Federated Hermes Inc. Has $254.02 Million Holdings in Evergy Inc. $EVRG

Federated Hermes Inc. raised its stake in Evergy Inc. (NASDAQ:EVRG) by 8.7% in the second quarter, Holdings Channel.com reports. The firm owned 3,685,142 shares of the company’s stock after acquiring an additional 293,564 shares during the period. Federated Hermes Inc.’s holdings in Evergy were worth $254,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC bought a new stake in shares of Evergy in the fourth quarter valued at about $257,000. Charles Schwab Investment Management Inc. increased its stake in Evergy by 0.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,174,047 shares of the company’s stock valued at $149,901,000 after acquiring an additional 13,555 shares during the period. Chicago Partners Investment Group LLC raised its holdings in Evergy by 24.4% in the 1st quarter. Chicago Partners Investment Group LLC now owns 10,042 shares of the company’s stock valued at $699,000 after acquiring an additional 1,971 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Evergy by 11.2% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 401,095 shares of the company’s stock valued at $27,656,000 after acquiring an additional 40,249 shares in the last quarter. Finally, Zions Bancorporation National Association UT bought a new stake in shares of Evergy in the 1st quarter worth approximately $48,000. Institutional investors own 87.24% of the company’s stock.

Insider Buying and Selling

In other Evergy news, SVP Lesley Lissette Elwell sold 8,000 shares of the company’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $72.33, for a total transaction of $578,640.00. Following the sale, the senior vice president directly owned 499 shares of the company’s stock, valued at approximately $36,092.67. This represents a 94.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.42% of the stock is currently owned by company insiders.

Evergy Stock Performance

Shares of NASDAQ:EVRG opened at $73.28 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.52 and a quick ratio of 0.30. The business’s fifty day moving average price is $76.79 and its two-hundred day moving average price is $72.25. Evergy Inc. has a fifty-two week low of $59.67 and a fifty-two week high of $79.32. The stock has a market capitalization of $16.87 billion, a price-to-earnings ratio of 20.08, a price-to-earnings-growth ratio of 3.18 and a beta of 0.65.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $2.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.11). Evergy had a net margin of 14.45% and a return on equity of 8.66%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the previous year, the business posted $2.02 earnings per share. The firm’s revenue was down .1% compared to the same quarter last year. As a group, analysts predict that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, November 21st will be issued a dividend of $0.695 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.78 annualized dividend and a yield of 3.8%. This is an increase from Evergy’s previous quarterly dividend of $0.67. Evergy’s payout ratio is 76.16%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wall Street Zen cut Evergy from a “hold” rating to a “sell” rating in a research report on Saturday. Royal Bank Of Canada upgraded shares of Evergy to a “moderate buy” rating in a research note on Tuesday, October 28th. Jefferies Financial Group increased their price objective on shares of Evergy from $77.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Evergy in a report on Thursday. Finally, Citigroup lifted their target price on shares of Evergy from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Monday, November 10th. One investment 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, Evergy presently has an average rating of “Buy” and an average price target of $80.72.

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.