Evergy, Inc. (NYSE:EVRG) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its position in Evergy, Inc. (NYSE:EVRG) by 43.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 66,973 shares of the company’s stock after selling 51,498 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Evergy were worth $3,548,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC purchased a new position in shares of Evergy during the 1st quarter worth $32,000. Toth Financial Advisory Corp grew its position in Evergy by 199.5% in the 1st 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. Rothschild Investment LLC acquired a new position in Evergy in the 2nd quarter valued at about $37,000. Hantz Financial Services Inc. acquired a new position in Evergy in the 2nd quarter valued at about $41,000. Finally, Principal Securities Inc. acquired a new position in shares of Evergy during the fourth quarter worth about $43,000. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Insider Buying and Selling at Evergy

In other news, Director Ann D. Murtlow sold 3,301 shares of Evergy stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $58.85, for a total value of $194,263.85. Following the completion of the transaction, the director now owns 2,847 shares in the company, valued at approximately $167,545.95. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, SVP Charles A. Caisley sold 9,236 shares of Evergy stock in a transaction on Tuesday, September 3rd. The stock was 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $194,263.85. Following the completion of the transaction, the director now owns 2,847 shares in the company, valued at $167,545.95. The disclosure for this sale can be found here. Insiders sold a total of 15,884 shares of company stock worth $941,810 in the last 90 days. 0.47% of the stock is owned by corporate insiders.

Evergy Stock Down 0.2 %

Shares of NYSE:EVRG opened at $61.91 on Wednesday. The company has a quick ratio of 0.35, a current ratio of 0.59 and a debt-to-equity ratio of 1.23. Evergy, Inc. has a 52-week low of $46.92 and a 52-week high of $62.24. The stock’s fifty day simple moving average is $58.04 and its 200-day simple moving average is $54.63. The company has a market capitalization of $14.23 billion, a P/E ratio of 20.04, a P/E/G ratio of 3.12 and a beta of 0.62.

Evergy (NYSE:EVRG) last released its earnings results on Friday, August 9th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.01. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. Evergy had a return on equity of 8.50% and a net margin of 13.12%. During the same period in the prior year, the business posted $0.81 earnings per share. As a group, equities research analysts forecast that Evergy, Inc. will post 3.85 earnings per share for the current fiscal year.

Evergy Announces Dividend

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

Analyst Upgrades and Downgrades

Separately, Barclays boosted their target price on Evergy from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Evergy presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.33.

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.