Marshall Wace LLP Takes Position in Evergy, Inc. (NYSE:EVRG)

Marshall Wace LLP bought a new position in Evergy, Inc. (NYSE:EVRG) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 526,995 shares of the company’s stock, valued at approximately $27,915,000. Marshall Wace LLP owned about 0.23% of Evergy at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Fairscale Capital LLC purchased a new position in Evergy during the 2nd quarter worth $27,000. Fidelis Capital Partners LLC purchased a new position in Evergy during the first quarter worth about $32,000. Toth Financial Advisory Corp increased its stake in Evergy by 199.5% in the 1st quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock valued at $34,000 after buying an additional 423 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of Evergy during the 2nd quarter worth approximately $37,000. Finally, Hantz Financial Services Inc. purchased a new position in shares of Evergy in the 2nd quarter worth approximately $41,000. Institutional investors own 87.24% of the company’s stock.

Analyst Upgrades and Downgrades

EVRG has been the subject of a number of research analyst reports. Barclays increased their price target on Evergy from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. Jefferies Financial Group started coverage on Evergy in a research note on Thursday, September 19th. 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, September 18th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $60.00.

Insider Transactions at Evergy

In related news, SVP Charles A. Caisley sold 9,236 shares of the business’s stock in a transaction 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 sale, the senior vice president now directly owns 33,425 shares in the company, valued at approximately $1,993,132.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other 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 value of $550,742.68. Following the completion of the transaction, the senior vice president now directly owns 33,425 shares in the company, valued at $1,993,132.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Heather A. Humphrey sold 3,347 shares of the company’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 transaction of $196,803.60. Following the sale, the senior vice president now directly owns 35,314 shares in the company, valued at approximately $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 over the last three months. Company insiders own 0.47% of the company’s stock.

Evergy Stock Down 0.4 %

EVRG stock opened at $61.53 on Friday. Evergy, Inc. has a fifty-two week low of $46.92 and a fifty-two week high of $62.58. The stock has a fifty day moving average of $59.19 and a 200-day moving average of $55.19. The company has a market capitalization of $14.15 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 2.76 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 posted its earnings results on Friday, August 9th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.01. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. Evergy had a net margin of 13.12% and a return on equity of 8.50%. During the same quarter last year, the company earned $0.81 earnings per share. As a group, equities research analysts predict that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, August 20th were given a dividend of $0.6425 per share. The ex-dividend date was Tuesday, August 20th. This represents a $2.57 annualized dividend and a dividend yield of 4.18%. Evergy’s dividend payout ratio is currently 83.17%.

Evergy 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.