Evergy, Inc. (NYSE:EVRG) Shares Sold by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. lowered its stake in shares of Evergy, Inc. (NYSE:EVRG) by 29.7% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 4,340 shares of the company’s stock after selling 1,832 shares during the period. Point72 Asia Singapore Pte. Ltd.’s holdings in Evergy were worth $230,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Toronto Dominion Bank raised its position in Evergy by 59.4% during the second quarter. Toronto Dominion Bank now owns 114,017 shares of the company’s stock valued at $6,039,000 after acquiring an additional 42,480 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Evergy by 60.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 44,024 shares of the company’s stock valued at $2,332,000 after purchasing an additional 16,619 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Evergy in the 2nd quarter valued at $27,915,000. Sagefield Capital LP boosted its holdings in Evergy by 73.2% during the second quarter. Sagefield Capital LP now owns 74,371 shares of the company’s stock worth $3,939,000 after buying an additional 31,425 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its holdings in Evergy by 17.0% during the second quarter. Evergreen Capital Management LLC now owns 7,560 shares of the company’s stock worth $400,000 after buying an additional 1,098 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Trading Down 0.4 %

Shares of Evergy stock opened at $61.53 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.35 and a debt-to-equity ratio of 1.23. Evergy, Inc. has a twelve month low of $46.92 and a twelve month high of $62.58. The firm has a market capitalization of $14.15 billion, a PE ratio of 19.91, a P/E/G ratio of 2.76 and a beta of 0.62. The firm’s 50-day moving average price is $59.19 and its 200 day moving average price is $55.19.

Evergy (NYSE:EVRG) last issued its quarterly earnings results on Friday, August 9th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. Evergy had a return on equity of 8.50% and a net margin of 13.12%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the company posted $0.81 earnings per share. On average, sell-side analysts predict that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Tuesday, August 20th were given a $0.6425 dividend. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date was Tuesday, August 20th. Evergy’s dividend payout ratio (DPR) is 83.17%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EVRG. UBS Group upgraded shares of Evergy to a “hold” rating in a research report on Wednesday, September 18th. Barclays increased their price target on Evergy from $61.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 13th. Finally, Jefferies Financial Group started coverage on Evergy in a research report on Thursday, September 19th. They issued a “buy” rating and a $70.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Evergy presently has an average rating of “Moderate Buy” and an average price target of $60.00.

Insider Transactions at Evergy

In related news, SVP Charles A. Caisley sold 9,236 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total transaction of $550,742.68. Following the completion of the sale, the senior vice president now owns 33,425 shares of the company’s stock, valued at approximately $1,993,132.75. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director Ann D. Murtlow sold 3,301 shares of Evergy stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $58.85, for a total transaction of $194,263.85. Following the transaction, the director now owns 2,847 shares in the company, valued at approximately $167,545.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Charles A. Caisley sold 9,236 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total transaction of $550,742.68. Following the transaction, the senior vice president now directly owns 33,425 shares in the company, valued at approximately $1,993,132.75. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,884 shares of company stock valued at $941,810. Corporate insiders own 0.47% of the company’s stock.

Evergy Company 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.