Huber Capital Management LLC Has $723,000 Stock Holdings in Evergy, Inc. (NYSE:EVRG)

Huber Capital Management LLC lessened its holdings in Evergy, Inc. (NYSE:EVRG) by 3.5% in the second quarter, HoldingsChannel reports. The fund owned 13,658 shares of the company’s stock after selling 490 shares during the period. Huber Capital Management LLC’s holdings in Evergy were worth $723,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Gilbert & Cook Inc. grew its position in Evergy by 4.7% during the fourth quarter. Gilbert & Cook Inc. now owns 7,008 shares of the company’s stock worth $366,000 after buying an additional 317 shares in the last quarter. Principal Securities Inc. bought a new position in shares of Evergy in the fourth quarter worth $43,000. Dimensional Fund Advisors LP increased its position in shares of Evergy by 5.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,004,153 shares of the company’s stock worth $52,417,000 after purchasing an additional 48,194 shares during the period. PNC Financial Services Group Inc. raised its stake in Evergy by 63.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 34,894 shares of the company’s stock valued at $1,821,000 after purchasing an additional 13,493 shares in the last quarter. Finally, Coldstream Capital Management Inc. acquired a new stake in Evergy during the fourth quarter worth about $272,000. Institutional investors own 87.24% of the company’s stock.

Insider Buying and Selling

In other news, SVP Charles A. Caisley sold 9,236 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $1,993,132.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 directly owns 35,314 shares in the company, valued at $2,076,463.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Charles A. Caisley sold 9,236 shares of the firm’s stock in a transaction that occurred 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 owns 33,425 shares of the company’s stock, 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 in the last ninety days. Company insiders own 0.47% of the company’s stock.

Evergy Stock Performance

Shares of Evergy stock opened at $61.65 on Friday. The company’s 50 day moving average price is $58.63 and its two-hundred day moving average price is $54.89. The firm has a market capitalization of $14.18 billion, a P/E ratio of 19.95, a P/E/G ratio of 3.12 and a beta of 0.62. Evergy, Inc. has a fifty-two week low of $46.92 and a fifty-two week high of $62.24. 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 (NYSE:EVRG) last released its quarterly earnings data on Friday, August 9th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. Evergy had a return on equity of 8.50% and a net margin of 13.12%. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the business posted $0.81 EPS. On average, equities analysts forecast that Evergy, Inc. will post 3.85 earnings per share for the current fiscal year.

Evergy Dividend Announcement

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

Wall Street Analyst Weigh In

EVRG has been the subject of a number of recent analyst reports. Jefferies Financial Group initiated coverage on shares of Evergy in a report on Thursday. They set a “buy” rating and a $70.00 price target for the company. UBS Group upgraded Evergy to a “hold” rating in a research note on Wednesday. Finally, Barclays lifted their price target on Evergy from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $60.00.

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.