Concurrent Investment Advisors LLC Has $547,000 Stock Position in Evergy, Inc. (NYSE:EVRG)

Concurrent Investment Advisors LLC reduced its position in Evergy, Inc. (NYSE:EVRG) by 12.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 8,820 shares of the company’s stock after selling 1,267 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Evergy were worth $547,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Manning & Napier Advisors LLC purchased a new position in Evergy during the 2nd quarter worth approximately $112,464,000. Wedge Capital Management L L P NC grew its holdings in shares of Evergy by 8.0% during the second quarter. Wedge Capital Management L L P NC now owns 260,331 shares of the company’s stock valued at $13,790,000 after buying an additional 19,193 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in Evergy by 11.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 316,455 shares of the company’s stock valued at $16,892,000 after buying an additional 31,985 shares during the period. Entropy Technologies LP lifted its stake in Evergy by 129.2% in the 1st quarter. Entropy Technologies LP now owns 36,838 shares of the company’s stock worth $1,966,000 after acquiring an additional 20,764 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in Evergy by 4,661.9% in the 1st quarter. Acadian Asset Management LLC now owns 12,381 shares of the company’s stock worth $659,000 after acquiring an additional 12,121 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Trading Up 1.8 %

Shares of NYSE:EVRG opened at $62.51 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.35 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $14.37 billion, a PE ratio of 19.47, a P/E/G ratio of 2.72 and a beta of 0.62. Evergy, Inc. has a 1 year low of $47.97 and a 1 year high of $62.58. The firm has a fifty day moving average price of $60.78 and a 200 day moving average price of $57.14.

Evergy (NYSE:EVRG) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.07. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $2.35 billion. Evergy had a return on equity of 8.50% and a net margin of 13.12%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.88 EPS. Analysts expect that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.27%. The ex-dividend date is Thursday, November 21st. This is an increase from Evergy’s previous quarterly dividend of $0.64. Evergy’s dividend payout ratio (DPR) is 80.06%.

Insider Activity

In related news, SVP Charles A. Caisley sold 9,236 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president now directly owns 33,425 shares of the company’s stock, valued at approximately $1,993,132.75. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Charles A. Caisley sold 9,236 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $59.63, for a total transaction 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 approximately $1,993,132.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Heather A. Humphrey sold 3,347 shares of the firm’s 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 directly owns 35,314 shares in the company, valued at $2,076,463.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,884 shares of company stock valued at $941,810 over the last 90 days. 0.47% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on EVRG. Mizuho started coverage on Evergy in a report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 target price on the stock. Jefferies Financial Group initiated coverage on shares of Evergy in a research note on Thursday, September 19th. They issued a “buy” rating and a $70.00 price objective on the stock. Barclays decreased their target price on shares of Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. UBS Group raised shares of Evergy to a “hold” rating in a research note on Wednesday, September 18th. Finally, Wells Fargo & Company lifted their price objective on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.88.

Evergy Company 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.