Evergy, Inc. (NYSE:EVRG) Shares Acquired by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its stake in shares of Evergy, Inc. (NYSE:EVRG) by 1.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,563 shares of the company’s stock after acquiring an additional 212 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Evergy were worth $1,138,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of EVRG. Hexagon Capital Partners LLC lifted its position in Evergy by 47.1% during the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock worth $33,000 after acquiring an additional 170 shares during the period. GPS Wealth Strategies Group LLC boosted its position in Evergy by 12.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,705 shares of the company’s stock valued at $90,000 after buying an additional 187 shares during the last quarter. Wealthspire Advisors LLC increased its holdings in Evergy by 1.0% in the 1st quarter. Wealthspire Advisors LLC now owns 19,009 shares of the company’s stock worth $1,015,000 after buying an additional 192 shares during the period. Blue Trust Inc. raised its position in Evergy by 16.3% during the 2nd quarter. Blue Trust Inc. now owns 1,483 shares of the company’s stock worth $79,000 after buying an additional 208 shares during the last quarter. Finally, Keeley Teton Advisors LLC lifted its stake in Evergy by 0.6% during the 1st quarter. Keeley Teton Advisors LLC now owns 37,950 shares of the company’s stock valued at $2,026,000 after acquiring an additional 210 shares during the period. 87.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EVRG has been the subject of several recent research reports. Wells Fargo & Company raised their target price on shares of Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. UBS Group upgraded Evergy to a “hold” rating in a research note on Wednesday, September 18th. Jefferies Financial Group assumed coverage on Evergy in a research note on Thursday, September 19th. They issued a “buy” rating and a $70.00 target price on the stock. Mizuho started coverage on Evergy in a research report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price target for the company. Finally, Barclays lowered their price objective on Evergy from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.88.

Insider Activity at Evergy

In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $58.85, for a total transaction of $194,263.85. Following the completion of the sale, the director now directly owns 2,847 shares in the company, valued at approximately $167,545.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of Evergy stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total transaction of $194,263.85. Following the sale, the director now owns 2,847 shares of the company’s stock, valued at $167,545.95. The trade was a 0.00 % decrease in their position. The sale 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 company’s 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 sale, the senior vice president now directly owns 33,425 shares of the company’s stock, valued at $1,993,132.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,884 shares of company stock valued at $941,810. 0.47% of the stock is owned by corporate insiders.

Evergy Stock Performance

Shares of EVRG stock opened at $59.58 on Friday. The company has a market capitalization of $13.70 billion, a P/E ratio of 18.56, a P/E/G ratio of 2.69 and a beta of 0.62. Evergy, Inc. has a 12-month low of $47.97 and a 12-month high of $62.58. The business’s 50 day moving average is $60.56 and its two-hundred day moving average is $56.75. The company has a current ratio of 0.59, a quick ratio of 0.35 and a debt-to-equity ratio of 1.23.

Evergy (NYSE:EVRG) last released its quarterly earnings results on Friday, August 9th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Evergy had a net margin of 13.12% and a return on equity of 8.50%. During the same quarter last year, the company earned $0.81 EPS. Analysts expect that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Tuesday, August 20th were paid a $0.6425 dividend. This represents a $2.57 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend was Tuesday, August 20th. Evergy’s dividend payout ratio is presently 80.06%.

Evergy Company 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.