Sun Sep 15 14:20:55 UTC 2024: ## Institutional Investors Make Moves on Evergy Stock: Bokf Na Reduces Stake, Others Buy In

**Kansas City, MO – September 15th, 2024** – Evergy, Inc. (NYSE: EVRG) saw a flurry of activity from institutional investors and hedge funds in recent quarters, with both reductions and new investments in the company’s stock.

Bokf Na, a prominent institutional investor, reduced its stake in Evergy by 5.8% during the second quarter, selling 1,642 shares and now holding 26,449 shares worth $1,401,000. This move comes as other investors took a different approach.

Fidelis Capital Partners LLC entered the fray in the first quarter, acquiring a new stake in Evergy valued at approximately $32,000. Toth Financial Advisory Corp. significantly increased its position in the stock by 199.5% during the first quarter, acquiring 423 shares and now holding 635 shares worth $34,000.

Other notable new investments include Rothschild Investment LLC and Hantz Financial Services Inc., which both purchased stakes in Evergy during the second quarter, valued at approximately $37,000 and $41,000 respectively. Riverview Trust Co. also joined the group in the first quarter, acquiring a stake valued at approximately $43,000.

Overall, institutional investors and hedge funds now own 87.24% of Evergy stock.

The company’s stock opened at $61.06 on Friday, showcasing its recent performance. Evergy declared a quarterly dividend of $0.6425 per share, payable on September 20th, representing an annualized dividend of $2.57 and a yield of 4.21%.

While insiders have been active in the market, selling a total of 15,884 shares valued at $941,810 over the last 90 days, analysts remain optimistic. Barclays recently boosted its target price for Evergy from $61.00 to $64.00, assigning an “overweight” rating. This, coupled with other buy ratings, puts the stock’s consensus rating at a “Moderate Buy” with a target price of $58.33.

Evergy, Inc. remains a significant player in the U.S. energy market, generating electricity through a variety of sources, including coal, natural gas, and renewables. The company serves a wide range of customers, including residential, commercial, and industrial clients.

**Disclaimer:** This news article is for informational purposes only and does not constitute financial advice.

Read More