3,251 Shares in Evergy, Inc. (NASDAQ:EVRG) Purchased by EP Wealth Advisors LLC

EP Wealth Advisors LLC purchased a new position in Evergy, Inc. (NASDAQ:EVRG) during the 3rd quarter, HoldingsChannel reports. The institutional investor purchased 3,251 shares of the company’s stock, valued at approximately $202,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Pathway Financial Advisers LLC increased its stake in shares of Evergy by 6,854.6% in the third quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company’s stock worth $157,443,000 after acquiring an additional 2,502,493 shares during the period. Mizuho Securities USA LLC lifted its holdings in shares of Evergy by 7,234.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 1,300,000 shares of the company’s stock valued at $80,613,000 after buying an additional 1,282,275 shares during the period. FMR LLC boosted its stake in shares of Evergy by 131.4% in the third quarter. FMR LLC now owns 2,004,414 shares of the company’s stock worth $124,294,000 after buying an additional 1,138,138 shares during the last quarter. Millennium Management LLC grew its holdings in Evergy by 38.6% during the second quarter. Millennium Management LLC now owns 3,683,000 shares of the company’s stock worth $195,089,000 after acquiring an additional 1,026,374 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new position in Evergy during the second quarter valued at approximately $50,044,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Kevin E. Bryant sold 48,141 shares of Evergy stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the transaction, the executive vice president now owns 1 shares in the company, valued at approximately $62.93. This trade represents a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company raised their price objective on shares of Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Mizuho began coverage on shares of Evergy in a research report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price target on the stock. Barclays decreased their price objective on shares of Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. UBS Group upgraded Evergy to a “hold” rating in a research report on Wednesday, September 18th. Finally, Jefferies Financial Group assumed coverage on Evergy in a report on Thursday, September 19th. They issued a “buy” rating and a $70.00 price target for the company. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, Evergy currently has a consensus rating of “Moderate Buy” and an average target price of $61.88.

Evergy Stock Performance

Shares of NASDAQ:EVRG opened at $61.91 on Friday. The business’s 50 day moving average price is $62.08 and its 200-day moving average price is $58.79. Evergy, Inc. has a 1 year low of $48.04 and a 1 year high of $65.47. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. The firm has a market capitalization of $14.24 billion, a PE ratio of 16.73, a P/E/G ratio of 2.77 and a beta of 0.64.

Evergy (NASDAQ:EVRG) last released its earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.07. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.35 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.88 earnings per share. As a group, equities research analysts expect that Evergy, Inc. will post 3.85 earnings per share for the current fiscal year.

Evergy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 21st will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.31%. This is a positive change from Evergy’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Thursday, November 21st. Evergy’s dividend payout ratio (DPR) is 72.16%.

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.