Evergy, Inc. (NYSE:EVRG) EVP Sells $3,029,513.13 in Stock

Evergy, Inc. (NYSE:EVRG) EVP Kevin E. Bryant sold 48,141 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the completion of the sale, the executive vice president now directly owns 1 shares of the company’s stock, valued at $62.93. This represents a 100.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Evergy Trading Up 1.5 %

Shares of Evergy stock opened at $63.76 on Friday. The company has a market cap of $14.66 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 2.82 and a beta of 0.62. Evergy, Inc. has a 1 year low of $48.04 and a 1 year high of $64.07. The company’s fifty day simple moving average is $61.14 and its 200-day simple moving average is $57.52. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.

Evergy (NYSE:EVRG) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.07. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the previous year, the firm posted $1.88 EPS. The business’s revenue was up 8.5% compared to the same quarter last year. As a group, sell-side analysts expect that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 21st will be given a $0.6675 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.19%. This is an increase from Evergy’s previous quarterly dividend of $0.64. Evergy’s dividend payout ratio (DPR) is currently 69.46%.

Institutional Trading of Evergy

A number of institutional investors and hedge funds have recently modified their holdings of the company. Hexagon Capital Partners LLC lifted its position in Evergy by 47.1% in the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock worth $33,000 after purchasing an additional 170 shares during the period. Empirical Finance LLC lifted its holdings in shares of Evergy by 2.3% during the 3rd quarter. Empirical Finance LLC now owns 7,751 shares of the company’s stock worth $481,000 after acquiring an additional 171 shares during the period. GPS Wealth Strategies Group LLC lifted its holdings in shares of Evergy by 12.3% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,705 shares of the company’s stock worth $90,000 after acquiring an additional 187 shares during the period. Blue Trust Inc. boosted its position in shares of Evergy by 16.3% during the 2nd quarter. Blue Trust Inc. now owns 1,483 shares of the company’s stock valued at $79,000 after acquiring an additional 208 shares in the last quarter. Finally, Keeley Teton Advisors LLC increased its stake in Evergy by 0.6% in the first quarter. Keeley Teton Advisors LLC now owns 37,950 shares of the company’s stock valued at $2,026,000 after acquiring an additional 210 shares during the period. 87.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on EVRG shares. Mizuho assumed coverage on shares of Evergy in a report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price objective for the company. Jefferies Financial Group started coverage on Evergy in a report on Thursday, September 19th. They set a “buy” rating and a $70.00 price objective on the stock. Wells Fargo & Company boosted their target price on Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Barclays lowered their price target on Evergy from $67.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. Finally, UBS Group upgraded shares of Evergy to a “hold” rating in a research note on Wednesday, September 18th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Evergy presently has an average rating of “Moderate Buy” and a consensus price target of $61.88.

About Evergy

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.