Amica Mutual Insurance Co. Sells 67,994 Shares of Evergy, Inc. (NYSE:EVRG)

Amica Mutual Insurance Co. cut its holdings in shares of Evergy, Inc. (NYSE:EVRG) by 85.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,632 shares of the company’s stock after selling 67,994 shares during the period. Amica Mutual Insurance Co.’s holdings in Evergy were worth $607,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EVRG. Van ECK Associates Corp boosted its position in Evergy by 52.0% during the 4th quarter. Van ECK Associates Corp now owns 79,181 shares of the company’s stock valued at $4,133,000 after acquiring an additional 27,088 shares in the last quarter. Gilbert & Cook Inc. grew its stake in Evergy by 4.7% in the fourth quarter. Gilbert & Cook Inc. now owns 7,008 shares of the company’s stock worth $366,000 after purchasing an additional 317 shares during the period. Transcend Capital Advisors LLC bought a new position in Evergy in the fourth quarter worth $418,000. Headlands Technologies LLC lifted its position in Evergy by 207.9% during the fourth quarter. Headlands Technologies LLC now owns 40,009 shares of the company’s stock valued at $2,088,000 after buying an additional 27,016 shares during the period. Finally, Syon Capital LLC bought a new stake in shares of Evergy during the 4th quarter valued at $241,000. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on EVRG shares. Barclays increased their price target on shares of Evergy from $54.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, March 14th. Bank of America upgraded shares of Evergy from a “neutral” rating to a “buy” rating and lifted their target price for the company from $51.00 to $57.00 in a report on Wednesday, March 13th. LADENBURG THALM/SH SH initiated coverage on Evergy in a research report on Thursday, April 4th. They set a “neutral” rating and a $51.00 price objective for the company. Citigroup began coverage on Evergy in a report on Tuesday, March 26th. They issued a “buy” rating and a $64.00 target price on the stock. Finally, Wells Fargo & Company reduced their price target on Evergy from $60.00 to $57.00 and set an “overweight” rating for the company in a report on Friday, March 1st. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Evergy currently has a consensus rating of “Moderate Buy” and an average price target of $56.00.

Evergy Stock Up 2.1 %

EVRG traded up $1.06 during trading on Monday, hitting $52.75. 2,010,700 shares of the company’s stock traded hands, compared to its average volume of 2,524,806. The stock has a market capitalization of $12.12 billion, a price-to-earnings ratio of 16.59, a PEG ratio of 2.69 and a beta of 0.57. The company’s 50 day simple moving average is $51.39 and its two-hundred day simple moving average is $51.02. Evergy, Inc. has a 12-month low of $46.92 and a 12-month high of $63.39. The company has a current ratio of 0.51, a quick ratio of 0.29 and a debt-to-equity ratio of 1.14.

Evergy (NYSE:EVRG) last released its quarterly earnings data on Thursday, February 29th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.30 by ($0.03). Evergy had a net margin of 13.28% and a return on equity of 8.47%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same period last year, the business earned $0.30 earnings per share. Analysts predict that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were given a dividend of $0.6425 per share. The ex-dividend date was Friday, March 8th. This represents a $2.57 dividend on an annualized basis and a yield of 4.87%. Evergy’s dividend payout ratio (DPR) is 80.82%.

About Evergy

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.