Teacher Retirement System of Texas Purchases 82,974 Shares of Evergy Inc. (NASDAQ:EVRG)

Teacher Retirement System of Texas boosted its stake in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 254.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,589 shares of the company's stock after buying an additional 82,974 shares during the period. Teacher Retirement System of Texas owned approximately 0.05% of Evergy worth $7,970,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Evergy by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 30,665,885 shares of the company's stock valued at $1,887,485,000 after buying an additional 221,086 shares in the last quarter. Franklin Resources Inc. increased its position in Evergy by 2.3% during the 4th quarter. Franklin Resources Inc. now owns 5,660,930 shares of the company's stock valued at $348,430,000 after buying an additional 128,211 shares in the last quarter. Geode Capital Management LLC increased its position in Evergy by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 5,637,257 shares of the company's stock valued at $346,063,000 after buying an additional 133,641 shares in the last quarter. American Century Companies Inc. increased its position in Evergy by 3.8% during the 4th quarter. American Century Companies Inc. now owns 3,555,122 shares of the company's stock valued at $218,818,000 after buying an additional 130,804 shares in the last quarter. Finally, Federated Hermes Inc. increased its position in Evergy by 2.2% during the 4th quarter. Federated Hermes Inc. now owns 3,434,216 shares of the company's stock valued at $211,376,000 after buying an additional 73,066 shares in the last quarter. Institutional investors own 87.24% of the company's stock.

Evergy Stock Up 0.2%

Shares of Evergy stock traded up $0.13 on Wednesday, reaching $68.81. The company's stock had a trading volume of 2,232,402 shares, compared to its average volume of 2,074,353. The company has a market capitalization of $15.83 billion, a price-to-earnings ratio of 18.11, a P/E/G ratio of 2.99 and a beta of 0.50. The firm's fifty day simple moving average is $67.34 and its two-hundred day simple moving average is $66.16. Evergy Inc. has a 52 week low of $53.25 and a 52 week high of $70.36. The company has a quick ratio of 0.29, a current ratio of 0.55 and a debt-to-equity ratio of 1.24.

Evergy (NASDAQ:EVRG - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.12). Evergy had a return on equity of 8.84% and a net margin of 14.87%. The firm had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the firm earned $0.54 EPS. Equities analysts anticipate that Evergy Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Friday, May 23rd were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 3.88%. The ex-dividend date was Friday, May 23rd. Evergy's payout ratio is currently 70.26%.

Wall Street Analyst Weigh In

EVRG has been the subject of a number of analyst reports. Barclays reduced their price objective on Evergy from $73.00 to $71.00 and set an "overweight" rating for the company in a research report on Friday, May 30th. BMO Capital Markets initiated coverage on Evergy in a research report on Tuesday, May 13th. They set an "outperform" rating and a $75.00 price objective for the company. Citigroup lifted their target price on Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a report on Friday, May 16th. UBS Group raised Evergy from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $68.00 to $78.00 in a report on Monday, April 28th. Finally, Jefferies Financial Group set a $78.00 target price on Evergy and gave the stock a "buy" rating in a report on Tuesday, June 10th. 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 company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $73.19.

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.