Mattern Wealth Management LLC Sells 600 Shares of Evergy, Inc. (NYSE:EVRG)

Mattern Wealth Management LLC reduced its position in shares of Evergy, Inc. (NYSE:EVRG) by 6.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,071 shares of the company’s stock after selling 600 shares during the period. Mattern Wealth Management LLC’s holdings in Evergy were worth $563,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Wellington Management Group LLP lifted its position in Evergy by 12.8% during the 4th quarter. Wellington Management Group LLP now owns 249,422 shares of the company’s stock worth $13,020,000 after acquiring an additional 28,392 shares during the last quarter. Riverview Trust Co bought a new stake in Evergy during the 1st quarter valued at approximately $43,000. Kingswood Wealth Advisors LLC grew its holdings in Evergy by 7.0% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 4,573 shares of the company’s stock valued at $244,000 after buying an additional 300 shares during the last quarter. Sunbelt Securities Inc. increased its position in Evergy by 105.1% in the 1st quarter. Sunbelt Securities Inc. now owns 7,611 shares of the company’s stock worth $406,000 after buying an additional 3,901 shares during the period. Finally, Brookstone Capital Management increased its position in Evergy by 18.3% in the 1st quarter. Brookstone Capital Management now owns 23,945 shares of the company’s stock worth $1,278,000 after buying an additional 3,699 shares during the period. 87.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on EVRG shares. Barclays reduced their price objective on Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday. Wells Fargo & Company increased their price target on shares of Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. UBS Group upgraded shares of Evergy to a “hold” rating in a report on Wednesday, September 18th. Finally, Jefferies Financial Group began coverage on shares of Evergy in a research note on Thursday, September 19th. They issued a “buy” rating and a $70.00 target price for the company. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $61.14.

Insider Transactions at Evergy

In other news, SVP Charles A. Caisley sold 9,236 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $59.63, for a total value of $550,742.68. Following the completion of the sale, the senior vice president now directly owns 33,425 shares in the company, valued at approximately $1,993,132.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, SVP Charles A. Caisley sold 9,236 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total transaction of $550,742.68. Following the sale, the senior vice president now directly owns 33,425 shares of the company’s stock, valued at $1,993,132.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ann D. Murtlow sold 3,301 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total transaction of $194,263.85. Following the completion of the sale, the director now directly owns 2,847 shares of the company’s stock, valued at approximately $167,545.95. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,884 shares of company stock valued at $941,810. Corporate insiders own 0.47% of the company’s stock.

Evergy Price Performance

Shares of NYSE:EVRG traded up $0.15 during midday trading on Tuesday, reaching $61.35. 300,872 shares of the company’s stock were exchanged, compared to its average volume of 2,076,005. The firm has a market capitalization of $14.11 billion, a PE ratio of 19.71, a price-to-earnings-growth ratio of 2.65 and a beta of 0.62. The company’s 50 day simple moving average is $60.17 and its two-hundred day simple moving average is $56.25. Evergy, Inc. has a 12 month low of $47.46 and a 12 month high of $62.58. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.35 and a current ratio of 0.59.

Evergy (NYSE:EVRG) last announced its quarterly earnings results on Friday, August 9th. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. Evergy had a net margin of 13.12% and a return on equity of 8.50%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the company earned $0.81 earnings per share. Equities research analysts expect that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Tuesday, August 20th were given a dividend of $0.6425 per share. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date was Tuesday, August 20th. Evergy’s dividend payout ratio (DPR) is currently 83.17%.

Evergy Profile

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.