American Century Companies Inc. Sells 37,960 Shares of Evergy Inc. $EVRG

American Century Companies Inc. decreased its position in shares of Evergy Inc. (NASDAQ:EVRG) by 1.2% in the 3rd quarter, Holdings Channel reports. The firm owned 3,130,654 shares of the company’s stock after selling 37,960 shares during the quarter. American Century Companies Inc.’s holdings in Evergy were worth $237,993,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EVRG. Cary Street Partners Investment Advisory LLC increased its position in shares of Evergy by 17.7% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 979 shares of the company’s stock worth $74,000 after buying an additional 147 shares during the period. FAS Wealth Partners Inc. boosted its position in Evergy by 2.4% during the second quarter. FAS Wealth Partners Inc. now owns 6,413 shares of the company’s stock valued at $442,000 after acquiring an additional 150 shares during the last quarter. Bfsg LLC grew its holdings in Evergy by 22.9% during the 3rd quarter. Bfsg LLC now owns 817 shares of the company’s stock worth $62,000 after acquiring an additional 152 shares during the period. Hantz Financial Services Inc. grew its holdings in Evergy by 24.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 849 shares of the company’s stock worth $59,000 after acquiring an additional 167 shares during the period. Finally, NorthCrest Asset Manangement LLC raised its position in shares of Evergy by 2.9% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 6,076 shares of the company’s stock worth $472,000 after acquiring an additional 170 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Price Performance

Shares of NASDAQ:EVRG opened at $83.66 on Friday. Evergy Inc. has a twelve month low of $61.94 and a twelve month high of $84.08. The stock’s 50 day moving average is $76.67 and its 200-day moving average is $75.43. The company has a quick ratio of 0.27, a current ratio of 0.49 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $19.27 billion, a price-to-earnings ratio of 22.80, a PEG ratio of 3.32 and a beta of 0.66.

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

Evergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.695 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $2.78 annualized dividend and a dividend yield of 3.3%. Evergy’s payout ratio is presently 75.75%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Citigroup upped their target price on Evergy from $89.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Royal Bank Of Canada restated an “outperform” rating and set a $91.00 price target on shares of Evergy in a report on Friday, January 23rd. UBS Group lowered shares of Evergy from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $86.00 to $88.00 in a research note on Friday, February 13th. BMO Capital Markets boosted their target price on shares of Evergy from $82.00 to $87.00 and gave the company an “outperform” rating in a research report on Monday, February 23rd. Finally, Mizuho set a $82.00 target price on shares of Evergy in a research note on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $86.88.

Insider Activity at Evergy

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

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.