3,332 Shares in Evergy, Inc. (NYSE:EVRG) Acquired by Bleakley Financial Group LLC

Bleakley Financial Group LLC purchased a new position in shares of Evergy, Inc. (NYSE:EVRG) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,332 shares of the company’s stock, valued at approximately $207,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Fairscale Capital LLC purchased a new position in shares of Evergy during the second quarter worth $27,000. Fidelis Capital Partners LLC acquired a new stake in shares of Evergy in the first quarter valued at $32,000. Hexagon Capital Partners LLC raised its stake in shares of Evergy by 47.1% in the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after acquiring an additional 170 shares in the last quarter. Toth Financial Advisory Corp raised its stake in shares of Evergy by 199.5% in the first quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock valued at $34,000 after acquiring an additional 423 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new stake in shares of Evergy in the second quarter valued at $37,000. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Heather A. Humphrey sold 3,347 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total value of $196,803.60. Following the sale, the senior vice president now owns 35,314 shares in the company, valued at $2,076,463.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, SVP Heather A. Humphrey sold 3,347 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total value of $196,803.60. Following the sale, the senior vice president now owns 35,314 shares of the company’s stock, valued at approximately $2,076,463.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Charles A. Caisley sold 9,236 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total value of $550,742.68. Following the completion of the sale, the senior vice president now directly owns 33,425 shares in the company, valued at approximately $1,993,132.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,884 shares of company stock worth $941,810 in the last quarter. Company insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on EVRG shares. Jefferies Financial Group initiated coverage on Evergy in a research note on Thursday, September 19th. They issued a “buy” rating and a $70.00 price objective on the stock. Wells Fargo & Company raised their price target on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Barclays cut their price target on Evergy from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, UBS Group upgraded Evergy to a “hold” rating in a research note on Wednesday, September 18th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.14.

Evergy Stock Down 0.5 %

EVRG opened at $61.64 on Friday. The business’s 50-day simple moving average is $60.34 and its 200-day simple moving average is $56.39. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.35 and a current ratio of 0.59. Evergy, Inc. has a one year low of $47.97 and a one year high of $62.58. The stock has a market capitalization of $14.17 billion, a P/E ratio of 19.95, a price-to-earnings-growth ratio of 2.65 and a beta of 0.62.

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

Evergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Tuesday, August 20th were issued a $0.6425 dividend. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date was Tuesday, August 20th. Evergy’s dividend payout ratio is currently 83.17%.

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.