Evergy, Inc. (NYSE:EVRG) Shares Bought by Advisors Asset Management Inc.

Advisors Asset Management Inc. grew its stake in Evergy, Inc. (NYSE:EVRG) by 6.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 23,182 shares of the company’s stock after purchasing an additional 1,327 shares during the quarter. Advisors Asset Management Inc.’s holdings in Evergy were worth $1,438,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. O Shaughnessy Asset Management LLC bought a new position in Evergy during the 1st quarter worth approximately $290,000. Bessemer Group Inc. lifted its stake in Evergy by 31.9% during the first quarter. Bessemer Group Inc. now owns 2,922 shares of the company’s stock worth $157,000 after purchasing an additional 706 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new position in Evergy in the first quarter worth $671,000. Garner Asset Management Corp increased its stake in Evergy by 8.3% during the first quarter. Garner Asset Management Corp now owns 5,825 shares of the company’s stock valued at $311,000 after purchasing an additional 446 shares during the last quarter. Finally, Zimmer Partners LP raised its holdings in shares of Evergy by 781.4% during the first quarter. Zimmer Partners LP now owns 2,326,385 shares of the company’s stock worth $124,182,000 after purchasing an additional 2,062,434 shares during the period. Institutional investors own 87.24% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on EVRG shares. Wells Fargo & Company lifted their price target on shares of Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Barclays lowered their target price on Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Jefferies Financial Group initiated coverage on Evergy in a report on Thursday, September 19th. They issued a “buy” rating and a $70.00 price target on the stock. UBS Group upgraded Evergy to a “hold” rating in a research note on Wednesday, September 18th. Finally, Mizuho started coverage on Evergy in a research note on Tuesday, October 29th. They issued 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, Evergy presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.88.

Evergy Price Performance

Shares of EVRG opened at $64.49 on Tuesday. Evergy, Inc. has a one year low of $48.04 and a one year high of $64.95. The stock’s fifty day moving average is $61.56 and its 200-day moving average is $57.97. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The firm has a market capitalization of $14.83 billion, a price-to-earnings ratio of 17.43, a price-to-earnings-growth ratio of 2.86 and a beta of 0.62.

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

Evergy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 21st will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.14%. This is an increase from Evergy’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Thursday, November 21st. Evergy’s dividend payout ratio is 72.16%.

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.