Scientech Research LLC Invests $294,000 in Evergy, Inc. (NYSE:EVRG)

Scientech Research LLC bought a new stake in Evergy, Inc. (NYSE:EVRG) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 5,542 shares of the company’s stock, valued at approximately $294,000.

Other hedge funds have also bought and sold shares of the company. Fairscale Capital LLC acquired a new position in shares of Evergy in the second quarter valued at $27,000. Fidelis Capital Partners LLC acquired a new position in Evergy in the 1st quarter valued at about $32,000. Toth Financial Advisory Corp raised its holdings 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 acquiring an additional 423 shares during the period. Rothschild Investment LLC bought a new position in Evergy in the 2nd quarter valued at about $37,000. Finally, Hantz Financial Services Inc. acquired a new stake in Evergy during the second quarter worth approximately $41,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Evergy

In related news, Director Ann D. Murtlow sold 3,301 shares of Evergy stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total value of $194,263.85. Following the transaction, the director now directly owns 2,847 shares of the company’s stock, valued at $167,545.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, SVP Charles A. Caisley sold 9,236 shares of the stock in a transaction dated 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 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 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 shares were sold at an average price of $58.85, for a total transaction of $194,263.85. Following the sale, 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. In the last 90 days, insiders sold 15,884 shares of company stock valued at $941,810. Company insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

EVRG has been the topic of several research reports. Barclays upped their target price on Evergy from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. UBS Group raised Evergy to a “hold” rating in a report on Wednesday, September 18th. Finally, Jefferies Financial Group assumed coverage on Evergy in a report on Thursday, September 19th. They set a “buy” rating and a $70.00 target price for the company. 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 data from MarketBeat, Evergy currently has an average rating of “Moderate Buy” and an average price target of $60.00.

Evergy Price Performance

Evergy stock opened at $62.01 on Tuesday. The firm has a market cap of $14.26 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 2.76 and a beta of 0.62. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.59 and a quick ratio of 0.35. The stock’s fifty day moving average price is $59.45 and its two-hundred day moving average price is $55.40. Evergy, Inc. has a one year low of $46.92 and a one year high of $62.58.

Evergy (NYSE:EVRG) last issued its quarterly earnings results 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 return on equity of 8.50% and a net margin of 13.12%. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the business earned $0.81 earnings per share. As a group, research analysts expect that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Tuesday, August 20th were issued a dividend of $0.6425 per share. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend was Tuesday, August 20th. Evergy’s dividend payout ratio (DPR) is presently 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.