Nisa Investment Advisors LLC Has $5.48 Million Stock Holdings in Evergy, Inc. (NASDAQ:EVRG)

Nisa Investment Advisors LLC increased its position in Evergy, Inc. (NASDAQ:EVRG) by 20.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 88,957 shares of the company’s stock after buying an additional 14,980 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Evergy were worth $5,475,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in EVRG. Truvestments Capital LLC acquired a new position in Evergy in the 3rd quarter valued at approximately $32,000. Hexagon Capital Partners LLC increased its holdings in Evergy by 47.1% in the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after purchasing an additional 170 shares during the period. Sentry Investment Management LLC bought a new position in Evergy during the 3rd quarter worth $51,000. USA Financial Formulas acquired a new position in Evergy during the 4th quarter worth about $73,000. Finally, Venturi Wealth Management LLC grew its position in shares of Evergy by 230.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company’s stock valued at $86,000 after buying an additional 966 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EVRG has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Guggenheim upgraded shares of Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday. Mizuho assumed coverage on shares of Evergy in a research report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price objective for the company. Barclays cut their price target on shares of Evergy from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Finally, LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $59.00 to $68.50 in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $65.79.

Insider Activity

In related news, EVP Kevin E. Bryant sold 48,141 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total value of $3,029,513.13. Following the transaction, the executive vice president now owns 1 shares of the company’s stock, valued at approximately $62.93. This trade represents a 100.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.47% of the company’s stock.

Evergy Stock Performance

Shares of EVRG opened at $63.52 on Friday. Evergy, Inc. has a one year low of $48.04 and a one year high of $65.47. The company has a market cap of $14.61 billion, a PE ratio of 17.17, a P/E/G ratio of 2.75 and a beta of 0.64. The stock has a 50-day moving average of $62.45 and a 200-day moving average of $60.53. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.07. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The firm had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter last year, the firm posted $1.88 earnings per share. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. On average, equities research analysts predict that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, November 21st were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.20%. This is a positive change from Evergy’s previous quarterly dividend of $0.64. The ex-dividend date was Thursday, November 21st. Evergy’s dividend payout ratio (DPR) is 72.16%.

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.