PFG Investments LLC Acquires 978 Shares of Evergy, Inc. (NYSE:EVRG)

PFG Investments LLC increased its holdings in Evergy, Inc. (NYSE:EVRG) by 25.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,766 shares of the company’s stock after acquiring an additional 978 shares during the period. PFG Investments LLC’s holdings in Evergy were worth $252,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of EVRG. GPS Wealth Strategies Group LLC grew its holdings in Evergy by 12.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 1,705 shares of the company’s stock valued at $90,000 after purchasing an additional 187 shares during the period. Wealthspire Advisors LLC grew its holdings in Evergy by 1.0% during the first quarter. Wealthspire Advisors LLC now owns 19,009 shares of the company’s stock valued at $1,015,000 after purchasing an additional 192 shares during the period. Blue Trust Inc. grew its holdings in Evergy by 16.3% during the second quarter. Blue Trust Inc. now owns 1,483 shares of the company’s stock valued at $79,000 after purchasing an additional 208 shares during the period. Keeley Teton Advisors LLC grew its holdings in Evergy by 0.6% during the first quarter. Keeley Teton Advisors LLC now owns 37,950 shares of the company’s stock valued at $2,026,000 after purchasing an additional 210 shares during the period. Finally, Verity Asset Management Inc. grew its holdings in Evergy by 5.4% during the fourth quarter. Verity Asset Management Inc. now owns 4,333 shares of the company’s stock valued at $226,000 after purchasing an additional 223 shares during the period. 87.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Ann D. Murtlow sold 3,301 shares of the stock in a transaction on Tuesday, August 13th. The stock was 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 in the company, valued at $167,545.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Ann D. Murtlow sold 3,301 shares of the stock in a transaction on Tuesday, August 13th. The stock was 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 in the company, valued at $167,545.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 completion of the sale, the senior vice president now owns 35,314 shares in the company, valued at approximately $2,076,463.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,884 shares of company stock worth $941,810. Corporate insiders own 0.47% of the company’s stock.

Evergy Price Performance

Evergy stock opened at $61.06 on Friday. Evergy, Inc. has a one year low of $46.92 and a one year high of $61.14. The business has a fifty day moving average price of $57.86 and a 200-day moving average price of $54.48. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.59 and a quick ratio of 0.35. The firm has a market capitalization of $14.04 billion, a P/E ratio of 19.76, a PEG ratio of 3.12 and a beta of 0.62.

Evergy (NYSE:EVRG) last posted its quarterly earnings results on Friday, August 9th. The company reported $0.90 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the company earned $0.81 earnings per share. As a group, equities research analysts forecast that Evergy, Inc. will post 3.85 EPS for the current year.

Evergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Tuesday, August 20th will be given a $0.6425 dividend. The ex-dividend date is Tuesday, August 20th. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.21%. Evergy’s dividend payout ratio (DPR) is presently 83.17%.

Analyst Upgrades and Downgrades

Separately, Barclays raised their price target on Evergy from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $58.33.

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.