Gentry Private Wealth LLC Makes New $270,000 Investment in Evergy, Inc. (NYSE:EVRG)

Gentry Private Wealth LLC purchased a new position in Evergy, Inc. (NYSE:EVRG) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 5,093 shares of the company’s stock, valued at approximately $270,000.

Other institutional investors also recently modified their holdings of the company. Manning & Napier Advisors LLC bought a new position in shares of Evergy in the 2nd quarter worth about $112,464,000. Wedge Capital Management L L P NC increased its stake in shares of Evergy by 8.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 260,331 shares of the company’s stock worth $13,790,000 after acquiring an additional 19,193 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Evergy by 11.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 316,455 shares of the company’s stock worth $16,892,000 after acquiring an additional 31,985 shares in the last quarter. APG Asset Management US Inc. bought a new stake in Evergy during the 4th quarter valued at about $2,057,000. Finally, Vanguard Group Inc. increased its stake in Evergy by 4.8% during the 4th quarter. Vanguard Group Inc. now owns 30,757,415 shares of the company’s stock valued at $1,605,537,000 after purchasing an additional 1,399,199 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors.

Evergy Stock Performance

Shares of NYSE EVRG opened at $59.76 on Friday. The firm’s 50-day moving average price is $57.08 and its 200-day moving average price is $54.12. The company has a quick ratio of 0.35, a current ratio of 0.59 and a debt-to-equity ratio of 1.23. The company has a market cap of $13.74 billion, a PE ratio of 19.34, a PEG ratio of 3.07 and a beta of 0.62. Evergy, Inc. has a 52-week low of $46.92 and a 52-week high of $61.14.

Evergy (NYSE:EVRG) last announced its quarterly earnings results on Friday, August 9th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. Evergy had a net margin of 13.12% and a return on equity of 8.50%. During the same quarter last year, the firm posted $0.81 EPS. As a group, analysts anticipate that Evergy, Inc. will post 3.85 EPS for the current year.

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Tuesday, August 20th will be issued a $0.6425 dividend. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend is Tuesday, August 20th. Evergy’s payout ratio is 83.17%.

Insider Buying and Selling

In related news, 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 transaction, the senior vice president now owns 35,314 shares of the company’s stock, valued at $2,076,463.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, SVP Charles A. Caisley sold 9,236 shares of the firm’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 transaction, the senior vice president now owns 33,425 shares of the company’s stock, valued at $1,993,132.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Heather A. Humphrey sold 3,347 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was 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 directly owns 35,314 shares in the company, valued at approximately $2,076,463.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,884 shares of company stock valued at $941,810. 0.47% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on EVRG shares. Wells Fargo & Company raised their price objective on shares of Evergy from $57.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. Barclays raised their price objective on shares of Evergy from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Evergy currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.33.

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.