Russell Investments Group Ltd. Has $53.13 Million Stake in Evergy Inc. $EVRG

Russell Investments Group Ltd. lifted its position in shares of Evergy Inc. (NASDAQ:EVRG) by 9.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 698,978 shares of the company’s stock after purchasing an additional 62,996 shares during the quarter. Russell Investments Group Ltd.’s holdings in Evergy were worth $53,129,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Massachusetts Financial Services Co. MA boosted its holdings in shares of Evergy by 346.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,046,787 shares of the company’s stock worth $155,597,000 after acquiring an additional 1,588,100 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Evergy by 969.3% during the third quarter. Assenagon Asset Management S.A. now owns 1,329,424 shares of the company’s stock worth $101,063,000 after purchasing an additional 1,205,101 shares during the period. ANTIPODES PARTNERS Ltd acquired a new stake in Evergy during the 3rd quarter worth approximately $72,860,000. Truist Financial Corp boosted its stake in Evergy by 169.2% in the 3rd quarter. Truist Financial Corp now owns 1,438,958 shares of the company’s stock valued at $109,390,000 after purchasing an additional 904,400 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its stake in Evergy by 44.4% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,470,917 shares of the company’s stock valued at $170,320,000 after purchasing an additional 760,301 shares during the period. 87.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Evergy

In related news, Director Ann D. Murtlow sold 2,847 shares of the stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $82.34, for a total transaction of $234,421.98. Following the sale, the director owned 2,311 shares in the company, valued at approximately $190,287.74. This trade represents a 55.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.42% of the company’s stock.

Evergy Price Performance

Shares of NASDAQ EVRG opened at $81.93 on Wednesday. The business has a fifty day moving average price of $78.16 and a two-hundred day moving average price of $75.99. The stock has a market capitalization of $18.87 billion, a PE ratio of 22.32, a P/E/G ratio of 3.30 and a beta of 0.65. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.49 and a quick ratio of 0.27. Evergy Inc. has a fifty-two week low of $61.94 and a fifty-two week high of $85.23.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Saturday, January 31st. The company reported $0.42 EPS for the quarter. Evergy had a return on equity of 8.79% and a net margin of 14.35%. As a group, equities analysts predict that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, March 10th. Evergy’s dividend payout ratio is 75.75%.

Analysts Set New Price Targets

EVRG has been the topic of several recent research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Evergy in a research report on Monday, December 29th. Wall Street Zen raised shares of Evergy from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Wells Fargo & Company upped their price target on shares of Evergy from $79.00 to $83.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. Barclays raised their price target on shares of Evergy from $82.00 to $89.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Mizuho set a $82.00 price objective on shares of Evergy in a research note on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $87.75.

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.