Mutual of America Capital Management LLC Purchases 9,178 Shares of Evergy, Inc. (NYSE:EVRG)

Mutual of America Capital Management LLC lifted its stake in shares of Evergy, Inc. (NYSE:EVRG) by 7.8% in the 3rd quarter, Holdings Channel reports. The fund owned 126,648 shares of the company’s stock after acquiring an additional 9,178 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Evergy were worth $7,853,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in EVRG. Fairscale Capital LLC bought a new stake in shares of Evergy during the second quarter worth $27,000. Hexagon Capital Partners LLC increased its position in shares of Evergy by 47.1% during the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock worth $33,000 after acquiring an additional 170 shares in the last quarter. Rothschild Investment LLC acquired a new position in Evergy during the second quarter worth $37,000. Hantz Financial Services Inc. acquired a new position in Evergy during the second quarter worth $41,000. Finally, Benjamin Edwards Inc. boosted its holdings in Evergy by 47.8% during the second quarter. Benjamin Edwards Inc. now owns 856 shares of the company’s stock worth $45,000 after purchasing an additional 277 shares during the last quarter. Institutional investors own 87.24% of the company’s stock.

Insider Buying and Selling at Evergy

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total value of $3,029,513.13. Following the transaction, the executive vice president now directly owns 1 shares of the company’s stock, valued at $62.93. This trade represents a 100.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Heather A. Humphrey sold 3,347 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total transaction of $196,803.60. Following the completion of the transaction, the senior vice president now directly owns 35,314 shares in the company, valued at approximately $2,076,463.20. This represents a 8.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 60,724 shares of company stock valued at $3,777,059 in the last ninety days. 0.47% of the stock is currently owned by company insiders.

Evergy Price Performance

NYSE:EVRG opened at $63.87 on Tuesday. Evergy, Inc. has a 52 week low of $48.04 and a 52 week high of $64.14. The firm has a market cap of $14.69 billion, a price-to-earnings ratio of 17.26, a P/E/G ratio of 2.84 and a beta of 0.62. The firm’s 50-day simple moving average is $61.20 and its 200 day simple moving average is $57.63. 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 (NYSE:EVRG) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.07. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period last year, the firm earned $1.88 earnings per share. Evergy’s revenue for the quarter was up 8.5% compared to the same quarter last year. As a group, sell-side analysts predict that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 21st will be issued a $0.6675 dividend. This is a positive change from Evergy’s previous quarterly dividend of $0.64. This represents a $2.67 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Thursday, November 21st. Evergy’s dividend payout ratio (DPR) is currently 72.16%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Wells Fargo & Company increased their price target on shares of Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Barclays cut their price target on shares of Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. Jefferies Financial Group assumed coverage on shares of Evergy in a research note on Thursday, September 19th. They issued a “buy” rating and a $70.00 price target for the company. 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 target for the company. Finally, UBS Group upgraded shares of 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 assigned a buy rating to the stock. According to data from MarketBeat, the stock 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.