Rockefeller Capital Management L.P. Has $798,000 Stake in Evergy Inc. $EVRG

Rockefeller Capital Management L.P. grew its position in Evergy Inc. (NASDAQ:EVRG) by 136.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,007 shares of the company’s stock after purchasing an additional 6,344 shares during the period. Rockefeller Capital Management L.P.’s holdings in Evergy were worth $798,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Orion Porfolio Solutions LLC boosted its holdings in Evergy by 32.5% during the third quarter. Orion Porfolio Solutions LLC now owns 83,233 shares of the company’s stock worth $6,327,000 after purchasing an additional 20,395 shares during the last quarter. Goelzer Investment Management Inc. bought a new position in Evergy in the fourth quarter valued at $1,073,000. Cullen Frost Bankers Inc. increased its stake in Evergy by 4.9% in the 4th quarter. Cullen Frost Bankers Inc. now owns 316,511 shares of the company’s stock valued at $22,944,000 after buying an additional 14,907 shares during the last quarter. Gotham Asset Management LLC increased its stake in Evergy by 29.3% in the 3rd quarter. Gotham Asset Management LLC now owns 560,551 shares of the company’s stock valued at $42,613,000 after buying an additional 126,893 shares during the last quarter. Finally, Qsemble Capital Management LP lifted its position in Evergy by 295.4% during the 4th quarter. Qsemble Capital Management LP now owns 105,780 shares of the company’s stock worth $7,668,000 after buying an additional 79,029 shares in the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Evergy Price Performance

NASDAQ:EVRG opened at $88.13 on Friday. Evergy Inc. has a 12-month low of $67.30 and a 12-month high of $88.18. The firm has a market capitalization of $20.31 billion, a price-to-earnings ratio of 23.38, a P/E/G ratio of 2.29 and a beta of 0.54. The stock’s 50 day moving average price is $83.27 and its two-hundred day moving average price is $80.29. The company has a quick ratio of 0.24, a current ratio of 0.45 and a debt-to-equity ratio of 1.29.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Evergy had a net margin of 14.63% and a return on equity of 9.09%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.54 earnings per share. On average, analysts anticipate that Evergy Inc. will post 4.25 earnings per share for the current year.

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 22nd were given a dividend of $0.695 per share. The ex-dividend date was Friday, May 22nd. This represents a $2.78 annualized dividend and a yield of 3.2%. Evergy’s dividend payout ratio (DPR) is 73.74%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on EVRG shares. Weiss Ratings upgraded shares of Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Bank of America lowered their target price on Evergy from $89.00 to $88.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Wells Fargo & Company set a $87.00 target price on Evergy in a report on Tuesday, April 21st. UBS Group increased their price target on Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Barclays raised their price target on Evergy from $89.00 to $94.00 and gave the company an “overweight” rating in a research note on Tuesday. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.10.

Insider Buying and Selling

In other news, EVP Charles A. Caisley sold 10,787 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $83.46, for a total value of $900,283.02. Following the transaction, the executive vice president owned 37,789 shares of the company’s stock, valued at approximately $3,153,869.94. This represents a 22.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sandra Aj Lawrence sold 600 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $81.41, for a total value of $48,846.00. Following the transaction, the director owned 680 shares in the company, valued at approximately $55,358.80. This trade represents a 46.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 12,748 shares of company stock valued at $1,061,870. Corporate insiders own 1.52% of the company’s stock.

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.