Delap Wealth Advisory LLC Boosts Holdings in Evergy, Inc. (NYSE:EVRG)

Delap Wealth Advisory LLC increased its holdings in Evergy, Inc. (NYSE:EVRG) by 82.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,697 shares of the company’s stock after purchasing an additional 3,941 shares during the period. Delap Wealth Advisory LLC’s holdings in Evergy were worth $461,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in EVRG. Fairscale Capital LLC purchased a new position in Evergy in the 2nd quarter worth approximately $27,000. Fidelis Capital Partners LLC purchased a new position in Evergy in the 1st quarter worth approximately $32,000. Toth Financial Advisory Corp lifted its holdings in Evergy by 199.5% in the 1st quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock worth $34,000 after purchasing an additional 423 shares in the last quarter. Rothschild Investment LLC purchased a new position in Evergy in the 2nd quarter worth approximately $37,000. Finally, Hantz Financial Services Inc. purchased a new position in Evergy in the 2nd quarter worth approximately $41,000. 87.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Evergy

In related news, SVP Heather A. Humphrey sold 3,347 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total transaction of $196,803.60. Following the completion of the transaction, the senior vice president now owns 35,314 shares in the company, valued at approximately $2,076,463.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, SVP Heather A. Humphrey sold 3,347 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total transaction of $196,803.60. Following the completion of the transaction, the senior vice president now owns 35,314 shares in the company, valued at approximately $2,076,463.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Charles A. Caisley sold 9,236 shares of the business’s stock in a transaction 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 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 sold a total of 15,884 shares of company stock worth $941,810 in the last quarter. 0.47% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on EVRG. Barclays lifted their price objective on Evergy from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. UBS Group raised Evergy to a “hold” rating in a research note on Wednesday. Finally, Jefferies Financial Group began coverage on Evergy in a research note on Thursday. They issued a “buy” rating and a $70.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $60.00.

Evergy Stock Performance

NYSE EVRG opened at $61.65 on Friday. The company has a market cap 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. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.35 and a current ratio of 0.59. The business’s 50 day moving average price is $58.63 and its 200-day moving average price is $54.92. Evergy, Inc. has a fifty-two week low of $46.92 and a fifty-two week high of $62.24.

Evergy (NYSE:EVRG) last released its earnings results 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. 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 quarter in the previous year, the company posted $0.81 EPS. Sell-side analysts predict that Evergy, Inc. will post 3.85 earnings per share for the current 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 dividend of $0.6425 per share. This represents a $2.57 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date was Tuesday, August 20th. Evergy’s payout ratio is currently 83.17%.

About Evergy

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.