Evergy Inc. $EVRG Holdings Boosted by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG increased its Evergy stake by 1,560.8% in Q4 to 75,133 shares, valued at about $5.45 million per the latest SEC filing.
• Analysts give Evergy a consensus "Moderate Buy" rating with an average price target of $89.30, following several upgrades and raised targets from firms including Barclays, UBS and Wells Fargo.
• Insiders sold 8,937 shares (~$736,492) over the past three months while Evergy pays a quarterly dividend of $0.695 (annualized $2.78) for a yield of about 3.4% and insiders retain 1.52% ownership.

B. Metzler seel. Sohn & Co. AG lifted its holdings in Evergy Inc. (NASDAQ:EVRG - Free Report) by 1,560.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,133 shares of the company's stock after buying an additional 70,609 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Evergy were worth $5,446,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Synergy Asset Management LLC grew its holdings in shares of Evergy by 100.0% during the 3rd quarter. Synergy Asset Management LLC now owns 148,940 shares of the company's stock valued at $11,322,000 after acquiring an additional 74,470 shares in the last quarter. Caprock Group LLC purchased a new position in shares of Evergy during the 3rd quarter valued at $1,482,000. ANTIPODES PARTNERS Ltd purchased a new position in shares of Evergy during the 3rd quarter valued at $72,860,000. Oppenheimer Asset Management Inc. grew its holdings in shares of Evergy by 9.9% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 209,307 shares of the company's stock valued at $15,912,000 after acquiring an additional 18,783 shares in the last quarter. Finally, iA Global Asset Management Inc. grew its holdings in shares of Evergy by 207.0% during the 3rd quarter. iA Global Asset Management Inc. now owns 22,624 shares of the company's stock valued at $1,720,000 after acquiring an additional 15,254 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company's stock.

Wall Street Analyst Weigh In

EVRG has been the topic of several research analyst reports. Barclays boosted their price target on shares of Evergy from $82.00 to $89.00 and gave the company an "overweight" rating in a report on Monday, March 9th. UBS Group cut shares of Evergy from a "buy" rating to a "neutral" rating and boosted their price target for the company from $86.00 to $88.00 in a report on Friday, February 13th. Weiss Ratings restated a "buy (b-)" rating on shares of Evergy in a report on Monday, December 29th. Wall Street Zen upgraded shares of Evergy from a "sell" rating to a "hold" rating in a report on Saturday, February 21st. Finally, Wells Fargo & Company set a $87.00 price target on shares of Evergy in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $89.30.

Insider Buying and Selling

In related news, Director Ann D. Murtlow sold 2,847 shares of the company's stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $82.34, for a total value of $234,421.98. Following the completion of the sale, the director directly owned 2,311 shares in the company, valued at approximately $190,287.74. This represents a 55.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Charles L. King sold 2,440 shares of the company's stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $82.19, for a total transaction of $200,543.60. Following the completion of the sale, the senior vice president owned 18,359 shares of the company's stock, valued at $1,508,926.21. This represents a 11.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 8,937 shares of company stock worth $736,492. Corporate insiders own 1.52% of the company's stock.

Evergy Trading Up 2.8%

Shares of NASDAQ:EVRG opened at $81.89 on Friday. The stock has a market capitalization of $18.86 billion, a PE ratio of 22.31, a P/E/G ratio of 2.06 and a beta of 0.61. Evergy Inc. has a 1 year low of $63.29 and a 1 year high of $85.27. The firm has a fifty day moving average price of $82.01 and a 200 day moving average price of $77.97. The company has a current ratio of 0.49, a quick ratio of 0.27 and a debt-to-equity ratio of 1.27.

Evergy (NASDAQ:EVRG - Get Free Report) last issued its quarterly earnings data on Saturday, January 31st. The company reported $0.42 earnings per share (EPS) for the quarter. Evergy had a net margin of 14.35% and a return on equity of 8.79%. Analysts expect that Evergy Inc. will post 4.26 EPS for the current fiscal year.

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 10th were issued a $0.695 dividend. The ex-dividend date was Tuesday, March 10th. This represents a $2.78 dividend on an annualized basis and a yield of 3.4%. Evergy's dividend payout ratio is currently 75.75%.

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.

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