Schaper Benz & Wise Investment Counsel Inc. WI Has $8.66 Million Stake in Evergy, Inc. (NYSE:EVRG)

Schaper Benz & Wise Investment Counsel Inc. WI cut its stake in shares of Evergy, Inc. (NYSE:EVRG) by 0.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 139,589 shares of the company’s stock after selling 1,269 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Evergy were worth $8,656,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Evergy by 0.9% during the first quarter. Vanguard Group Inc. now owns 31,046,328 shares of the company’s stock worth $1,657,253,000 after acquiring an additional 288,913 shares during the last quarter. Millennium Management LLC increased its position in Evergy by 38.6% during the 2nd quarter. Millennium Management LLC now owns 3,683,000 shares of the company’s stock valued at $195,089,000 after purchasing an additional 1,026,374 shares during the period. Federated Hermes Inc. raised its holdings in Evergy by 18.8% during the 2nd quarter. Federated Hermes Inc. now owns 3,490,674 shares of the company’s stock worth $184,901,000 after purchasing an additional 552,455 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in Evergy by 5.3% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,686,541 shares of the company’s stock worth $141,787,000 after purchasing an additional 134,236 shares during the last quarter. Finally, Zimmer Partners LP lifted its position in shares of Evergy by 781.4% in the 1st 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.

Insider Buying and Selling at Evergy

In other news, SVP Heather A. Humphrey sold 3,347 shares of the business’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total transaction of $196,803.60. Following the completion of the sale, the senior vice president now directly owns 35,314 shares of the company’s stock, valued at $2,076,463.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Evergy news, SVP Heather A. Humphrey sold 3,347 shares of the business’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 sale, the senior vice president now directly owns 35,314 shares of the company’s stock, valued at approximately $2,076,463.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 completion of the transaction, the senior vice president now owns 33,425 shares in the company, valued at $1,993,132.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,884 shares of company stock valued at $941,810. Corporate insiders own 0.47% of the company’s stock.

Evergy Price Performance

EVRG stock opened at $61.12 on Friday. The company’s 50-day moving average is $60.11 and its 200-day moving average is $56.17. Evergy, Inc. has a 1 year low of $47.46 and a 1 year high of $62.58. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.59 and a quick ratio of 0.35. The stock has a market capitalization of $14.05 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 2.65 and a beta of 0.62.

Evergy (NYSE:EVRG) last announced its quarterly earnings data on Friday, August 9th. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. Evergy had a return on equity of 8.50% and a net margin of 13.12%. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the firm posted $0.81 earnings per share. Equities research analysts expect that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, August 20th were issued a dividend of $0.6425 per share. The ex-dividend date was Tuesday, August 20th. This represents a $2.57 annualized dividend and a yield of 4.20%. Evergy’s payout ratio is 83.17%.

Analyst Ratings Changes

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

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.