Harvest Portfolios Group Inc. Has $9.55 Million Holdings in Evergy Inc. $EVRG

Harvest Portfolios Group Inc. increased its stake in shares of Evergy Inc. (NASDAQ:EVRG) by 9.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 125,569 shares of the company’s stock after acquiring an additional 10,778 shares during the period. Harvest Portfolios Group Inc. owned about 0.05% of Evergy worth $9,546,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Magellan Asset Management Ltd raised its stake in shares of Evergy by 1,418.7% in the 2nd quarter. Magellan Asset Management Ltd now owns 2,364,493 shares of the company’s stock valued at $162,985,000 after purchasing an additional 2,208,799 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Evergy by 346.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,046,787 shares of the company’s stock worth $155,597,000 after buying an additional 1,588,100 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Evergy by 969.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,329,424 shares of the company’s stock valued at $101,063,000 after buying an additional 1,205,101 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in Evergy in the 3rd quarter valued at approximately $72,860,000. Finally, Truist Financial Corp lifted its stake in Evergy by 169.2% in the 3rd quarter. Truist Financial Corp now owns 1,438,958 shares of the company’s stock valued at $109,390,000 after acquiring an additional 904,400 shares in the last quarter. 87.24% of the stock is owned by institutional investors.

Insider Buying and Selling at Evergy

In related news, Director Ann D. Murtlow sold 2,847 shares of the stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $82.34, for a total value of $234,421.98. Following the sale, the director owned 2,311 shares in the company, valued at approximately $190,287.74. This represents a 55.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.42% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Evergy from $79.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. UBS Group cut shares of Evergy from a “buy” rating to a “neutral” rating and increased their target price for the stock from $86.00 to $88.00 in a report on Friday, February 13th. Mizuho set a $82.00 target price on shares of Evergy in a research report on Monday. Royal Bank Of Canada reissued an “outperform” rating and set a $91.00 price target on shares of Evergy in a research report on Friday, January 23rd. Finally, Wall Street Zen upgraded Evergy from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $86.88.

Evergy Stock Performance

Shares of EVRG opened at $83.66 on Friday. The company has a market cap of $19.27 billion, a PE ratio of 22.80, a price-to-earnings-growth ratio of 3.29 and a beta of 0.66. The firm has a 50-day moving average of $76.67 and a 200-day moving average of $75.41. Evergy Inc. has a one year low of $61.94 and a one year high of $84.08. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.49 and a quick ratio of 0.27.

Evergy (NASDAQ:EVRG) last issued its earnings results on Saturday, January 31st. The company reported $0.42 earnings per share (EPS) for the quarter. Evergy had a net margin of 14.35% and a return on equity of 8.79%. As a group, equities analysts forecast that Evergy Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th will be paid a dividend of $0.695 per share. This represents a $2.78 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Tuesday, March 10th. Evergy’s payout ratio is currently 75.75%.

About Evergy

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.