Evergy, Inc. (NASDAQ:EVRG) Shares Sold by Peoples Bank KS

Peoples Bank KS reduced its position in Evergy, Inc. (NASDAQ:EVRG) by 13.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 1,255 shares of the company’s stock after selling 200 shares during the period. Peoples Bank KS’s holdings in Evergy were worth $77,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EVRG. Sunbelt Securities Inc. raised its stake in shares of Evergy by 2.2% during the third quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company’s stock worth $482,000 after purchasing an additional 168 shares during the last quarter. Hexagon Capital Partners LLC increased its stake in Evergy by 47.1% in the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after buying an additional 170 shares during the period. Empirical Finance LLC increased its stake in Evergy by 2.3% in the 3rd quarter. Empirical Finance LLC now owns 7,751 shares of the company’s stock valued at $481,000 after buying an additional 171 shares during the period. DekaBank Deutsche Girozentrale raised its position in Evergy by 1.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 18,563 shares of the company’s stock worth $1,138,000 after buying an additional 212 shares during the last quarter. Finally, World Investment Advisors LLC lifted its stake in shares of Evergy by 3.9% in the 3rd quarter. World Investment Advisors LLC now owns 5,715 shares of the company’s stock worth $354,000 after acquiring an additional 212 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Trading Up 0.4 %

Shares of EVRG stock opened at $60.54 on Wednesday. Evergy, Inc. has a fifty-two week low of $48.04 and a fifty-two week high of $65.47. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The business has a fifty day simple moving average of $62.35 and a 200-day simple moving average of $59.79. The stock has a market cap of $13.92 billion, a P/E ratio of 16.36, a P/E/G ratio of 2.75 and a beta of 0.64.

Evergy (NASDAQ:EVRG) last announced its earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.07. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.88 earnings per share. On average, analysts forecast that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date of this dividend was Thursday, November 21st. This is a boost from Evergy’s previous quarterly dividend of $0.64. Evergy’s dividend payout ratio is 72.16%.

Analyst Ratings Changes

Several research firms recently issued reports on EVRG. Wells Fargo & Company increased their price target on shares of Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and raised their price target for the company from $59.00 to $68.50 in a report on Thursday, January 2nd. Barclays dropped their price objective on Evergy from $67.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. Mizuho initiated coverage on Evergy in a research report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price objective for the company. Finally, UBS Group upgraded shares of Evergy to a “hold” rating in a research report on Wednesday, September 18th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.06.

Insiders Place Their Bets

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total value of $3,029,513.13. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.47% of the stock is currently owned by company insiders.

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.