Evergy, Inc. (NYSE:EVRG) Shares Purchased by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC raised its holdings in Evergy, Inc. (NYSE:EVRG) by 40.3% in the third quarter, Holdings Channel.com reports. The fund owned 10,138 shares of the company’s stock after acquiring an additional 2,910 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Evergy were worth $629,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in EVRG. Hexagon Capital Partners LLC grew its holdings in shares of Evergy by 47.1% in the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock worth $33,000 after acquiring an additional 170 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its position in shares of Evergy by 12.3% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,705 shares of the company’s stock valued at $90,000 after purchasing an additional 187 shares during the period. Blue Trust Inc. raised its holdings in Evergy by 16.3% during the 2nd quarter. Blue Trust Inc. now owns 1,483 shares of the company’s stock worth $79,000 after buying an additional 208 shares during the period. Keeley Teton Advisors LLC raised its holdings in Evergy by 0.6% during the 1st quarter. Keeley Teton Advisors LLC now owns 37,950 shares of the company’s stock worth $2,026,000 after buying an additional 210 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its holdings in shares of Evergy by 1.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 18,563 shares of the company’s stock worth $1,138,000 after buying an additional 212 shares during the period. Institutional investors own 87.24% of the company’s stock.

Evergy Stock Up 1.5 %

EVRG opened at $63.76 on Friday. The company has a market capitalization of $14.66 billion, a PE ratio of 17.23, a price-to-earnings-growth ratio of 2.82 and a beta of 0.62. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. Evergy, Inc. has a fifty-two week low of $48.04 and a fifty-two week high of $64.07. The business has a 50-day moving average of $61.14 and a 200-day moving average of $57.49.

Evergy (NYSE:EVRG) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.07. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $2.35 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.88 earnings per share. Equities research analysts forecast that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Increases Dividend

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

Insiders Place Their Bets

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of the company’s 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 completion of the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Heather A. Humphrey sold 3,347 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total value of $196,803.60. Following the transaction, the senior vice president now owns 35,314 shares in the company, valued at approximately $2,076,463.20. This trade represents a 8.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 60,724 shares of company stock valued at $3,777,059 over the last three months. 0.47% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.