Evergy, Inc. (NYSE:EVRG) Shares Bought by Public Sector Pension Investment Board

Public Sector Pension Investment Board grew its stake in Evergy, Inc. (NYSE:EVRG) by 49.9% during the 2nd quarter, Holdings Channel reports. The fund owned 39,037 shares of the company’s stock after acquiring an additional 13,001 shares during the period. Public Sector Pension Investment Board’s holdings in Evergy were worth $2,068,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in EVRG. Fairscale Capital LLC purchased a new position in Evergy in the 2nd quarter valued at about $27,000. Fidelis Capital Partners LLC acquired a new stake in Evergy during the first quarter worth approximately $32,000. Toth Financial Advisory Corp grew its stake in Evergy by 199.5% in the 1st quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock worth $34,000 after acquiring an additional 423 shares during the period. Rothschild Investment LLC acquired a new position in Evergy in the 2nd quarter valued at $37,000. Finally, Hantz Financial Services Inc. purchased a new position in shares of Evergy during the 2nd quarter worth $41,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. 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. Barclays increased 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. Finally, UBS Group upgraded shares of Evergy to a “hold” rating in a report on Wednesday, September 18th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $60.00.

Evergy Stock Performance

NYSE EVRG opened at $61.94 on Monday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.59 and a quick ratio of 0.35. Evergy, Inc. has a 1-year low of $46.92 and a 1-year high of $62.58. The firm has a market capitalization of $14.24 billion, a P/E ratio of 20.05, a P/E/G ratio of 2.76 and a beta of 0.62. The business’s 50-day simple moving average is $59.32 and its 200-day simple moving average is $55.32.

Evergy (NYSE:EVRG) last released its quarterly earnings data on Friday, August 9th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm earned $0.81 earnings per share. Equities analysts predict that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, August 20th were given a $0.6425 dividend. This represents a $2.57 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend was Tuesday, August 20th. Evergy’s dividend payout ratio (DPR) is presently 83.17%.

Insiders Place Their Bets

In other news, Director Ann D. Murtlow sold 3,301 shares of Evergy stock in a transaction that occurred 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 owns 2,847 shares in the company, valued at $167,545.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Ann D. Murtlow sold 3,301 shares of Evergy stock in a transaction dated Tuesday, August 13th. The stock was 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 of the company’s stock, valued at $167,545.95. The sale was disclosed in a 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 stock was sold at an average price of $59.63, for a total value of $550,742.68. Following the completion of the transaction, the senior vice president now owns 33,425 shares in the company, valued at approximately $1,993,132.75. The disclosure for this sale can be found here. Insiders have sold a total of 15,884 shares of company stock worth $941,810 over the last quarter. 0.47% of the stock is owned by corporate 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.