Evergy, Inc. (NASDAQ:EVRG) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC cut its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 15.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,431 shares of the company’s stock after selling 3,771 shares during the period. Janus Henderson Group PLC’s holdings in Evergy were worth $1,267,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of EVRG. Fairscale Capital LLC purchased a new position in Evergy in the second quarter valued at $27,000. Truvestments Capital LLC purchased a new stake in shares of Evergy in the third quarter valued at about $32,000. Hexagon Capital Partners LLC lifted its holdings in shares of Evergy by 47.1% during the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock worth $33,000 after purchasing an additional 170 shares during the period. Rothschild Investment LLC acquired a new position in shares of Evergy during the second quarter worth about $37,000. Finally, Hantz Financial Services Inc. purchased a new stake in shares of Evergy in the second quarter valued at approximately $41,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Insider Buying and Selling

In other Evergy news, 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 value of $3,029,513.13. Following the transaction, the executive vice president now owns 1 shares in the company, valued at approximately $62.93. The trade was a 100.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on EVRG shares. Barclays reduced their target price on Evergy from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Wells Fargo & Company increased their price objective on shares of Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. UBS Group raised Evergy to a “hold” rating in a research report on Wednesday, September 18th. Jefferies Financial Group assumed coverage on shares of Evergy in a research note on Thursday, September 19th. They issued a “buy” rating and a $70.00 target price on the stock. Finally, Mizuho started 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. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Evergy currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.88.

Evergy Stock Down 0.3 %

EVRG stock opened at $61.91 on Friday. Evergy, Inc. has a fifty-two week low of $48.04 and a fifty-two week high of $65.47. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The stock has a market cap of $14.24 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 2.77 and a beta of 0.64. The firm’s 50-day simple moving average is $62.08 and its 200 day simple moving average is $58.75.

Evergy (NASDAQ:EVRG) last posted its earnings results on Thursday, November 7th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.95 by $0.07. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same period last year, the firm earned $1.88 EPS. As a group, sell-side analysts predict that Evergy, Inc. will post 3.85 EPS for the current year.

Evergy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, November 21st will be paid a $0.6675 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.67 annualized dividend and a dividend yield of 4.31%. This is a boost from Evergy’s previous quarterly dividend of $0.64. Evergy’s payout ratio is currently 72.16%.

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.