Evergreen Capital Management LLC Grows Position in Evergy, Inc. (NYSE:EVRG)

Evergreen Capital Management LLC boosted its stake in Evergy, Inc. (NYSE:EVRG) by 17.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,560 shares of the company’s stock after buying an additional 1,098 shares during the period. Evergreen Capital Management LLC’s holdings in Evergy were worth $400,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Fairscale Capital LLC purchased a new stake in shares of Evergy in the 2nd quarter valued at approximately $27,000. Fidelis Capital Partners LLC purchased a new stake in Evergy in the first quarter valued at approximately $32,000. Toth Financial Advisory Corp lifted its stake in Evergy by 199.5% during the first 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 shares of Evergy during the second quarter worth $37,000. Finally, Hantz Financial Services Inc. purchased a new position in shares of Evergy during the second quarter worth $41,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Stock Down 0.4 %

EVRG stock opened at $61.53 on Friday. The company’s 50 day moving average price is $59.19 and its 200 day moving average price is $55.19. The firm has a market capitalization of $14.15 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 2.76 and a beta of 0.62. Evergy, Inc. has a fifty-two week low of $46.92 and a fifty-two week high of $62.58. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.35 and a current ratio of 0.59.

Evergy (NYSE:EVRG) last announced its quarterly earnings data on Friday, August 9th. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The company had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. Evergy had a net margin of 13.12% and a return on equity of 8.50%. During the same period in the prior year, the firm posted $0.81 EPS. On average, equities research analysts anticipate that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Tuesday, August 20th were given a dividend of $0.6425 per share. The ex-dividend date was Tuesday, August 20th. This represents a $2.57 annualized dividend and a dividend yield of 4.18%. Evergy’s dividend payout ratio is currently 83.17%.

Insider Activity

In related news, SVP Heather A. Humphrey sold 3,347 shares of the business’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 transaction of $196,803.60. Following the completion of the sale, the senior vice president now owns 35,314 shares in the company, valued at $2,076,463.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, SVP Charles A. Caisley sold 9,236 shares of Evergy stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $59.63, for a total transaction of $550,742.68. Following the sale, the senior vice president now owns 33,425 shares in the company, valued at $1,993,132.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Heather A. Humphrey sold 3,347 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total value of $196,803.60. Following the completion of the sale, the senior vice president now directly owns 35,314 shares of the company’s stock, valued at $2,076,463.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,884 shares of company stock worth $941,810. 0.47% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on EVRG. UBS Group raised Evergy to a “hold” rating in a research note on Wednesday, September 18th. Jefferies Financial Group assumed coverage on shares of Evergy in a research report on Thursday, September 19th. They set a “buy” rating and a $70.00 price target on the stock. Finally, Barclays raised their price objective on shares of Evergy from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Evergy currently has a consensus rating of “Moderate Buy” and an average 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.