Rockefeller Capital Management L.P. Acquires 6,344 Shares of Evergy Inc. $EVRG

Rockefeller Capital Management L.P. lifted its holdings in Evergy Inc. (NASDAQ:EVRG) by 136.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,007 shares of the company’s stock after acquiring an additional 6,344 shares during the period. Rockefeller Capital Management L.P.’s holdings in Evergy were worth $798,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Allspring Global Investments Holdings LLC raised its stake in Evergy by 0.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 24,981 shares of the company’s stock worth $1,826,000 after purchasing an additional 140 shares in the last quarter. Hilltop Holdings Inc. grew its position in shares of Evergy by 1.6% during the 4th quarter. Hilltop Holdings Inc. now owns 8,990 shares of the company’s stock worth $652,000 after purchasing an additional 142 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in shares of Evergy by 0.3% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 46,972 shares of the company’s stock worth $3,571,000 after purchasing an additional 145 shares in the last quarter. Modern Wealth Management LLC grew its position in shares of Evergy by 1.9% during the 3rd quarter. Modern Wealth Management LLC now owns 7,926 shares of the company’s stock worth $603,000 after purchasing an additional 148 shares in the last quarter. Finally, Composition Wealth LLC increased its holdings in shares of Evergy by 3.9% during the fourth quarter. Composition Wealth LLC now owns 3,920 shares of the company’s stock worth $284,000 after purchasing an additional 148 shares during the period. 87.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on EVRG shares. Weiss Ratings upgraded shares of Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Barclays increased their price target on Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a research report on Tuesday. Bank of America lowered their price objective on Evergy from $89.00 to $88.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. BTIG Research assumed coverage on Evergy in a report on Thursday, April 9th. They issued a “buy” rating and a $99.00 price objective for the company. Finally, Wells Fargo & Company set a $87.00 target price on Evergy in a research report on Tuesday, April 21st. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Evergy has an average rating of “Moderate Buy” and an average price target of $90.10.

Insider Activity at Evergy

In other Evergy news, EVP Charles A. Caisley sold 10,787 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $83.46, for a total transaction of $900,283.02. Following the sale, the executive vice president owned 37,789 shares of the company’s stock, valued at approximately $3,153,869.94. The trade was a 22.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sandra Aj Lawrence sold 761 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $83.31, for a total transaction of $63,398.91. Following the transaction, the director owned 1,680 shares of the company’s stock, valued at $139,960.80. This trade represents a 31.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 12,748 shares of company stock valued at $1,061,870. 1.52% of the stock is owned by insiders.

Evergy Stock Performance

Evergy stock opened at $88.13 on Friday. Evergy Inc. has a 12-month low of $67.30 and a 12-month high of $88.18. The company has a quick ratio of 0.24, a current ratio of 0.45 and a debt-to-equity ratio of 1.29. The business’s 50-day moving average price is $83.27 and its two-hundred day moving average price is $80.29. The stock has a market cap of $20.31 billion, a PE ratio of 23.38, a P/E/G ratio of 2.29 and a beta of 0.54.

Evergy (NASDAQ:EVRG) last posted its earnings results on Wednesday, May 6th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. Evergy had a net margin of 14.63% and a return on equity of 9.09%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, analysts expect that Evergy Inc. will post 4.25 earnings per share for the current fiscal year.

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, May 22nd were given a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Friday, May 22nd. Evergy’s dividend payout ratio is currently 73.74%.

Evergy Company Profile

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.