2,123,156 Shares in Evergy, Inc. (NYSE:EVRG) Purchased by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC purchased a new position in shares of Evergy, Inc. (NYSE:EVRG) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,123,156 shares of the company’s stock, valued at approximately $112,464,000. Evergy makes up approximately 1.3% of Manning & Napier Advisors LLC’s holdings, making the stock its 23rd largest position. Manning & Napier Advisors LLC owned 0.92% of Evergy at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CTC Alternative Strategies Ltd. acquired a new position in Evergy during the 4th quarter valued at about $1,121,000. OLD Republic International Corp lifted its position in Evergy by 31.7% during the 4th quarter. OLD Republic International Corp now owns 830,246 shares of the company’s stock valued at $43,339,000 after purchasing an additional 200,000 shares during the period. State Board of Administration of Florida Retirement System lifted its position in Evergy by 11.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 316,455 shares of the company’s stock valued at $16,892,000 after purchasing an additional 31,985 shares during the period. APG Asset Management US Inc. acquired a new position in Evergy during the 4th quarter valued at about $2,057,000. Finally, Vanguard Group Inc. lifted its position in Evergy by 4.8% during the 4th quarter. Vanguard Group Inc. now owns 30,757,415 shares of the company’s stock valued at $1,605,537,000 after purchasing an additional 1,399,199 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Stock Down 0.5 %

Shares of NYSE EVRG traded down $0.31 during midday trading on Friday, hitting $58.69. 1,878,964 shares of the stock traded hands, compared to its average volume of 2,180,559. The company has a market cap of $13.49 billion, a PE ratio of 19.09, a P/E/G ratio of 3.11 and a beta of 0.60. Evergy, Inc. has a one year low of $46.92 and a one year high of $61.14. The business has a 50 day moving average price of $54.67 and a two-hundred day moving average price of $52.80. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.32 and a current ratio of 0.57.

Evergy (NYSE:EVRG) last announced its quarterly earnings results on Friday, August 9th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.01. Evergy had a return on equity of 8.32% and a net margin of 12.84%. During the same quarter in the prior year, the company earned $0.81 earnings per share. On average, equities analysts predict that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Tuesday, August 20th will be given a $0.6425 dividend. This represents a $2.57 annualized dividend and a yield of 4.38%. Evergy’s dividend payout ratio is currently 83.17%.

Wall Street Analysts Forecast Growth

EVRG has been the subject of a number of recent analyst reports. Barclays upped their price target on Evergy from $56.00 to $61.00 and gave the company an “overweight” rating in a research note on Tuesday, May 14th. Wells Fargo & Company upped their price target on Evergy from $57.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Evergy has an average rating of “Moderate Buy” and an average target price of $57.83.

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.