CHURCHILL MANAGEMENT Corp Buys 8,339 Shares of Evergy, Inc. (NASDAQ:EVRG)

CHURCHILL MANAGEMENT Corp raised its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 127,530 shares of the company’s stock after acquiring an additional 8,339 shares during the period. CHURCHILL MANAGEMENT Corp owned approximately 0.06% of Evergy worth $7,849,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. HighTower Advisors LLC grew its holdings in Evergy by 391.1% during the 3rd quarter. HighTower Advisors LLC now owns 97,186 shares of the company’s stock valued at $6,030,000 after purchasing an additional 77,398 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Evergy by 13.2% during the second quarter. Envestnet Asset Management Inc. now owns 307,797 shares of the company’s stock valued at $16,304,000 after buying an additional 35,940 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Evergy by 60.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 44,024 shares of the company’s stock valued at $2,332,000 after buying an additional 16,619 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Evergy by 34.0% in the third quarter. BNP Paribas Financial Markets now owns 945,148 shares of the company’s stock worth $58,609,000 after buying an additional 239,599 shares during the period. Finally, Bank of Montreal Can lifted its stake in shares of Evergy by 29.1% during the 3rd quarter. Bank of Montreal Can now owns 997,832 shares of the company’s stock worth $61,806,000 after acquiring an additional 224,679 shares during the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Jefferies Financial Group assumed coverage on Evergy in a research report on Thursday, September 19th. They issued a “buy” rating and a $70.00 price objective on the stock. UBS Group raised shares of Evergy to a “hold” rating in a research note on Wednesday, September 18th. Mizuho assumed coverage on shares of Evergy in a research report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price objective for the company. Barclays reduced their target price on shares of Evergy from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Finally, Wells Fargo & Company boosted their price target on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.06.

Evergy Stock Up 0.8 %

Evergy stock opened at $61.68 on Thursday. Evergy, Inc. has a twelve month low of $48.04 and a twelve month high of $65.47. The business has a fifty day moving average of $62.40 and a two-hundred day moving average of $60.06. The firm has a market cap of $14.18 billion, a P/E ratio of 16.67, a P/E/G ratio of 2.75 and a beta of 0.64. 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 quarterly earnings data on Thursday, November 7th. The company reported $2.02 earnings per share for the quarter, topping 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 firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the prior year, the business posted $1.88 EPS. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. On average, analysts forecast that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.33%. The ex-dividend date was Thursday, November 21st. This is a positive change from Evergy’s previous quarterly dividend of $0.64. Evergy’s dividend payout ratio is currently 72.16%.

Insider Transactions at Evergy

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $62.93, for a total value of $3,029,513.13. Following the completion of the sale, the executive vice president now directly owns 1 shares in the company, valued at approximately $62.93. This trade represents a 100.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.47% of the company’s stock.

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.