140,508 Shares in Evergy, Inc. (NYSE:EVRG) Purchased by DRW Securities LLC

DRW Securities LLC acquired a new position in Evergy, Inc. (NYSE:EVRG) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 140,508 shares of the company’s stock, valued at approximately $8,713,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Millennium Management LLC lifted its holdings in Evergy by 38.6% in the 2nd quarter. Millennium Management LLC now owns 3,683,000 shares of the company’s stock valued at $195,089,000 after acquiring an additional 1,026,374 shares during the last quarter. Federated Hermes Inc. lifted its holdings in Evergy by 18.8% in the 2nd quarter. Federated Hermes Inc. now owns 3,490,674 shares of the company’s stock valued at $184,901,000 after acquiring an additional 552,455 shares during the last quarter. Pathway Financial Advisers LLC lifted its holdings in Evergy by 6,854.6% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company’s stock valued at $157,443,000 after acquiring an additional 2,502,493 shares during the last quarter. Zimmer Partners LP lifted its holdings in Evergy by 781.4% in the 1st quarter. Zimmer Partners LP now owns 2,326,385 shares of the company’s stock valued at $124,182,000 after acquiring an additional 2,062,434 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Evergy by 42.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,135,011 shares of the company’s stock valued at $132,392,000 after buying an additional 634,735 shares in the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Evergy

In other news, SVP Charles A. Caisley sold 9,236 shares of Evergy stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total value of $550,742.68. Following the transaction, the senior vice president now owns 33,425 shares of the company’s stock, valued at $1,993,132.75. This trade represents a 21.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kevin E. Bryant sold 48,141 shares of Evergy stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the completion of the transaction, the executive vice president now directly owns 1 shares in the company, valued at approximately $62.93. This represents a 100.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 60,724 shares of company stock valued at $3,777,059. 3.26% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Evergy Price Performance

NYSE EVRG opened at $64.26 on Monday. The company has a 50 day simple moving average of $61.51 and a 200-day simple moving average of $57.91. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. The firm has a market capitalization of $14.78 billion, a price-to-earnings ratio of 17.23, a price-to-earnings-growth ratio of 2.86 and a beta of 0.62. Evergy, Inc. has a 52-week low of $48.04 and a 52-week high of $64.95.

Evergy (NYSE:EVRG) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.07. The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $2.35 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.88 earnings per share. Equities research analysts predict that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 21st will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.15%. The ex-dividend date is Thursday, November 21st. This is a positive change from Evergy’s previous quarterly dividend of $0.64. Evergy’s dividend payout ratio (DPR) is presently 72.16%.

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.