Private Advisor Group LLC Increases Holdings in Evergy, Inc. (NYSE:EVRG)

Private Advisor Group LLC increased its stake in shares of Evergy, Inc. (NYSE:EVRG) by 3.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,001 shares of the company’s stock after acquiring an additional 481 shares during the period. Private Advisor Group LLC’s holdings in Evergy were worth $868,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Fairscale Capital LLC acquired a new stake in shares of Evergy in the second quarter worth approximately $27,000. Fidelis Capital Partners LLC purchased a new stake in Evergy in the first quarter valued at $32,000. Hexagon Capital Partners LLC raised its position in Evergy by 47.1% in the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after purchasing an additional 170 shares during the period. Rothschild Investment LLC acquired a new stake in shares of Evergy in the second quarter valued at $37,000. Finally, Hantz Financial Services Inc. acquired a new stake in shares of Evergy in the second quarter valued at $41,000. 87.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on EVRG. Jefferies Financial Group began coverage on Evergy in a research note on Thursday, September 19th. They set a “buy” rating and a $70.00 target price for the company. UBS Group raised Evergy to a “hold” rating in a report on Wednesday, September 18th. Barclays reduced their target price on Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Mizuho began coverage on Evergy in a research note on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price objective for the company. Finally, Wells Fargo & Company increased their target price on Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Evergy presently has a consensus rating of “Moderate Buy” and an average target price of $61.88.

Insider Buying and Selling

In related news, SVP Heather A. Humphrey sold 3,347 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total value of $196,803.60. Following the transaction, the senior vice president now directly owns 35,314 shares of the company’s stock, valued at approximately $2,076,463.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Evergy news, SVP Heather A. Humphrey sold 3,347 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total value of $196,803.60. Following the transaction, the senior vice president now directly owns 35,314 shares of the company’s stock, valued at $2,076,463.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ann D. Murtlow sold 3,301 shares of the firm’s 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 sale, the director now owns 2,847 shares of the company’s stock, valued at $167,545.95. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,884 shares of company stock valued at $941,810. 0.47% of the stock is currently owned by company insiders.

Evergy Price Performance

Shares of NYSE:EVRG opened at $59.58 on Friday. The business’s fifty day moving average price is $60.56 and its two-hundred day moving average price is $56.75. The stock has a market cap of $13.70 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 2.69 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. Evergy, Inc. has a one year low of $47.97 and a one year high of $62.58.

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

Evergy Announces Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 4.31%. The ex-dividend date was Tuesday, August 20th. Evergy’s dividend payout ratio (DPR) is 80.06%.

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.