Inc. now owns 307,797 shares of the company’s stock worth $16,304,000 after purchasing an additional 35,940 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Evergy by 7.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,236,343 shares of the company’s stock worth $65,491,000 after buying an additional 83,035 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of Evergy by 115.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 188,000 shares of the company’s stock worth $9,958,000 after buying an additional 100,800 shares during the period. AE Wealth Management LLC grew its stake in Evergy by 253.9% in the 2nd quarter. AE Wealth Management LLC now owns 26,837 shares of the company’s stock valued at $1,422,000 after buying an additional 19,253 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in Evergy by 4.8% in the 2nd quarter. Pacer Advisors Inc. now owns 16,374 shares of the company’s stock worth $867,000 after acquiring an additional 750 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Trading Down 1.2 %

Evergy stock opened at $62.87 on Thursday. Evergy, Inc. has a 12 month low of $48.04 and a 12 month high of $65.47. The stock has a market cap of $14.46 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 2.76 and a beta of 0.64. The business has a 50 day moving average price of $62.45 and a two-hundred day moving average price of $60.44. 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 (NASDAQ:EVRG) last issued its earnings results on Thursday, November 7th. The company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.07. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same period in the prior year, the company posted $1.88 earnings per share. Evergy’s revenue was up 8.5% on a year-over-year basis. As a group, equities analysts forecast that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, November 21st were given a dividend of $0.6675 per share. This is a positive change from Evergy’s previous quarterly dividend of $0.64. This represents a $2.67 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend was Thursday, November 21st. Evergy’s payout ratio is 72.16%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on EVRG shares. Wells Fargo & Company upped their price target on shares of Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Mizuho started coverage on Evergy in a research note on Tuesday, October 29th. They set an “outperform” rating and a $67.00 target price for the company. Barclays dropped 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. Finally, LADENBURG THALM/SH SH upgraded Evergy from a “neutral” rating to a “buy” rating and upped their price target for the stock from $59.00 to $68.50 in a report on Thursday, January 2nd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $65.79.

Insider Activity at Evergy

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of Evergy stock in a transaction that occurred on 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 of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this link. 3.26% of the stock is currently owned by insiders.

Evergy 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.