Mutual of America Capital Management LLC Has $7.42 Million Stock Position in Evergy Inc. $EVRG

Key Points

• Mutual of America Capital Management LLC has reduced its stake in Evergy Inc. by 4.2%, now holding 107,649 shares valued at approximately $7.42 million.
• Equities analysts have given Evergy a consensus rating of "Buy", with price targets ranging from $74.00 to $87.00, indicating positive sentiment towards the stock.
• Evergy recently declared a quarterly dividend of $0.6675 per share, reflecting a dividend yield of 3.4% and a payout ratio of 73.35% for its shareholders.

Mutual of America Capital Management LLC trimmed its stake in Evergy Inc. (NASDAQ:EVRG - Free Report) by 4.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 107,649 shares of the company's stock after selling 4,744 shares during the quarter. Mutual of America Capital Management LLC's holdings in Evergy were worth $7,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new position in Evergy in the 4th quarter worth about $257,000. GAMMA Investing LLC raised its position in shares of Evergy by 19.7% in the first quarter. GAMMA Investing LLC now owns 14,120 shares of the company's stock valued at $974,000 after purchasing an additional 2,326 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Evergy by 9.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 36,263 shares of the company's stock worth $2,500,000 after acquiring an additional 3,014 shares during the last quarter. Guyasuta Investment Advisors Inc. acquired a new stake in Evergy in the 1st quarter valued at approximately $215,000. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Evergy during the 1st quarter valued at $446,000. Institutional investors and hedge funds own 87.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on EVRG shares. Barclays reaffirmed an "outperform" rating on shares of Evergy in a report on Thursday, October 9th. Jefferies Financial Group raised their price target on Evergy from $77.00 to $87.00 and gave the company a "buy" rating in a report on Thursday, October 9th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Evergy in a research report on Wednesday, October 8th. Finally, Mizuho increased their target price on Evergy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $78.07.

Evergy Stock Up 0.9%

Shares of EVRG opened at $78.65 on Tuesday. Evergy Inc. has a 12 month low of $59.23 and a 12 month high of $79.32. The firm's 50 day moving average is $73.73 and its 200-day moving average is $70.01. The company has a current ratio of 0.50, a quick ratio of 0.27 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $18.10 billion, a PE ratio of 21.61, a P/E/G ratio of 3.61 and a beta of 0.57.

Evergy (NASDAQ:EVRG - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.78 by $0.04. Evergy had a net margin of 14.29% and a return on equity of 8.62%. The company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.45 billion. During the same period in the previous year, the company earned $0.90 EPS. The business's revenue for the quarter was down .7% compared to the same quarter last year. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. Equities research analysts forecast that Evergy Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, August 22nd were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $2.67 annualized dividend and a dividend yield of 3.4%. Evergy's dividend payout ratio (DPR) is presently 73.35%.

Insider Activity at Evergy

In other news, SVP Lesley Lissette Elwell sold 8,000 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $72.33, for a total value of $578,640.00. Following the completion of the sale, the senior vice president owned 499 shares of the company's stock, valued at approximately $36,092.67. This represents a 94.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 1.42% of the company's stock.

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.

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