Evergy, Inc. (NASDAQ:EVRG) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of Evergy, Inc. (NASDAQ:EVRG) by 13.9% in the 4th quarter, Holdings Channel reports. The fund owned 2,177,465 shares of the company’s stock after selling 350,112 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Evergy were worth $134,033,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Empowered Funds LLC purchased a new position in Evergy in the third quarter valued at about $226,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Evergy during the 3rd quarter valued at approximately $281,000. PNC Financial Services Group Inc. boosted its stake in shares of Evergy by 25.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 64,388 shares of the company’s stock valued at $3,993,000 after buying an additional 13,036 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Evergy by 6.1% during the third quarter. Advisors Asset Management Inc. now owns 23,182 shares of the company’s stock worth $1,438,000 after buying an additional 1,327 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Evergy by 42.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,135,011 shares of the company’s stock worth $132,392,000 after buying an additional 634,735 shares during the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on EVRG shares. UBS Group raised their price objective on shares of Evergy from $66.00 to $68.00 and gave the stock a “neutral” rating in a report on Friday. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Barclays boosted their price objective on Evergy from $62.00 to $72.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Finally, LADENBURG THALM/SH SH raised Evergy to a “strong-buy” rating in a report on Monday, March 17th. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Evergy currently has a consensus rating of “Buy” and a consensus target price of $68.36.

Evergy Stock Performance

Shares of NASDAQ EVRG opened at $67.51 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The firm’s 50-day moving average price is $65.86 and its two-hundred day moving average price is $63.15. Evergy, Inc. has a 52-week low of $49.55 and a 52-week high of $69.93. The stock has a market capitalization of $15.53 billion, a P/E ratio of 18.25, a P/E/G ratio of 2.82 and a beta of 0.62.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Thursday, February 27th. The company reported $0.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.11). The company had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.24 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. As a group, sell-side analysts forecast that Evergy, Inc. will post 3.83 earnings per share for the current year.

Evergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 10th were given a dividend of $0.6675 per share. The ex-dividend date was Monday, March 10th. This represents a $2.67 annualized dividend and a dividend yield of 3.95%. Evergy’s dividend payout ratio is currently 70.45%.

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.