Amica Mutual Insurance Co. Sells 67,994 Shares of Evergy, Inc. (NYSE:EVRG)

Amica Mutual Insurance Co. trimmed its position in Evergy, Inc. (NYSE:EVRG) by 85.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,632 shares of the company’s stock after selling 67,994 shares during the period. Amica Mutual Insurance Co.’s holdings in Evergy were worth $607,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Evergy by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 29,358,216 shares of the company’s stock worth $1,488,462,000 after purchasing an additional 186,235 shares during the last quarter. Invesco Ltd. raised its stake in Evergy by 5.1% in the 3rd quarter. Invesco Ltd. now owns 5,379,004 shares of the company’s stock worth $272,716,000 after acquiring an additional 261,664 shares during the last quarter. Northern Trust Corp lifted its position in Evergy by 1.4% during the 3rd quarter. Northern Trust Corp now owns 2,958,136 shares of the company’s stock worth $149,977,000 after acquiring an additional 40,916 shares during the period. Federated Hermes Inc. grew its stake in Evergy by 41.3% during the 4th quarter. Federated Hermes Inc. now owns 2,942,415 shares of the company’s stock valued at $153,594,000 after purchasing an additional 860,433 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of Evergy by 11.6% in the third quarter. American Century Companies Inc. now owns 2,670,913 shares of the company’s stock valued at $135,415,000 after purchasing an additional 277,892 shares during the period. 87.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EVRG has been the topic of a number of recent research reports. Barclays upped their target price on Evergy from $54.00 to $55.00 and gave the company an “overweight” rating in a research report on Thursday, March 14th. Bank of America raised shares of Evergy from a “neutral” rating to a “buy” rating and increased their price target for the stock from $51.00 to $57.00 in a report on Wednesday, March 13th. Citigroup assumed coverage on shares of Evergy in a report on Tuesday, March 26th. They issued a “buy” rating and a $64.00 price objective for the company. Guggenheim cut Evergy from a “buy” rating to a “neutral” rating and set a $52.00 target price on the stock. in a research report on Monday, January 22nd. Finally, LADENBURG THALM/SH SH began coverage on Evergy in a report on Thursday, April 4th. They issued a “neutral” rating and a $51.00 price target for the company. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $56.00.

Evergy Price Performance

Shares of NYSE EVRG traded up $1.06 during trading on Monday, hitting $52.75. The company had a trading volume of 2,010,700 shares, compared to its average volume of 2,524,806. Evergy, Inc. has a fifty-two week low of $46.92 and a fifty-two week high of $63.39. The company has a quick ratio of 0.29, a current ratio of 0.51 and a debt-to-equity ratio of 1.14. The stock has a fifty day simple moving average of $51.39 and a two-hundred day simple moving average of $51.02. The firm has a market capitalization of $12.12 billion, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 2.69 and a beta of 0.57.

Evergy (NYSE:EVRG) last posted its quarterly earnings data on Thursday, February 29th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.03). Evergy had a return on equity of 8.47% and a net margin of 13.28%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the firm posted $0.30 earnings per share. On average, research analysts expect that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Monday, March 11th were paid a dividend of $0.6425 per share. This represents a $2.57 dividend on an annualized basis and a yield of 4.87%. The ex-dividend date of this dividend was Friday, March 8th. Evergy’s dividend payout ratio (DPR) is presently 80.82%.

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.