LaFleur & Godfrey LLC Grows Position in Evergy, Inc. (NYSE:EVRG)

LaFleur & Godfrey LLC grew its position in Evergy, Inc. (NYSE:EVRG) by 20.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,792 shares of the company’s stock after purchasing an additional 2,500 shares during the quarter. LaFleur & Godfrey LLC’s holdings in Evergy were worth $917,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fairscale Capital LLC acquired a new stake in Evergy during the 2nd quarter worth $27,000. Fidelis Capital Partners LLC purchased a new stake in shares of Evergy in the 1st quarter valued at about $32,000. Hexagon Capital Partners LLC boosted its position in shares of Evergy by 47.1% in the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after purchasing an additional 170 shares during the period. Toth Financial Advisory Corp grew its stake in Evergy by 199.5% during the 1st quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock worth $34,000 after buying an additional 423 shares during the last quarter. Finally, Rothschild Investment LLC acquired a new position in Evergy during the second quarter worth approximately $37,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Price Performance

Shares of EVRG stock traded up $0.72 during trading hours on Wednesday, hitting $61.06. The company’s stock had a trading volume of 416,010 shares, compared to its average volume of 2,087,148. 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 business has a fifty day moving average of $59.99 and a 200-day moving average of $56.02. Evergy, Inc. has a twelve month low of $47.46 and a twelve month high of $62.58. The stock has a market cap of $14.04 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 2.65 and a beta of 0.62.

Evergy (NYSE:EVRG) last released its 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 company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.32 billion. Evergy had a net margin of 13.12% and a return on equity of 8.50%. During the same period in the prior year, the firm earned $0.81 EPS. As a group, equities research analysts anticipate that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Tuesday, August 20th were given a dividend of $0.6425 per share. This represents a $2.57 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend was Tuesday, August 20th. Evergy’s dividend payout ratio (DPR) is 83.17%.

Insider Buying and Selling at Evergy

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 stock was 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 directly 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Ann D. Murtlow sold 3,301 shares of the company’s stock in a transaction 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 directly owns 2,847 shares of the company’s stock, valued at approximately $167,545.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed 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 dated Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total value of $550,742.68. Following the completion of the transaction, the senior vice president now directly owns 33,425 shares in the company, valued at $1,993,132.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,884 shares of company stock worth $941,810 in the last quarter. 0.47% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on EVRG. UBS Group upgraded shares of Evergy to a “hold” rating in a research report on Wednesday, September 18th. Wells Fargo & Company upped their target price on shares of Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday. Barclays raised their price target on Evergy from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. Finally, Jefferies Financial Group began coverage on Evergy in a research note on Thursday, September 19th. They set a “buy” rating and a $70.00 price objective for the company. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Evergy presently has a consensus rating of “Moderate Buy” and an average target price of $61.00.

Evergy 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.