New Century Financial Group LLC Sells 377 Shares of Evergy, Inc. (NYSE:EVRG)

New Century Financial Group LLC cut its holdings in Evergy, Inc. (NYSE:EVRG) by 8.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,018 shares of the company’s stock after selling 377 shares during the quarter. New Century Financial Group LLC’s holdings in Evergy were worth $213,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EVRG. Fairscale Capital LLC bought a new position in shares of Evergy during the 2nd quarter worth approximately $27,000. Fidelis Capital Partners LLC purchased a new stake in Evergy in the first quarter valued at about $32,000. Toth Financial Advisory Corp boosted its holdings in Evergy by 199.5% in the first quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock worth $34,000 after acquiring an additional 423 shares in the last quarter. Rothschild Investment LLC acquired a new stake in Evergy in the 2nd quarter worth approximately $37,000. Finally, Hantz Financial Services Inc. purchased a new stake in Evergy during the 2nd quarter worth approximately $41,000. 87.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on EVRG. UBS Group raised Evergy to a “hold” rating in a research report on Wednesday, September 18th. Jefferies Financial Group assumed coverage on shares of Evergy in a report on Thursday, September 19th. They issued a “buy” rating and a $70.00 price target on the stock. Finally, Barclays lifted 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Evergy Stock Down 0.6 %

EVRG opened at $61.27 on Thursday. 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. The stock has a market capitalization of $14.09 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 2.76 and a beta of 0.62. The company has a fifty day moving average of $59.58 and a two-hundred day moving average of $55.47.

Evergy (NYSE:EVRG) last announced its earnings results on Friday, August 9th. The company reported $0.90 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the company posted $0.81 EPS. On average, research analysts expect that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Dividend Announcement

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 4.19%. The ex-dividend date of this dividend was Tuesday, August 20th. Evergy’s dividend payout ratio is presently 83.17%.

Insider Buying and Selling

In related news, 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 transaction of $550,742.68. Following the completion of the sale, the senior vice president now directly owns 33,425 shares in the company, valued at $1,993,132.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, 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 transaction of $550,742.68. Following the transaction, the senior vice president now directly owns 33,425 shares in the company, valued at approximately $1,993,132.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ann D. Murtlow sold 3,301 shares of the company’s stock in a transaction on 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 of the company’s stock, valued at $167,545.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,884 shares of company stock worth $941,810. Insiders own 0.47% of the company’s stock.

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.