Robeco Institutional Asset Management B.V. Has $425,000 Holdings in Evergy Inc. $EVRG

Robeco Institutional Asset Management B.V. cut its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 87.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,862 shares of the company’s stock after selling 41,984 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Evergy were worth $425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA increased its holdings in shares of Evergy by 346.2% in 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 in the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Evergy during the third quarter worth about $72,860,000. Truist Financial Corp lifted its holdings in shares of Evergy by 169.2% during 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 in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Evergy by 136.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,003,616 shares of the company’s stock valued at $76,295,000 after purchasing an additional 579,531 shares in the last quarter. Finally, BROOKFIELD Corp ON acquired a new position in shares of Evergy in the 2nd quarter valued at approximately $29,644,000. 87.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on EVRG. BTIG Research initiated coverage on Evergy in a research note on Thursday, April 9th. They set a “buy” rating and a $99.00 target price for the company. Barclays upped 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. BMO Capital Markets increased their price objective on shares of Evergy from $82.00 to $87.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Wall Street Zen upgraded shares of Evergy from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Bank of America cut their price objective on shares of Evergy from $89.00 to $88.00 and set a “buy” rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $88.90.

Evergy Stock Up 0.5%

NASDAQ:EVRG opened at $82.37 on Friday. The stock has a 50-day simple moving average of $81.86 and a 200 day simple moving average of $77.84. Evergy Inc. has a 52-week low of $63.29 and a 52-week high of $85.27. The company has a market cap of $18.97 billion, a PE ratio of 22.44, a PEG ratio of 2.12 and a beta of 0.61. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.27 and a current ratio of 0.49.

Evergy (NASDAQ:EVRG) last released its 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%. On average, sell-side analysts expect that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Dividend Announcement

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

Insider Transactions at Evergy

In related news, SVP Heather A. Humphrey sold 3,650 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $82.61, for a total value of $301,526.50. Following the completion of the transaction, the senior vice president owned 44,007 shares of the company’s stock, valued at approximately $3,635,418.27. This trade represents a 7.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann D. Murtlow sold 2,847 shares of Evergy stock in a transaction 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 completion of the sale, the director owned 2,311 shares in the company, valued at $190,287.74. The trade was a 55.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,937 shares of company stock valued at $736,492 over the last 90 days. 1.52% of the stock is owned by corporate insiders.

Evergy 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.