Evergy, Inc. (NASDAQ:EVRG) Shares Sold by UMB Bank n.a.

UMB Bank n.a. lowered its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 11.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,350 shares of the company’s stock after selling 3,820 shares during the period. UMB Bank n.a.’s holdings in Evergy were worth $1,806,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of EVRG. Fairscale Capital LLC purchased a new position in Evergy in the second quarter worth approximately $27,000. Truvestments Capital LLC purchased a new stake in Evergy during the third quarter worth about $32,000. Hexagon Capital Partners LLC lifted its position in shares of Evergy by 47.1% during the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock worth $33,000 after purchasing an additional 170 shares in the last quarter. Benjamin Edwards Inc. lifted its position in shares of Evergy by 47.8% during the second quarter. Benjamin Edwards Inc. now owns 856 shares of the company’s stock worth $45,000 after purchasing an additional 277 shares in the last quarter. Finally, Sentry Investment Management LLC purchased a new position in shares of Evergy in the third quarter valued at approximately $51,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Insider Activity

In related news, EVP Kevin E. Bryant sold 48,141 shares of Evergy stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total value of $3,029,513.13. Following the transaction, the executive vice president now directly owns 1 shares in the company, valued at $62.93. This trade represents a 100.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on EVRG. Wells Fargo & Company upped their price objective on Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and increased their price target for the company from $59.00 to $68.50 in a research report on Thursday, January 2nd. Mizuho assumed coverage on Evergy in a research report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price objective for the company. Finally, Barclays cut their target price on shares of Evergy from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $64.06.

Evergy Stock Up 0.4 %

EVRG stock opened at $63.16 on Tuesday. Evergy, Inc. has a 12 month low of $48.04 and a 12 month 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 company has a market cap of $14.53 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 2.62 and a beta of 0.64. The company has a fifty day moving average price of $62.46 and a 200 day moving average price of $60.35.

Evergy (NASDAQ:EVRG) last announced its earnings results on Thursday, November 7th. The company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.07. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the prior year, the company earned $1.88 earnings per share. The business’s revenue was up 8.5% compared to the same quarter last year. Sell-side analysts expect that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, November 21st were paid a $0.6675 dividend. This is an increase from Evergy’s previous quarterly dividend of $0.64. This represents a $2.67 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend was Thursday, November 21st. Evergy’s dividend payout ratio (DPR) is 72.16%.

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.