Mattern Wealth Management LLC Has $563,000 Stake in Evergy, Inc. (NYSE:EVRG)

Mattern Wealth Management LLC trimmed its holdings in shares of Evergy, Inc. (NYSE:EVRG) by 6.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 9,071 shares of the company’s stock after selling 600 shares during the quarter. Mattern Wealth Management LLC’s holdings in Evergy were worth $563,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Manning & Napier Advisors LLC bought a new stake in shares of Evergy in the 2nd quarter valued at about $112,464,000. Wedge Capital Management L L P NC raised its holdings in Evergy by 8.0% in the second quarter. Wedge Capital Management L L P NC now owns 260,331 shares of the company’s stock worth $13,790,000 after purchasing an additional 19,193 shares during the period. State Board of Administration of Florida Retirement System boosted its position in shares of Evergy by 11.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 316,455 shares of the company’s stock worth $16,892,000 after purchasing an additional 31,985 shares in the last quarter. Jennison Associates LLC acquired a new position in shares of Evergy in the 1st quarter valued at $37,526,000. Finally, Entropy Technologies LP increased its position in shares of Evergy by 129.2% in the 1st quarter. Entropy Technologies LP now owns 36,838 shares of the company’s stock valued at $1,966,000 after buying an additional 20,764 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on EVRG. UBS Group raised Evergy to a “hold” rating in a research note on Wednesday, September 18th. Jefferies Financial Group started coverage on Evergy in a research report on Thursday, September 19th. They issued a “buy” rating and a $70.00 price objective for the company. Wells Fargo & Company raised their target price on shares of Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, Barclays cut their price target on shares of Evergy from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.14.

Insiders Place Their Bets

In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $58.85, for a total transaction of $194,263.85. Following the completion of the sale, the director now owns 2,847 shares of the company’s stock, valued at $167,545.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total value of $194,263.85. Following the transaction, the director now directly owns 2,847 shares of the company’s stock, valued at $167,545.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Charles A. Caisley sold 9,236 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $59.63, for a total transaction of $550,742.68. Following the sale, the senior vice president now owns 33,425 shares of the company’s stock, valued at $1,993,132.75. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,884 shares of company stock valued at $941,810 over the last 90 days. 0.47% of the stock is currently owned by insiders.

Evergy Stock Up 0.2 %

Shares of NYSE EVRG traded up $0.15 during midday trading on Tuesday, reaching $61.35. The company’s stock had a trading volume of 300,872 shares, compared to its average volume of 2,076,005. Evergy, Inc. has a fifty-two week low of $47.46 and a fifty-two week high of $62.58. The stock has a 50 day simple moving average of $60.17 and a 200-day simple moving average of $56.25. The stock has a market capitalization of $14.11 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 2.65 and a beta of 0.62. The company has a current ratio of 0.59, a quick ratio of 0.35 and a debt-to-equity ratio of 1.23.

Evergy (NYSE:EVRG) last posted its quarterly earnings results on Friday, August 9th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.01. Evergy had a return on equity of 8.50% and a net margin of 13.12%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the previous year, the firm earned $0.81 EPS. Equities research analysts predict that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Tuesday, August 20th were issued a dividend of $0.6425 per share. This represents a $2.57 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date of this dividend was Tuesday, August 20th. Evergy’s payout ratio is currently 83.17%.

Evergy Company 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.