J.W. Cole Advisors Inc. Increases Stake in Evergy, Inc. (NYSE:EVRG)

J.W. Cole Advisors Inc. boosted its stake in shares of Evergy, Inc. (NYSE:EVRG) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,650 shares of the company’s stock after purchasing an additional 227 shares during the period. J.W. Cole Advisors Inc.’s holdings in Evergy were worth $829,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Fidelis Capital Partners LLC purchased a new stake in shares of Evergy during the first quarter valued at $32,000. Toth Financial Advisory Corp increased its holdings in shares of Evergy by 199.5% in the first quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock valued at $34,000 after purchasing an additional 423 shares during the period. Rothschild Investment LLC purchased a new position in shares of Evergy in the second quarter worth about $37,000. Hantz Financial Services Inc. purchased a new position in shares of Evergy in the second quarter worth about $41,000. Finally, Riverview Trust Co acquired a new stake in shares of Evergy during the first quarter worth about $43,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Insider Transactions at Evergy

In related news, SVP Charles A. Caisley sold 9,236 shares of Evergy stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $59.63, for a total value of $550,742.68. Following the completion of the transaction, the senior vice president now owns 33,425 shares in the company, valued at approximately $1,993,132.75. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, SVP Charles A. Caisley sold 9,236 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total value of $550,742.68. Following the completion of the sale, the senior vice president now owns 33,425 shares of the company’s stock, valued at approximately $1,993,132.75. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ann D. Murtlow sold 3,301 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total transaction of $194,263.85. Following the transaction, the director now directly owns 2,847 shares in the company, valued at $167,545.95. The disclosure for this sale can be found here. Insiders have sold a total of 15,884 shares of company stock valued at $941,810 in the last ninety days. 0.47% of the stock is currently owned by corporate insiders.

Evergy Stock Up 1.6 %

Evergy stock opened at $62.01 on Tuesday. The business’s 50-day moving average price is $57.86 and its 200 day moving average price is $54.54. The company has a quick ratio of 0.35, a current ratio of 0.59 and a debt-to-equity ratio of 1.23. The firm has a market cap of $14.26 billion, a price-to-earnings ratio of 20.07, a price-to-earnings-growth ratio of 3.12 and a beta of 0.62. Evergy, Inc. has a 52 week low of $46.92 and a 52 week high of $62.24.

Evergy (NYSE:EVRG) last issued its quarterly earnings data 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 net margin of 13.12% and a return on equity of 8.50%. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the company earned $0.81 EPS. As a group, sell-side analysts anticipate that Evergy, Inc. will post 3.85 earnings per share for the current year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Tuesday, August 20th will be given a $0.6425 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.14%. Evergy’s dividend payout ratio (DPR) is currently 83.17%.

Wall Street Analysts Forecast Growth

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

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.