Evergy, Inc. (NYSE:EVRG) Shares Sold by Private Advisor Group LLC

Private Advisor Group LLC cut its holdings in shares of Evergy, Inc. (NYSE:EVRG) by 5.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,520 shares of the company’s stock after selling 807 shares during the period. Private Advisor Group LLC’s holdings in Evergy were worth $716,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in EVRG. Manning & Napier Advisors LLC acquired a new stake in shares of Evergy during the 2nd quarter valued at $112,464,000. Wedge Capital Management L L P NC increased its stake in Evergy by 8.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 260,331 shares of the company’s stock worth $13,790,000 after purchasing an additional 19,193 shares in the last quarter. State Board of Administration of Florida Retirement System raised its holdings in Evergy by 11.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 316,455 shares of the company’s stock worth $16,892,000 after buying an additional 31,985 shares during the period. APG Asset Management US Inc. purchased a new stake in Evergy during the fourth quarter valued at about $2,057,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Evergy by 4.8% in the fourth quarter. Vanguard Group Inc. now owns 30,757,415 shares of the company’s stock worth $1,605,537,000 after buying an additional 1,399,199 shares during the period. 87.24% of the stock is currently owned by institutional investors.

Evergy Stock Performance

EVRG stock opened at $61.91 on Wednesday. The firm has a 50 day simple moving average of $58.04 and a 200 day simple moving average of $54.63. Evergy, Inc. has a 52 week low of $46.92 and a 52 week high of $62.24. The stock has a market cap of $14.23 billion, a P/E ratio of 20.06, a P/E/G ratio of 3.12 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 (NYSE:EVRG) last issued its earnings results on Friday, August 9th. The company reported $0.90 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the business posted $0.81 EPS. Research analysts anticipate that Evergy, Inc. will post 3.85 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The company also recently announced 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. This represents a $2.57 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend is Tuesday, August 20th. Evergy’s payout ratio is currently 83.17%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Evergy

In related news, SVP Heather A. Humphrey sold 3,347 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $2,076,463.20. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Evergy news, SVP Charles A. Caisley sold 9,236 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total transaction of $550,742.68. Following the transaction, the senior vice president now directly owns 33,425 shares of the company’s stock, valued at $1,993,132.75. The transaction 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 firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total value of $196,803.60. Following the transaction, the senior vice president now owns 35,314 shares in the company, valued at $2,076,463.20. The disclosure for this sale can be found here. Insiders sold 15,884 shares of company stock valued at $941,810 in the last three months. Corporate insiders own 0.47% of the company’s stock.

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.