Ledyard National Bank Has $4.13 Million Stock Holdings in Evergy, Inc. (NYSE:EVRG)

Ledyard National Bank cut its stake in Evergy, Inc. (NYSE:EVRG) by 4.5% in the third quarter, HoldingsChannel reports. The institutional investor owned 66,553 shares of the company’s stock after selling 3,109 shares during the quarter. Ledyard National Bank’s holdings in Evergy were worth $4,127,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Manning & Napier Advisors LLC bought a new position in shares of Evergy in the second quarter valued at about $112,464,000. Zimmer Partners LP raised its stake in shares of Evergy by 781.4% in the first quarter. Zimmer Partners LP now owns 2,326,385 shares of the company’s stock worth $124,182,000 after acquiring an additional 2,062,434 shares during the last quarter. Millennium Management LLC grew its stake in shares of Evergy by 38.6% during the second quarter. Millennium Management LLC now owns 3,683,000 shares of the company’s stock valued at $195,089,000 after purchasing an additional 1,026,374 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Evergy in the second quarter valued at approximately $50,044,000. Finally, AQR Capital Management LLC raised its position in Evergy by 147.8% in the 2nd quarter. AQR Capital Management LLC now owns 1,193,382 shares of the company’s stock worth $63,213,000 after purchasing an additional 711,785 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Barclays dropped their target price on Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday. UBS Group upgraded shares of Evergy to a “hold” rating in a research report on Wednesday, September 18th. Wells Fargo & Company lifted 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, Jefferies Financial Group assumed coverage on Evergy in a research note on Thursday, September 19th. They issued a “buy” rating and a $70.00 target price on the stock. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Evergy currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.14.

Evergy Stock Performance

Shares of EVRG opened at $61.20 on Tuesday. The firm has a market cap of $14.07 billion, a P/E ratio of 19.81, a PEG ratio of 2.65 and a beta of 0.62. Evergy, Inc. has a twelve month low of $47.46 and a twelve month high of $62.58. The firm’s 50 day moving average price is $60.17 and its two-hundred day moving average price is $56.25. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.35 and a current ratio of 0.59.

Evergy (NYSE:EVRG) last posted its quarterly earnings data 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 company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the firm earned $0.81 earnings per share. On average, analysts forecast that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Tuesday, August 20th were paid a $0.6425 dividend. This represents a $2.57 annualized dividend and a dividend yield of 4.20%. The ex-dividend date was Tuesday, August 20th. Evergy’s dividend payout ratio (DPR) is currently 83.17%.

Insider Activity at Evergy

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

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.