MassMutual Private Wealth & Trust FSB Has $221,000 Stock Holdings in Evergy, Inc. (NASDAQ:EVRG)

MassMutual Private Wealth & Trust FSB lowered its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 28.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,586 shares of the company’s stock after selling 1,421 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Evergy were worth $221,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Pathway Financial Advisers LLC grew its stake in Evergy by 6,854.6% during the third quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company’s stock worth $157,443,000 after buying an additional 2,502,493 shares during the last quarter. Mizuho Securities USA LLC grew its position in Evergy by 7,234.3% during the 3rd quarter. Mizuho Securities USA LLC now owns 1,300,000 shares of the company’s stock worth $80,613,000 after acquiring an additional 1,282,275 shares during the last quarter. FMR LLC increased its holdings in Evergy by 131.4% during the 3rd quarter. FMR LLC now owns 2,004,414 shares of the company’s stock valued at $124,294,000 after purchasing an additional 1,138,138 shares in the last quarter. Millennium Management LLC raised its position in Evergy by 38.6% in the 2nd quarter. Millennium Management LLC now owns 3,683,000 shares of the company’s stock valued at $195,089,000 after purchasing an additional 1,026,374 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Evergy by 147.8% in the second quarter. AQR Capital Management LLC now owns 1,193,382 shares of the company’s stock worth $63,213,000 after purchasing an additional 711,785 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EVRG. Mizuho started coverage on Evergy in a research note on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 target price for the company. Barclays lowered their price objective on shares of Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. LADENBURG THALM/SH SH upgraded shares of Evergy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $59.00 to $68.50 in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company raised their price target on shares of Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $65.79.

Insider Activity

In related news, EVP Kevin E. Bryant sold 48,141 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the completion of the transaction, the executive vice president now owns 1 shares in the company, valued at approximately $62.93. The trade was a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.26% of the stock is currently owned by company insiders.

Evergy Trading Down 1.2 %

Shares of NASDAQ EVRG opened at $62.87 on Thursday. Evergy, Inc. has a fifty-two week low of $48.04 and a fifty-two week high of $65.47. The firm has a market capitalization of $14.46 billion, a P/E ratio of 16.99, a P/E/G ratio of 2.76 and a beta of 0.64. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. The company’s 50 day simple moving average is $62.45 and its 200 day simple moving average is $60.44.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.02 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.07. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the prior year, the business posted $1.88 EPS. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. On average, analysts predict that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, November 21st were given a dividend of $0.6675 per share. This is a positive change from Evergy’s previous quarterly dividend of $0.64. This represents a $2.67 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend was Thursday, November 21st. Evergy’s payout ratio is presently 72.16%.

About Evergy

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.