Evergy, Inc. (NYSE:EVRG) Shares Bought by Manning & Napier Group LLC

Manning & Napier Group LLC increased its holdings in Evergy, Inc. (NYSE:EVRG) by 76.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,183,788 shares of the company’s stock after purchasing an additional 947,196 shares during the quarter. Evergy accounts for about 1.4% of Manning & Napier Group LLC’s holdings, making the stock its 19th largest holding. Manning & Napier Group LLC owned 0.95% of Evergy worth $113,994,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Red Tortoise LLC increased its stake in Evergy by 793.5% during the 1st quarter. Red Tortoise LLC now owns 411 shares of the company’s stock worth $25,000 after buying an additional 365 shares in the last quarter. Clear Street Markets LLC increased its stake in Evergy by 92.7% during the 1st quarter. Clear Street Markets LLC now owns 451 shares of the company’s stock worth $28,000 after buying an additional 217 shares in the last quarter. CVA Family Office LLC purchased a new stake in Evergy during the 4th quarter worth approximately $29,000. Pacific Center for Financial Services purchased a new stake in Evergy during the 1st quarter worth approximately $37,000. Finally, Armstrong Advisory Group Inc. increased its stake in Evergy by 57.2% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 632 shares of the company’s stock worth $32,000 after buying an additional 230 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on EVRG shares. Citigroup started coverage on Evergy in a research report on Tuesday. They issued a “buy” rating and a $64.00 price target for the company. Guggenheim lowered Evergy from a “buy” rating to a “neutral” rating and set a $52.00 price target for the company. in a research report on Monday, January 22nd. Bank of America upgraded Evergy from a “neutral” rating to a “buy” rating and upped their price target for the company from $51.00 to $57.00 in a research report on Wednesday, March 13th. Barclays upped their price target on Evergy from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. Finally, Wells Fargo & Company lowered their price objective on Evergy from $60.00 to $57.00 and set an “overweight” rating for the company in a research report on Friday, March 1st. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.00.

Evergy Stock Up 0.6 %

Shares of NYSE EVRG traded up $0.33 during mid-day trading on Friday, hitting $53.38. The company had a trading volume of 2,158,415 shares, compared to its average volume of 2,616,308. The company has a market capitalization of $12.26 billion, a PE ratio of 16.79, a price-to-earnings-growth ratio of 2.44 and a beta of 0.56. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.51 and a quick ratio of 0.29. Evergy, Inc. has a 1-year low of $46.92 and a 1-year high of $63.93. The business’s 50-day simple moving average is $50.55 and its 200 day simple moving average is $50.98.

Evergy (NYSE:EVRG) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.03). The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.46 billion. Evergy had a net margin of 13.28% and a return on equity of 8.47%. During the same quarter in the previous year, the business posted $0.30 earnings per share. On average, analysts predict that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Monday, March 11th were issued a $0.6425 dividend. This represents a $2.57 annualized dividend and a yield of 4.81%. The ex-dividend date of this dividend was Friday, March 8th. Evergy’s dividend payout ratio (DPR) is presently 80.82%.

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.