Cypress Capital Management LLC cut its position in Evergy, Inc. (NYSE:EVRG) by 14.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 177,545 shares of the company’s stock after selling 30,670 shares during the quarter. Evergy makes up about 1.5% of Cypress Capital Management LLC’s holdings, making the stock its 24th biggest position. Cypress Capital Management LLC owned about 0.08% of Evergy worth $10,569,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its stake in Evergy by 70.5% in the 1st quarter. JPMorgan Chase & Co. now owns 968,128 shares of the company’s stock valued at $57,634,000 after buying an additional 400,211 shares during the last quarter. Coann Capital LLC grew its stake in Evergy by 9.1% in the 1st quarter. Coann Capital LLC now owns 172,805 shares of the company’s stock valued at $10,287,000 after buying an additional 14,406 shares during the last quarter. Panagora Asset Management Inc. grew its stake in Evergy by 9.6% in the 1st quarter. Panagora Asset Management Inc. now owns 99,035 shares of the company’s stock valued at $5,896,000 after buying an additional 8,693 shares during the last quarter. Norinchukin Bank The boosted its holdings in Evergy by 1.7% in the 1st quarter. Norinchukin Bank The now owns 18,878 shares of the company’s stock valued at $1,124,000 after purchasing an additional 313 shares during the period. Finally, Sei Investments Co. boosted its holdings in Evergy by 4.1% in the 1st quarter. Sei Investments Co. now owns 298,855 shares of the company’s stock valued at $17,719,000 after purchasing an additional 11,647 shares during the period. Institutional investors and hedge funds own 82.94% of the company’s stock.
In other Evergy news, Director C John Wilder acquired 2,269,447 shares of Evergy stock in a transaction dated Wednesday, April 14th. The stock was bought at an average cost of $49.87 per share, with a total value of $113,177,321.89. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.47% of the stock is currently owned by company insiders.
Shares of NYSE:EVRG traded down $0.23 during midday trading on Friday, reaching $63.78. 5,664 shares of the company’s stock were exchanged, compared to its average volume of 1,545,705. The business has a 50 day moving average price of $62.54. The stock has a market cap of $14.62 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 3.25 and a beta of 0.37. Evergy, Inc. has a 12 month low of $48.61 and a 12 month high of $65.43. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.62 and a quick ratio of 0.47.
Evergy (NYSE:EVRG) last released its quarterly earnings data on Thursday, May 6th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.08. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.12 billion. Evergy had a net margin of 13.69% and a return on equity of 8.46%. During the same period last year, the firm earned $0.41 EPS. As a group, equities research analysts expect that Evergy, Inc. will post 3.3 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 21st. Stockholders of record on Friday, May 21st will be issued a dividend of $0.535 per share. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Thursday, May 20th. Evergy’s payout ratio is 69.03%.
Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Kansas and Missouri, the United States. It generates electricity through coal, hydroelectric, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources.
Read More: How is inflation measured?
Want to see what other hedge funds are holding EVRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Evergy, Inc. (NYSE:EVRG).
Receive News & Ratings for Evergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evergy and related companies with MarketBeat.com's FREE daily email newsletter.