The Manufacturers Life Insurance Company Has $44.50 Million Stake in Evergy, Inc. (NASDAQ:EVRG)

The Manufacturers Life Insurance Company cut its position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 0.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 723,022 shares of the company's stock after selling 4,381 shares during the quarter. The Manufacturers Life Insurance Company owned 0.31% of Evergy worth $44,502,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Miller Howard Investments Inc. NY increased its position in Evergy by 1.4% in the fourth quarter. Miller Howard Investments Inc. NY now owns 11,741 shares of the company's stock worth $723,000 after buying an additional 162 shares during the period. Quent Capital LLC increased its holdings in shares of Evergy by 4.6% in the 4th quarter. Quent Capital LLC now owns 3,692 shares of the company's stock worth $227,000 after acquiring an additional 163 shares during the period. Mather Group LLC. lifted its position in Evergy by 5.7% in the 4th quarter. Mather Group LLC. now owns 3,231 shares of the company's stock valued at $199,000 after purchasing an additional 173 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its stake in Evergy by 2.5% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 7,322 shares of the company's stock valued at $451,000 after purchasing an additional 182 shares during the period. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of Evergy by 5.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 3,873 shares of the company's stock valued at $238,000 after purchasing an additional 190 shares during the period. Institutional investors and hedge funds own 87.24% of the company's stock.

Evergy Trading Up 0.3 %

Shares of Evergy stock traded up $0.23 on Monday, reaching $69.48. 1,028,344 shares of the company were exchanged, compared to its average volume of 1,945,572. Evergy, Inc. has a fifty-two week low of $52.10 and a fifty-two week high of $70.30. The firm has a market capitalization of $15.98 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 2.82 and a beta of 0.53. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The stock has a fifty day moving average price of $67.40 and a 200-day moving average price of $64.57.

Evergy (NASDAQ:EVRG - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.11). Evergy had a net margin of 14.77% and a return on equity of 8.77%. The firm had revenue of $1.26 billion for the quarter, compared to analysts' expectations of $1.24 billion. On average, analysts expect that Evergy, Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 10th were paid a $0.6675 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.67 annualized dividend and a yield of 3.84%. Evergy's dividend payout ratio is presently 70.45%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EVRG. UBS Group raised Evergy from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $68.00 to $78.00 in a report on Monday, April 28th. Barclays boosted their target price on Evergy from $72.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. Guggenheim upgraded Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Finally, LADENBURG THALM/SH SH raised Evergy to a "strong-buy" rating in a report on Monday, March 17th. Six equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Evergy presently has a consensus rating of "Buy" and a consensus price target of $70.92.

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.