Evergy, Inc. (NYSE:EVRG) EVP Kevin E. Bryant Sells 48,141 Shares of Stock

Evergy, Inc. (NYSE:EVRG) EVP Kevin E. Bryant sold 48,141 shares of the business’s stock in a transaction dated 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Evergy Price Performance

Shares of NYSE EVRG traded up $0.19 during midday trading on Friday, reaching $62.99. The company’s stock had a trading volume of 93,728 shares, compared to its average volume of 2,062,781. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The company has a 50 day moving average price of $61.06 and a 200 day moving average price of $57.41. Evergy, Inc. has a one year low of $48.04 and a one year high of $64.07. The company has a market cap of $14.49 billion, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62.

Evergy (NYSE:EVRG) last issued its quarterly 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 business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $2.35 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.88 EPS. On average, equities research analysts expect that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Increases Dividend

The business 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 is an increase from Evergy’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.67 dividend on an annualized basis and a yield of 4.24%. Evergy’s dividend payout ratio is presently 69.46%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Evergy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Manning & Napier Advisors LLC acquired a new position in shares of Evergy during the 2nd quarter worth $112,464,000. Wedge Capital Management L L P NC grew its position in 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 purchasing an additional 19,193 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in 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 purchasing an additional 31,985 shares during the last quarter. Acadian Asset Management LLC grew its position 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 purchasing an additional 12,121 shares during the last quarter. Finally, Intech Investment Management LLC grew its position in Evergy by 344.8% in the 1st quarter. Intech Investment Management LLC now owns 73,944 shares of the company’s stock worth $3,947,000 after purchasing an additional 57,321 shares during the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

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.