Evergy, Inc. (NYSE:EVRG) Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC lifted its stake in shares of Evergy, Inc. (NYSE:EVRG) by 28.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,051 shares of the company’s stock after purchasing an additional 7,484 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Evergy were worth $1,792,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. GPS Wealth Strategies Group LLC raised its position in Evergy by 12.3% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,705 shares of the company’s stock worth $90,000 after buying an additional 187 shares during the last quarter. Wealthspire Advisors LLC raised its holdings in Evergy by 1.0% during the first quarter. Wealthspire Advisors LLC now owns 19,009 shares of the company’s stock worth $1,015,000 after purchasing an additional 192 shares in the last quarter. Blue Trust Inc. lifted its position in Evergy by 16.3% in 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 boosted its holdings in Evergy by 0.6% in the 1st 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 in the last quarter. Finally, J.W. Cole Advisors Inc. increased its position in Evergy by 1.5% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 15,650 shares of the company’s stock worth $829,000 after purchasing an additional 227 shares during the period. 87.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EVRG has been the subject of several recent analyst reports. Barclays raised their price target on Evergy from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Tuesday, August 13th. Jefferies Financial Group began coverage on shares of Evergy in a research report on Thursday. They set a “buy” rating and a $70.00 target price on the stock. Finally, UBS Group upgraded shares of Evergy to a “hold” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Evergy has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Evergy Stock Up 0.9 %

Evergy stock opened at $61.65 on Friday. The firm has a market capitalization of $14.18 billion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth 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, Inc. has a fifty-two week low of $46.92 and a fifty-two week high of $62.24. The stock’s fifty day moving average is $58.63 and its two-hundred day moving average is $54.92.

Evergy (NYSE:EVRG) last posted its earnings results on Friday, August 9th. The company reported $0.90 earnings per share for the quarter, beating 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 firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the firm posted $0.81 EPS. Analysts predict that Evergy, Inc. will post 3.85 EPS for the current fiscal year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Tuesday, August 20th were paid a $0.6425 dividend. This represents a $2.57 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend was Tuesday, August 20th. Evergy’s payout ratio is currently 83.17%.

Insider Buying and Selling at Evergy

In other news, Director Ann D. Murtlow sold 3,301 shares of the business’s 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 completion of the transaction, the director now directly owns 2,847 shares of the company’s stock, valued at $167,545.95. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, SVP Charles A. Caisley sold 9,236 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now owns 33,425 shares in the company, valued at $1,993,132.75. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ann D. Murtlow sold 3,301 shares of Evergy 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 completion of the sale, the director now directly owns 2,847 shares of the company’s stock, valued at $167,545.95. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,884 shares of company stock worth $941,810. 0.47% of the stock is owned by insiders.

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.