Redpoint Investment Management Pty Ltd Increases Stock Holdings in Evergy, Inc. (NYSE:EVRG)
Redpoint Investment Management Pty Ltd boosted its stake in Evergy, Inc. (NYSE:EVRG) by 11.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,767 shares of the company’s stock after purchasing an additional 4,040 shares during the quarter. Redpoint Investment Management Pty Ltd’s holdings in Evergy were worth $2,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in EVRG. Magellan Asset Management Ltd raised its stake in Evergy by 1,216.5% in the third quarter. Magellan Asset Management Ltd now owns 2,502,954 shares of the company’s stock valued at $127,200,000 after purchasing an additional 2,312,838 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in Evergy by 419.6% during the third quarter. BNP Paribas Arbitrage SA now owns 2,480,634 shares of the company’s stock valued at $126,066,000 after acquiring an additional 2,003,225 shares during the last quarter. Federated Hermes Inc. grew its position in Evergy by 4,008.6% during the third quarter. Federated Hermes Inc. now owns 1,220,906 shares of the company’s stock valued at $62,046,000 after acquiring an additional 1,191,190 shares during the last quarter. LSV Asset Management grew its position in Evergy by 198.8% during the third quarter. LSV Asset Management now owns 1,761,400 shares of the company’s stock valued at $89,514,000 after acquiring an additional 1,171,825 shares during the last quarter. Finally, Epoch Investment Partners Inc. grew its position in Evergy by 467.0% during the third quarter. Epoch Investment Partners Inc. now owns 1,419,912 shares of the company’s stock valued at $72,159,000 after acquiring an additional 1,169,494 shares during the last quarter. 79.54% of the stock is currently owned by institutional investors and hedge funds.
In other Evergy news, SVP Charles A. Caisley sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 11th. The stock was sold at an average price of $57.94, for a total value of $57,940.00. Corporate insiders own 0.50% of the company’s stock.
Evergy (NYSE:EVRG) last released its quarterly earnings results on Thursday, November 5th. The company reported $1.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.16. Evergy had a return on equity of 8.32% and a net margin of 12.75%. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the prior year, the firm posted $1.57 EPS. Research analysts anticipate that Evergy, Inc. will post 3.1 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 21st. Shareholders of record on Friday, November 20th were given a $0.535 dividend. This represents a $2.14 annualized dividend and a yield of 3.94%. The ex-dividend date was Thursday, November 19th. This is an increase from Evergy’s previous quarterly dividend of $0.51. Evergy’s dividend payout ratio is 74.05%.
EVRG has been the topic of a number of recent research reports. BidaskClub cut shares of Evergy from a “hold” rating to a “sell” rating in a research report on Wednesday, December 23rd. Wells Fargo & Company upgraded shares of Evergy from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $58.00 to $60.00 in a report on Thursday, October 15th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $66.90.
Evergy Company Profile
Evergy, Inc, through its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Kansas and Missouri. It generates electricity through coal, nuclear, natural gas and oil, uranium, wind, hydroelectric, landfill gas, and solar energy sources, as well as other renewable sources.
Further Reading: Market Perform
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