OneDigital Investment Advisors LLC Sells 334 Shares of Evergy, Inc. (NYSE:EVRG)

OneDigital Investment Advisors LLC lessened its stake in shares of Evergy, Inc. (NYSE:EVRG) by 5.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,167 shares of the company’s stock after selling 334 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Evergy were worth $382,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in EVRG. Manning & Napier Advisors LLC bought a new stake in Evergy in the 2nd quarter worth approximately $112,464,000. Wedge Capital Management L L P NC boosted its stake 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 valued at $13,790,000 after acquiring an additional 19,193 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Evergy by 4,661.9% in the first quarter. Acadian Asset Management LLC now owns 12,381 shares of the company’s stock worth $659,000 after acquiring an additional 12,121 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Evergy by 66.3% in the first quarter. Cetera Investment Advisers now owns 51,538 shares of the company’s stock worth $2,751,000 after buying an additional 20,538 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Evergy by 13.2% in the second quarter. Envestnet Asset Management Inc. now owns 307,797 shares of the company’s stock valued at $16,304,000 after purchasing an additional 35,940 shares during the period. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Evergy Trading Up 1.3 %

Shares of EVRG stock opened at $64.51 on Friday. Evergy, Inc. has a 1 year low of $48.04 and a 1 year high of $64.69. The stock has a fifty day moving average of $61.44 and a two-hundred day moving average of $57.79. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The firm has a market capitalization of $14.84 billion, a PE ratio of 17.44, a price-to-earnings-growth ratio of 2.85 and a beta of 0.62.

Evergy (NYSE:EVRG) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.07. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the previous year, the company earned $1.88 EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. As a group, research analysts expect that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 21st will be paid a dividend of $0.6675 per share. This is an increase from Evergy’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.67 annualized dividend and a yield of 4.14%. Evergy’s dividend payout ratio is presently 69.46%.

Analysts Set New Price Targets

EVRG has been the subject of a number of recent analyst reports. Mizuho initiated coverage on shares of Evergy in a report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price objective for the company. Barclays cut their price objective on shares of Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Wells Fargo & Company lifted their price target on shares of Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. UBS Group raised shares of Evergy to a “hold” rating in a research note on Wednesday, September 18th. Finally, Jefferies Financial Group initiated coverage on shares of Evergy in a report on Thursday, September 19th. They issued a “buy” rating and a $70.00 target price on the stock. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Evergy presently has an average rating of “Moderate Buy” and a consensus target price of $61.88.

Insider Buying and Selling at Evergy

In related news, SVP Charles A. Caisley sold 9,236 shares of the business’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 transaction 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 trade was a 21.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kevin E. Bryant sold 48,141 shares of Evergy stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the completion of the transaction, the executive vice president now directly owns 1 shares in the company, valued at approximately $62.93. The trade was a 100.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 60,724 shares of company stock valued at $3,777,059 in the last 90 days. 0.47% of the stock is currently owned by 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.