Evergy Inc. (NASDAQ:EVRG) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC cut its stake in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 13.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,393 shares of the company's stock after selling 18,111 shares during the quarter. Mutual of America Capital Management LLC's holdings in Evergy were worth $7,749,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in EVRG. Sowell Financial Services LLC acquired a new position in shares of Evergy in the first quarter valued at about $267,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Evergy in the fourth quarter valued at approximately $1,728,000. Brighton Jones LLC purchased a new stake in Evergy in the fourth quarter valued at approximately $257,000. Farther Finance Advisors LLC increased its holdings in Evergy by 124.3% in the 1st quarter. Farther Finance Advisors LLC now owns 6,068 shares of the company's stock worth $419,000 after buying an additional 3,363 shares during the period. Finally, GAMMA Investing LLC raised its position in Evergy by 19.7% during the 1st quarter. GAMMA Investing LLC now owns 14,120 shares of the company's stock worth $974,000 after buying an additional 2,326 shares during the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Evergy Price Performance

Shares of Evergy stock traded down $0.38 on Thursday, hitting $72.87. The company's stock had a trading volume of 3,368,161 shares, compared to its average volume of 2,532,348. The company has a market capitalization of $16.77 billion, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 3.20 and a beta of 0.48. Evergy Inc. has a 1 year low of $57.28 and a 1 year high of $73.97. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.29 and a current ratio of 0.55. The firm has a fifty day moving average price of $68.69 and a 200-day moving average price of $67.39.

Evergy (NASDAQ:EVRG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.04. Evergy had a net margin of 14.87% and a return on equity of 8.84%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the firm posted $0.90 earnings per share. The company's revenue was down .7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 3.7%. Evergy's payout ratio is 70.26%.

Wall Street Analyst Weigh In

EVRG has been the topic of several recent research reports. Wall Street Zen downgraded shares of Evergy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Jefferies Financial Group set a $78.00 price target on Evergy and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Barclays decreased their price objective on Evergy from $73.00 to $71.00 and set an "overweight" rating for the company in a report on Friday, May 30th. Mizuho raised their target price on Evergy from $70.00 to $74.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. Finally, Citigroup boosted their price target on Evergy from $77.00 to $79.00 and gave the company a "buy" rating in a report on Friday, May 16th. One analyst has rated the stock with a sell rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $74.06.

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.