B. Metzler seel. Sohn & Co. Holding AG Buys Shares of 4,524 Evergy, Inc. (NYSE:EVRG)

B. Metzler seel. Sohn & Co. Holding AG bought a new stake in Evergy, Inc. (NYSE:EVRG) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 4,524 shares of the company’s stock, valued at approximately $281,000.

A number of other institutional investors also recently bought and sold shares of the company. Fairscale Capital LLC purchased a new stake in Evergy in the second quarter worth about $27,000. Hexagon Capital Partners LLC increased its position in Evergy by 47.1% in the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock worth $33,000 after buying an additional 170 shares in the last quarter. Rothschild Investment LLC purchased a new stake in Evergy in the second quarter worth about $37,000. Hantz Financial Services Inc. purchased a new stake in Evergy in the second quarter worth about $41,000. Finally, Benjamin Edwards Inc. increased its position in Evergy by 47.8% in the second quarter. Benjamin Edwards Inc. now owns 856 shares of the company’s stock worth $45,000 after buying an additional 277 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Mizuho assumed coverage on Evergy in a research report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 target price for the company. Barclays cut their target price on Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Jefferies Financial Group began coverage on Evergy in a report on Thursday, September 19th. They set a “buy” rating and a $70.00 price target for the company. Wells Fargo & Company raised their price target on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Finally, UBS Group upgraded Evergy to a “hold” rating in a report on Wednesday, September 18th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $61.88.

Insider Buying and Selling

In related news, EVP Kevin E. Bryant sold 48,141 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the completion of the sale, the executive vice president now directly owns 1 shares of the company’s stock, valued at approximately $62.93. This trade represents a 100.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Charles A. Caisley sold 9,236 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $59.63, for a total value of $550,742.68. Following the sale, the senior vice president now directly owns 33,425 shares of the company’s stock, valued at $1,993,132.75. This represents a 21.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.26% of the stock is owned by corporate insiders.

Evergy Price Performance

NYSE:EVRG opened at $64.49 on Tuesday. The firm has a market capitalization of $14.83 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 2.86 and a beta of 0.62. Evergy, Inc. has a 1 year low of $48.04 and a 1 year high of $64.95. The business has a 50 day simple moving average of $61.56 and a 200-day simple moving average of $57.97. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32.

Evergy (NYSE:EVRG) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.07. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.35 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the company earned $1.88 EPS. Equities analysts forecast that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 21st will be paid a dividend of $0.6675 per share. This is a positive change from Evergy’s previous quarterly dividend of $0.64. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend is Thursday, November 21st. Evergy’s dividend payout ratio (DPR) is currently 72.16%.

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.