Oppenheimer & Co. Inc. Sells 817 Shares of Evergy, Inc. (NYSE:EVRG)

Oppenheimer & Co. Inc. decreased its position in shares of Evergy, Inc. (NYSE:EVRG) by 0.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 93,156 shares of the company’s stock after selling 817 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Evergy were worth $4,934,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Johnson Investment Counsel Inc. raised its position in shares of Evergy by 3.5% during the second quarter. Johnson Investment Counsel Inc. now owns 9,144 shares of the company’s stock worth $484,000 after acquiring an additional 309 shares during the last quarter. Y.D. More Investments Ltd bought a new stake in Evergy during the 2nd quarter worth about $116,000. HHM Wealth Advisors LLC lifted its position in Evergy by 668.1% during the 2nd quarter. HHM Wealth Advisors LLC now owns 2,074 shares of the company’s stock valued at $110,000 after purchasing an additional 1,804 shares during the period. Headlands Technologies LLC boosted its stake in shares of Evergy by 60.1% in the 2nd quarter. Headlands Technologies LLC now owns 65,820 shares of the company’s stock valued at $3,486,000 after purchasing an additional 24,701 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of Evergy by 9.1% during the 2nd quarter. Daiwa Securities Group Inc. now owns 25,018 shares of the company’s stock worth $1,325,000 after buying an additional 2,084 shares during the period. 87.24% of the stock is currently owned by institutional investors.

Insider Activity

In related news, SVP Heather A. Humphrey sold 3,347 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total transaction of $196,803.60. Following the completion of the sale, the senior vice president now directly owns 35,314 shares of the company’s stock, valued at approximately $2,076,463.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Evergy news, SVP Heather A. Humphrey sold 3,347 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total transaction of $196,803.60. Following the completion of the transaction, the senior vice president now owns 35,314 shares in the company, valued at approximately $2,076,463.20. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ann D. Murtlow sold 3,301 shares of the business’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 completion of the sale, the director now owns 2,847 shares in the company, valued at $167,545.95. The disclosure for this sale can be found here. Insiders have sold 15,884 shares of company stock worth $941,810 in the last 90 days. Corporate insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barclays raised 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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Evergy has a consensus rating of “Moderate Buy” and an average target price of $58.33.

Evergy Stock Up 1.2 %

Evergy stock opened at $61.06 on Friday. The firm has a market capitalization of $14.04 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 3.12 and a beta of 0.62. The company’s 50 day simple moving average is $57.86 and its 200 day simple moving average is $54.51. 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 fifty-two week low of $46.92 and a fifty-two week high of $61.14.

Evergy (NYSE:EVRG) last announced its quarterly earnings results on Friday, August 9th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the firm posted $0.81 earnings per share. As a group, sell-side analysts anticipate that Evergy, Inc. will post 3.85 EPS for the current year.

Evergy Dividend Announcement

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

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.