Robeco Institutional Asset Management B.V. Decreases Position in Evergy, Inc. (NASDAQ:EVRG)

Robeco Institutional Asset Management B.V. lessened its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 27.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 104,944 shares of the company’s stock after selling 39,807 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Evergy were worth $6,459,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Truvestments Capital LLC bought a new position in shares of Evergy in the 3rd quarter worth approximately $32,000. Hexagon Capital Partners LLC lifted its position in Evergy by 47.1% in the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after acquiring an additional 170 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in shares of Evergy during the third quarter valued at $51,000. USA Financial Formulas purchased a new position in shares of Evergy during the fourth quarter valued at approximately $73,000. Finally, Venturi Wealth Management LLC boosted its stake in shares of Evergy by 230.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company’s stock worth $86,000 after buying an additional 966 shares during the last quarter. 87.24% of the stock is owned by institutional investors.

Evergy Price Performance

Evergy stock opened at $64.17 on Friday. The company’s fifty day moving average price is $62.40 and its 200 day moving average price is $60.91. Evergy, Inc. has a 1 year low of $48.04 and a 1 year high of $65.47. The stock has a market capitalization of $14.76 billion, a P/E ratio of 17.34, a P/E/G ratio of 2.64 and a beta of 0.64. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55.

Evergy (NASDAQ:EVRG) last issued its earnings results 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 for the quarter, compared to analysts’ expectations of $2.35 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.88 EPS. As a group, equities research analysts anticipate that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, November 21st were paid a $0.6675 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This is a boost from Evergy’s previous quarterly dividend of $0.64. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.16%. Evergy’s payout ratio is presently 72.16%.

Insider Transactions at Evergy

In related news, EVP Kevin E. Bryant sold 48,141 shares of Evergy stock in a transaction on Wednesday, November 13th. The shares were 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 $62.93. This trade represents a 100.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on EVRG. Barclays lowered their target price on Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Wells Fargo & Company increased their price objective on shares of Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $59.00 to $68.50 in a research note on Thursday, January 2nd. Finally, Mizuho assumed coverage on Evergy in a report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.36.

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.