Eastern Bank Buys Shares of 3,963 Evergy, Inc. (NYSE:EVRG)

Eastern Bank bought a new stake in shares of Evergy, Inc. (NYSE:EVRG) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 3,963 shares of the company’s stock, valued at approximately $246,000.

Several other institutional investors have also recently added to or reduced their stakes in EVRG. Hexagon Capital Partners LLC boosted its holdings in shares of Evergy by 47.1% during the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after acquiring an additional 170 shares during the period. GPS Wealth Strategies Group LLC boosted its holdings in shares of 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 acquiring an additional 187 shares during the period. Wealthspire Advisors LLC boosted its holdings in shares of 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 acquiring an additional 192 shares during the period. Blue Trust Inc. boosted its holdings in shares of 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 acquiring an additional 208 shares during the period. Finally, Keeley Teton Advisors LLC boosted its holdings in shares of 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 acquiring an additional 210 shares during the period. Institutional investors own 87.24% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on EVRG. Wells Fargo & Company boosted their price target on shares of Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. UBS Group raised shares of Evergy to a “hold” rating in a report on Wednesday, September 18th. Barclays reduced their price objective on shares of Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Monday. Finally, Jefferies Financial Group started coverage on shares of Evergy in a report on Thursday, September 19th. They issued a “buy” rating and a $70.00 price objective for the company. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $61.14.

Evergy Stock Performance

Shares of EVRG opened at $61.64 on Friday. The firm’s 50 day moving average is $60.34 and its 200-day moving average is $56.39. The stock has a market capitalization of $14.17 billion, a P/E ratio of 19.95, a P/E/G ratio of 2.65 and a beta of 0.62. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.59 and a quick ratio of 0.35. Evergy, Inc. has a 12-month low of $47.97 and a 12-month 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, topping the consensus estimate of $0.89 by $0.01. Evergy had a net margin of 13.12% and a return on equity of 8.50%. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the company posted $0.81 earnings per share. Equities research analysts anticipate 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. Investors of record on Tuesday, August 20th were given a dividend of $0.6425 per share. This represents a $2.57 annualized dividend and a yield of 4.17%. The ex-dividend date of this dividend was Tuesday, August 20th. Evergy’s payout ratio is presently 83.17%.

Insider Activity at Evergy

In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of the 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 transaction, the director now owns 2,847 shares in the company, valued at $167,545.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Evergy news, SVP Charles A. Caisley sold 9,236 shares of the 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 owns 33,425 shares in the company, valued at $1,993,132.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ann D. Murtlow sold 3,301 shares of the firm’s stock in a transaction 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 owns 2,847 shares in the company, valued at approximately $167,545.95. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,884 shares of company stock valued at $941,810. 0.47% of the stock is currently owned by corporate insiders.

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.