Ontario Teachers Pension Plan Board Boosts Holdings in Evergy Inc. $EVRG

Ontario Teachers Pension Plan Board raised its position in shares of Evergy Inc. (NASDAQ:EVRG) by 76.0% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,154 shares of the company’s stock after acquiring an additional 26,833 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Evergy were worth $4,284,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Clearstead Trust LLC purchased a new position in shares of Evergy during the 1st quarter worth about $32,000. Cary Street Partners Investment Advisory LLC bought a new stake in Evergy in the first quarter worth about $34,000. Investment Management Corp VA ADV boosted its position in shares of Evergy by 168.4% during the first quarter. Investment Management Corp VA ADV now owns 569 shares of the company’s stock valued at $39,000 after buying an additional 357 shares during the period. Bfsg LLC boosted its position in shares of Evergy by 82.2% during the second quarter. Bfsg LLC now owns 665 shares of the company’s stock valued at $46,000 after buying an additional 300 shares during the period. Finally, Zions Bancorporation National Association UT bought a new position in shares of Evergy during the first quarter valued at approximately $48,000. Institutional investors own 87.24% of the company’s stock.

Evergy Trading Up 0.2%

Shares of NASDAQ EVRG opened at $76.47 on Friday. Evergy Inc. has a twelve month low of $59.67 and a twelve month high of $79.32. The firm has a market cap of $17.60 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 3.56 and a beta of 0.61. The business has a fifty day simple moving average of $75.71 and a two-hundred day simple moving average of $71.36. The company has a quick ratio of 0.27, a current ratio of 0.50 and a debt-to-equity ratio of 1.24.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $2.03 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.11). The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Evergy had a net margin of 14.29% and a return on equity of 8.62%. The business’s quarterly revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.02 EPS. Analysts expect that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, November 21st will be issued a $0.695 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.78 annualized dividend and a dividend yield of 3.6%. This is an increase from Evergy’s previous quarterly dividend of $0.67. Evergy’s dividend payout ratio (DPR) is presently 76.16%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on EVRG. Weiss Ratings reissued a “buy (b-)” rating on shares of Evergy in a research note on Wednesday, October 8th. Barclays reiterated an “outperform” rating on shares of Evergy in a research note on Thursday, October 9th. Mizuho boosted their target price on shares of Evergy from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Royal Bank Of Canada upgraded shares of Evergy to a “moderate buy” rating in a report on Tuesday, October 28th. Finally, Wells Fargo & Company raised shares of Evergy to a “hold” rating in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $80.72.

Insider Buying and Selling at Evergy

In related news, SVP Lesley Lissette Elwell sold 8,000 shares of Evergy stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $72.33, for a total transaction of $578,640.00. Following the transaction, the senior vice president directly owned 499 shares of the company’s stock, valued at $36,092.67. This trade represents a 94.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.42% of the company’s stock.

Evergy Company 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.