Inspire Advisors LLC Buys Shares of 32,523 Evergy, Inc. (NYSE:EVRG)

Inspire Advisors LLC bought a new stake in shares of Evergy, Inc. (NYSE:EVRG) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 32,523 shares of the company’s stock, valued at approximately $1,723,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fidelis Capital Partners LLC purchased a new position in Evergy in the 1st quarter valued at about $32,000. Toth Financial Advisory Corp boosted its position in Evergy by 199.5% during the first quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock worth $34,000 after acquiring an additional 423 shares during the last quarter. Rothschild Investment LLC purchased a new stake in Evergy in the 2nd quarter worth approximately $37,000. Hantz Financial Services Inc. acquired a new position in Evergy in the 2nd quarter valued at $41,000. Finally, Riverview Trust Co acquired a new position in Evergy in the 1st quarter valued at $43,000. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Stock Up 1.2 %

Shares of NYSE EVRG opened at $61.06 on Friday. The stock has a fifty day moving average price of $57.86 and a 200 day moving average price of $54.48. The company has a market cap of $14.04 billion, a P/E ratio of 19.76, a P/E/G ratio of 3.12 and a beta of 0.62. Evergy, Inc. has a 12-month low of $46.92 and a 12-month high of $61.14. 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 announced its earnings results on Friday, August 9th. The company reported $0.90 EPS for the quarter, beating 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 business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the business posted $0.81 EPS. Research analysts anticipate that Evergy, Inc. will post 3.85 EPS for the current fiscal year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Tuesday, August 20th will be issued a $0.6425 dividend. This represents a $2.57 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend is Tuesday, August 20th. Evergy’s dividend payout ratio is currently 83.17%.

Insider Buying and Selling at Evergy

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

Wall Street Analysts Forecast Growth

Separately, Barclays lifted their price objective on Evergy from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Evergy has an average rating of “Moderate Buy” and a consensus target price of $58.33.

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.