Wetherby Asset Management Inc. purchased a new position in Evergy (NYSE:EVRG) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,166 shares of the company’s stock, valued at approximately $211,000.
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Other institutional investors have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its holdings in Evergy by 66.3% in the second quarter. Rockefeller Capital Management L.P. now owns 424 shares of the company’s stock worth $26,000 after buying an additional 169 shares during the period. Miller Howard Investments Inc. NY lifted its holdings in Evergy by 0.3% in the second quarter. Miller Howard Investments Inc. NY now owns 52,127 shares of the company’s stock worth $3,135,000 after buying an additional 176 shares during the period. 6 Meridian lifted its holdings in Evergy by 2.2% in the third quarter. 6 Meridian now owns 8,810 shares of the company’s stock worth $586,000 after buying an additional 187 shares during the period. Prudential PLC lifted its holdings in Evergy by 0.9% in the second quarter. Prudential PLC now owns 21,735 shares of the company’s stock worth $1,307,000 after buying an additional 189 shares during the period. Finally, Usca Ria LLC lifted its holdings in Evergy by 0.5% in the third quarter. Usca Ria LLC now owns 46,593 shares of the company’s stock worth $3,101,000 after buying an additional 230 shares during the period. 84.78% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on EVRG shares. Guggenheim lifted their target price on shares of Evergy from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. UBS Group lowered their target price on shares of Evergy from $68.00 to $67.00 and set a “neutral” rating for the company in a report on Friday, October 18th. SunTrust Banks lifted their target price on shares of Evergy from $66.00 to $67.00 and gave the company a “buy” rating in a report on Friday, August 9th. Wells Fargo & Co set a $69.00 price target on shares of Evergy and gave the company a “hold” rating in a research report on Tuesday, September 3rd. Finally, Bank of America downgraded shares of Evergy from a “buy” rating to a “neutral” rating and set a $67.00 price target for the company. in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Evergy presently has an average rating of “Hold” and an average target price of $66.29.
In related news, COO Kevin E. Bryant sold 4,000 shares of Evergy stock in a transaction on Monday, August 19th. The shares were sold at an average price of $65.18, for a total transaction of $260,720.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Heather A. Humphrey sold 1,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $66.20, for a total transaction of $66,200.00. Company insiders own 0.38% of the company’s stock.
NYSE:EVRG traded up $0.14 during trading hours on Friday, reaching $64.75. The company had a trading volume of 939,810 shares, compared to its average volume of 1,786,126. The company has a current ratio of 0.73, a quick ratio of 0.51 and a debt-to-equity ratio of 1.02. Evergy has a 52 week low of $54.57 and a 52 week high of $67.81. The firm has a market cap of $14.72 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 3.41 and a beta of 0.13. The firm’s 50 day moving average price is $64.21 and its 200-day moving average price is $62.07.
Evergy (NYSE:EVRG) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.59 by ($0.02). The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.62 billion. Evergy had a return on equity of 6.96% and a net margin of 11.97%. During the same quarter in the prior year, the business earned $1.38 EPS. On average, analysts forecast that Evergy will post 2.88 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.505 per share. This represents a $2.02 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Tuesday, November 26th. This is a boost from Evergy’s previous quarterly dividend of $0.48. Evergy’s dividend payout ratio (DPR) is currently 71.16%.
Evergy Company Profile
Westar Energy, Inc engages in the generation, transmission and distribution of electricity in Kansas. It provides electricity to residential, commercial, and industrial customers in the cities of Topeka, Lawrence, Manhattan, Salina, and Hutchinson. The company was founded in 1924 and is headquartered in Topeka, KS.
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