Evergy, Inc. (NYSE:EVRG) Shares Bought by Allworth Financial LP

Allworth Financial LP increased its position in shares of Evergy, Inc. (NYSE:EVRG) by 40.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,321 shares of the company’s stock after purchasing an additional 1,246 shares during the period. Allworth Financial LP’s holdings in Evergy were worth $268,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Manning & Napier Advisors LLC acquired a new position in shares of Evergy during the 2nd quarter worth about $112,464,000. Zimmer Partners LP increased its stake in Evergy by 781.4% in the first quarter. Zimmer Partners LP now owns 2,326,385 shares of the company’s stock valued at $124,182,000 after purchasing an additional 2,062,434 shares during the last quarter. Millennium Management LLC increased its stake in Evergy by 38.6% in the second quarter. Millennium Management LLC now owns 3,683,000 shares of the company’s stock valued at $195,089,000 after purchasing an additional 1,026,374 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Evergy during the second quarter worth approximately $50,044,000. Finally, AQR Capital Management LLC lifted its position in shares of Evergy by 147.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,193,382 shares of the company’s stock worth $63,213,000 after buying an additional 711,785 shares during the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Wall Street Analysts Forecast Growth

EVRG has been the topic of several research analyst reports. Wells Fargo & Company lifted their price target on shares of Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Jefferies Financial Group began coverage on Evergy in a report on Thursday, September 19th. They issued a “buy” rating and a $70.00 target price for the company. UBS Group upgraded Evergy to a “hold” rating in a research note on Wednesday, September 18th. Barclays reduced their price objective on Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. Finally, Mizuho began coverage on shares of Evergy in a research report on Tuesday. They set an “outperform” rating and a $67.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.88.

Evergy Stock Up 0.3 %

Shares of Evergy stock opened at $60.06 on Thursday. The company has a market cap of $13.81 billion, a P/E ratio of 19.44, a PEG ratio of 2.74 and a beta of 0.62. The firm has a fifty day moving average of $60.49 and a two-hundred day moving average of $56.66. 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 one year low of $47.97 and a one year high of $62.58.

Evergy (NYSE:EVRG) last released its earnings results on Friday, August 9th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the previous year, the firm posted $0.81 EPS. On average, analysts forecast that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Tuesday, August 20th were issued a $0.6425 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.28%. Evergy’s dividend payout ratio is presently 83.17%.

Insider Activity

In other Evergy 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 transaction, the director now directly owns 2,847 shares in the company, valued at approximately $167,545.95. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Evergy news, SVP Heather A. Humphrey sold 3,347 shares of Evergy stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total transaction of $196,803.60. Following the completion of the transaction, the senior vice president now owns 35,314 shares in the company, valued at approximately $2,076,463.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 owns 2,847 shares in the company, valued at $167,545.95. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 15,884 shares of company stock worth $941,810 in the last 90 days. 0.47% of the stock is currently owned by corporate 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.