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

Evergy, Inc. (NYSE:EVRG) EVP Kevin E. Bryant sold 48,141 shares of the stock in a transaction on Wednesday, November 13th. The stock was 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 owns 1 shares of the company’s stock, valued at $62.93. This represents a 100.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Evergy Stock Up 1.5 %

NYSE:EVRG opened at $63.76 on Friday. The company has a market cap of $14.66 billion, a price-to-earnings ratio of 17.23, a P/E/G ratio of 2.82 and a beta of 0.62. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The stock’s fifty day moving average price is $61.14 and its two-hundred day moving average price is $57.52. Evergy, Inc. has a 52-week low of $48.04 and a 52-week high of $64.07.

Evergy (NYSE:EVRG) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.07. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.88 earnings per share. On average, analysts anticipate that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 21st will be paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.19%. This is an increase from Evergy’s previous quarterly dividend of $0.64. The ex-dividend date is Thursday, November 21st. Evergy’s payout ratio is 69.46%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Evergy

A number of hedge funds and other institutional investors have recently bought and sold shares of EVRG. Fairscale Capital LLC acquired a new position in shares of Evergy in the 2nd quarter valued at $27,000. Truvestments Capital LLC acquired a new position in Evergy in the third quarter valued at about $32,000. Hexagon Capital Partners LLC boosted its holdings in 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 buying an additional 170 shares during the last quarter. Rothschild Investment LLC acquired a new position in shares of Evergy during the 2nd quarter worth about $37,000. Finally, Hantz Financial Services Inc. bought a new stake in shares of Evergy in the 2nd quarter valued at about $41,000. 87.24% of the stock is owned by institutional investors.

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.