Evergy (NYSE:EVRG – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.07, Briefing.com reports. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $2.35 billion. Evergy had a net margin of 13.12% and a return on equity of 8.50%. The business’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.88 EPS.
Evergy Price Performance
Shares of EVRG stock traded up $1.10 during midday trading on Friday, reaching $62.51. 2,698,304 shares of the company traded hands, compared to its average volume of 2,065,826. The firm’s 50 day simple moving average is $60.71 and its two-hundred day simple moving average is $57.03. The firm has a market cap of $14.37 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 2.66 and a beta of 0.62. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.59 and a quick ratio of 0.35. Evergy has a 1-year low of $47.97 and a 1-year high of $62.58.
Evergy Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.6675 per share. This is a positive change from Evergy’s previous quarterly dividend of $0.64. This represents a $2.67 annualized dividend and a dividend yield of 4.27%. The ex-dividend date is Thursday, November 21st. Evergy’s payout ratio is presently 80.06%.
Analysts Set New Price Targets
Check Out Our Latest Report on Evergy
Insider Buying and Selling
In other Evergy news, SVP Heather A. Humphrey sold 3,347 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total transaction of $196,803.60. Following the completion of the transaction, the senior vice president now directly owns 35,314 shares in the company, valued at approximately $2,076,463.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Evergy news, SVP Charles A. Caisley sold 9,236 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 33,425 shares of the company’s stock, valued at approximately $1,993,132.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Heather A. Humphrey sold 3,347 shares of the company’s stock in a transaction 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 completion of the sale, the senior vice president now owns 35,314 shares in the company, valued at $2,076,463.20. This 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 worth $941,810 in the last quarter. Company insiders own 3.26% of the company’s stock.
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.
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