Raymond James & Associates Has $2.77 Million Position in Evergy, Inc. (NYSE:EVRG)

Raymond James & Associates grew its stake in shares of Evergy, Inc. (NYSE:EVRG) by 2.0% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 52,348 shares of the company’s stock after buying an additional 1,037 shares during the period. Raymond James & Associates’ holdings in Evergy were worth $2,773,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Brookstone Capital Management raised its position in Evergy by 12.2% in the second quarter. Brookstone Capital Management now owns 26,870 shares of the company’s stock worth $1,485,000 after purchasing an additional 2,925 shares in the last quarter. Blue Trust Inc. raised its position in Evergy by 16.3% in the second quarter. Blue Trust Inc. now owns 1,483 shares of the company’s stock worth $79,000 after purchasing an additional 208 shares in the last quarter. Wedge Capital Management L L P NC raised its position in Evergy by 8.0% in the second quarter. Wedge Capital Management L L P NC now owns 260,331 shares of the company’s stock worth $13,790,000 after purchasing an additional 19,193 shares in the last quarter. Envestnet Portfolio Solutions Inc. raised its position in Evergy by 3.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 14,778 shares of the company’s stock worth $783,000 after purchasing an additional 541 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC raised its position in Evergy by 12.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,705 shares of the company’s stock worth $90,000 after purchasing an additional 187 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Insider Buying and Selling

In related news, Director Ann D. Murtlow sold 3,301 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 2,847 shares in the company, valued at $167,545.95. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Evergy news, SVP Heather A. Humphrey sold 3,347 shares of Evergy stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total value of $196,803.60. Following the sale, the senior vice president now directly owns 35,314 shares in the company, valued at approximately $2,076,463.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ann D. Murtlow sold 3,301 shares of Evergy stock in a transaction 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 owns 2,847 shares in the company, valued at $167,545.95. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

EVRG has been the subject of several recent analyst reports. Wells Fargo & Company raised their price objective on shares of Evergy from $57.00 to $62.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. Barclays raised their price objective on shares of Evergy from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Evergy has an average rating of “Moderate Buy” and a consensus target price of $58.33.

Evergy Trading Up 0.7 %

Shares of NYSE EVRG opened at $59.14 on Monday. The company’s fifty day moving average is $56.40 and its 200-day moving average is $53.83. The stock has a market cap of $13.60 billion, a price-to-earnings ratio of 19.14, a P/E/G ratio of 3.07 and a beta of 0.60. Evergy, Inc. has a twelve month low of $46.92 and a twelve month high of $61.14. The company has a quick ratio of 0.35, a current ratio of 0.59 and a debt-to-equity ratio of 1.23.

Evergy (NYSE:EVRG) last announced its quarterly earnings results on Friday, August 9th. The company reported $0.90 earnings per share 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 company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the firm posted $0.81 earnings per share. Equities research analysts predict that Evergy, Inc. will post 3.85 EPS for the current year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Tuesday, August 20th will be issued a dividend of $0.6425 per share. The ex-dividend date is Tuesday, August 20th. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.35%. Evergy’s payout ratio is 83.17%.

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.