Evergy, Inc. (NYSE:EVRG) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers boosted its holdings in shares of Evergy, Inc. (NYSE:EVRG) by 18.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,253 shares of the company’s stock after purchasing an additional 9,715 shares during the period. Cetera Investment Advisers’ holdings in Evergy were worth $3,245,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fairscale Capital LLC acquired a new position in Evergy during the second quarter valued at $27,000. Fidelis Capital Partners LLC acquired a new position in Evergy during the first quarter valued at $32,000. Toth Financial Advisory Corp raised its position in shares of Evergy by 199.5% in the first quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock worth $34,000 after acquiring an additional 423 shares during the period. Rothschild Investment LLC acquired a new position in shares of Evergy in the second quarter worth about $37,000. Finally, Hantz Financial Services Inc. acquired a new position in shares of Evergy in the second quarter worth about $41,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Evergy

In related news, Director Ann D. Murtlow sold 3,301 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were 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 owns 2,847 shares of the company’s stock, valued at approximately $167,545.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Heather A. Humphrey sold 3,347 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were 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 $2,076,463.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ann D. Murtlow sold 3,301 shares of the 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 completion of the sale, the director now directly owns 2,847 shares of the company’s stock, valued at approximately $167,545.95. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,884 shares of company stock valued at $941,810. Corporate insiders own 0.47% of the company’s stock.

Evergy Stock Down 0.9 %

EVRG stock opened at $59.06 on Friday. The stock has a market capitalization of $13.58 billion, a P/E ratio of 19.11, a P/E/G ratio of 2.76 and a beta of 0.62. The firm has a 50-day simple moving average of $59.95 and a 200-day simple moving average of $55.82. The company has a quick ratio of 0.35, a current ratio of 0.59 and a debt-to-equity ratio of 1.23. Evergy, Inc. has a 52 week low of $47.46 and a 52 week high of $62.58.

Evergy (NYSE:EVRG) last released its 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 net margin of 13.12% and a return on equity of 8.50%. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the company earned $0.81 earnings per share. Equities analysts forecast that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Tuesday, August 20th were paid a dividend of $0.6425 per share. The ex-dividend date was Tuesday, August 20th. This represents a $2.57 annualized dividend and a yield of 4.35%. Evergy’s dividend payout ratio is presently 83.17%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on EVRG. UBS Group upgraded shares of Evergy to a “hold” rating in a research report on Wednesday, September 18th. Barclays upped their price objective 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. Finally, Jefferies Financial Group began coverage on shares of Evergy in a research report on Thursday, September 19th. They issued a “buy” rating and a $70.00 price objective for the company. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

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.