By Hidden Values Daily 
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Horizon Investments LLC lifted its holdings in shares of Evergy by 4.9% during the first quarter. Horizon Investments LLC now owns 3,353 shares of the company’s stock worth $231,000 after purchasing an additional 158 shares during the period. Rogco LP raised its position in Evergy by 16.4% during the 2nd quarter. Rogco LP now owns 1,120 shares of the company’s stock worth $77,000 after purchasing an additional 158 shares during the last quarter. Triad Wealth Partners LLC raised its position in Evergy by 3.8% during the 2nd quarter. Triad Wealth Partners LLC now owns 4,389 shares of the company’s stock worth $303,000 after purchasing an additional 159 shares during the last quarter. GoalVest Advisory LLC lifted its holdings in Evergy by 3.2% during the 2nd quarter. GoalVest Advisory LLC now owns 5,259 shares of the company’s stock worth $363,000 after buying an additional 163 shares during the period. Finally, Hantz Financial Services Inc. grew its position in shares of Evergy by 24.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 849 shares of the company’s stock valued at $59,000 after buying an additional 167 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on EVRG shares. Weiss Ratings restated a “buy (b)” rating on shares of Evergy in a research report on Friday, November 28th. Citigroup increased their target price on shares of Evergy from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Monday, November 10th. Barclays restated an “outperform” rating on shares of Evergy in a research report on Thursday, October 9th. Wells Fargo & Company raised shares of Evergy to a “hold” rating in a research note on Tuesday, October 28th. Finally, Wall Street Zen raised shares of Evergy from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $80.72.
Check Out Our Latest Report on EVRG
Evergy Price Performance
Evergy stock opened at $74.29 on Thursday. The stock has a market capitalization of $17.10 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 3.27 and a beta of 0.65. Evergy Inc. has a 52-week low of $59.67 and a 52-week high of $79.32. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.30 and a current ratio of 0.52. The stock’s 50 day moving average price is $76.80 and its two-hundred day moving average price is $72.17.
Evergy (NASDAQ:EVRG – Get Free Report) last released its earnings results on Wednesday, November 5th. The company reported $2.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.11). The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $2.24 billion. Evergy had a net margin of 14.45% and a return on equity of 8.66%. The firm’s revenue was down .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.02 EPS. On average, equities analysts predict that Evergy Inc. will post 3.83 earnings per share for the current year.
Evergy Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, November 21st will be given a dividend of $0.695 per share. This is a boost from Evergy’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.7%. Evergy’s payout ratio is currently 76.16%.
Insider Activity at Evergy
In related news, SVP Lesley Lissette Elwell sold 8,000 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $72.33, for a total value of $578,640.00. Following the completion of the sale, the senior vice president directly owned 499 shares of the company’s stock, valued at $36,092.67. The trade was a 94.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.42% of the stock is currently owned by corporate insiders.
Evergy Profile
(
Free Report)
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.
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