Panagora Asset Management Inc. trimmed its stake in Evergy, Inc. (NYSE:EVRG) by 19.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 79,991 shares of the company’s stock after selling 19,044 shares during the quarter. Panagora Asset Management Inc.’s holdings in Evergy were worth $4,834,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Texas Permanent School Fund grew its holdings in shares of Evergy by 0.5% in the 2nd quarter. Texas Permanent School Fund now owns 38,088 shares of the company’s stock worth $2,302,000 after acquiring an additional 192 shares during the last quarter. FineMark National Bank & Trust grew its holdings in shares of Evergy by 0.3% in the 1st quarter. FineMark National Bank & Trust now owns 69,147 shares of the company’s stock worth $4,116,000 after acquiring an additional 205 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Evergy by 17.4% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,427 shares of the company’s stock worth $86,000 after acquiring an additional 211 shares during the last quarter. CSat Investment Advisory L.P. grew its holdings in shares of Evergy by 28.2% in the 1st quarter. CSat Investment Advisory L.P. now owns 1,088 shares of the company’s stock worth $65,000 after acquiring an additional 239 shares during the last quarter. Finally, US Bancorp DE grew its holdings in shares of Evergy by 0.7% during the second quarter. US Bancorp DE now owns 35,499 shares of the company’s stock valued at $2,145,000 after buying an additional 244 shares in the last quarter. Institutional investors and hedge funds own 85.80% of the company’s stock.
A number of research analysts have recently weighed in on the company. Seaport Res Ptn reiterated a “buy” rating on shares of Evergy in a report on Wednesday, July 7th. The Goldman Sachs Group upgraded Evergy from a “neutral” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Tuesday, June 15th. Evercore ISI reiterated a “buy” rating and set a $70.00 price target on shares of Evergy in a report on Wednesday. Seaport Global Securities assumed coverage on Evergy in a report on Wednesday, July 7th. They set a “buy” rating and a $68.00 price target on the stock. Finally, Bank of America downgraded Evergy from a “buy” rating to a “neutral” rating and set a $65.00 price target on the stock. in a report on Wednesday, September 15th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Evergy currently has a consensus rating of “Buy” and an average price target of $68.00.
Evergy (NYSE:EVRG) last issued its earnings results on Thursday, August 5th. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.73 by $0.12. Evergy had a return on equity of 8.82% and a net margin of 14.51%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. The business’s quarterly revenue was up 4.3% compared to the same quarter last year. On average, equities analysts anticipate that Evergy, Inc. will post 3.33 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 20th. Shareholders of record on Friday, August 20th were given a $0.535 dividend. The ex-dividend date was Thursday, August 19th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.41%. Evergy’s dividend payout ratio is currently 69.03%.
Evergy Company Profile
Evergy, Inc is a holding company, which engages in the provision of electricity through its subsidiaries. It focuses on the regulation of electric utilities and development of electric transmission projects. The company was founded in 2017 and is headquartered in Kansas City, MO.
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