Evergy, Inc. (NYSE:EVRG) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lowered its holdings in Evergy, Inc. (NYSE:EVRG) by 14.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 773,153 shares of the company’s stock after selling 129,858 shares during the quarter. Bank of Montreal Can owned 0.34% of Evergy worth $43,072,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in EVRG. Point72 Asset Management L.P. lifted its holdings in Evergy by 1,038.7% in the fourth quarter. Point72 Asset Management L.P. now owns 3,612,200 shares of the company’s stock valued at $188,557,000 after acquiring an additional 3,294,967 shares during the period. Manning & Napier Advisors LLC acquired a new position in shares of Evergy in the 2nd quarter valued at $112,464,000. Zimmer Partners LP boosted its holdings in Evergy by 781.4% during the first quarter. Zimmer Partners LP now owns 2,326,385 shares of the company’s stock worth $124,182,000 after buying an additional 2,062,434 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in Evergy during the fourth quarter valued at $89,832,000. Finally, Vanguard Group Inc. increased its holdings in Evergy by 4.8% in the fourth quarter. Vanguard Group Inc. now owns 30,757,415 shares of the company’s stock valued at $1,605,537,000 after buying an additional 1,399,199 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Insider Activity

In related news, Director Ann D. Murtlow sold 3,301 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total transaction of $194,263.85. Following the transaction, the director now directly owns 2,847 shares in the company, valued at $167,545.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total value of $194,263.85. Following the completion of the sale, the director now owns 2,847 shares in the company, valued at approximately $167,545.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Charles A. Caisley sold 9,236 shares of the business’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 value of $550,742.68. Following the transaction, the senior vice president now owns 33,425 shares in the company, valued at $1,993,132.75. The disclosure for this sale can be found here. Insiders sold 15,884 shares of company stock worth $941,810 over the last three months. Insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

EVRG has been the topic of several recent analyst reports. UBS Group raised shares of Evergy to a “hold” rating in a research note on Wednesday, September 18th. Jefferies Financial Group assumed coverage on 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 boosted their price objective on Evergy from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. Three equities research 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, Evergy has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Evergy Trading Down 0.4 %

EVRG stock opened at $61.53 on Friday. Evergy, Inc. has a 12-month low of $46.92 and a 12-month high of $62.58. The business’s 50-day moving average is $59.19 and its 200 day moving average is $55.19. The company has a current ratio of 0.59, a quick ratio of 0.35 and a debt-to-equity ratio of 1.23. The stock has a market cap 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 (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. Evergy had a return on equity of 8.50% and a net margin of 13.12%. The business 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 earnings per share. On average, sell-side analysts anticipate that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders 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 dividend yield of 4.18%. The ex-dividend date of this dividend was Tuesday, August 20th. Evergy’s payout ratio is 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.