Evergy, Inc. (NYSE:EVRG) Shares Bought by Empower Advisory Group LLC

Empower Advisory Group LLC lifted its stake in shares of Evergy, Inc. (NYSE:EVRG) by 3.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,147,525 shares of the company’s stock after purchasing an additional 42,829 shares during the quarter. Empower Advisory Group LLC owned about 0.50% of Evergy worth $71,158,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Fairscale Capital LLC purchased a new position in Evergy in the second quarter worth $27,000. Hexagon Capital Partners LLC lifted its stake in shares of Evergy by 47.1% in the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after purchasing an additional 170 shares during the period. Rothschild Investment LLC purchased a new stake in Evergy during the second quarter worth about $37,000. Hantz Financial Services Inc. acquired a new position in Evergy during the second quarter worth about $41,000. Finally, Benjamin Edwards Inc. increased its holdings in Evergy by 47.8% in the second quarter. Benjamin Edwards Inc. now owns 856 shares of the company’s stock valued at $45,000 after buying an additional 277 shares in the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on EVRG. Mizuho initiated coverage on Evergy in a research note on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price objective for the company. 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 research report on Wednesday, October 16th. Jefferies Financial Group assumed coverage on Evergy in a research report on Thursday, September 19th. They set a “buy” rating and a $70.00 price objective for the company. Finally, Barclays dropped their price objective on Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Evergy currently has a consensus rating of “Moderate Buy” and a consensus price target of $61.88.

Evergy Trading Up 0.6 %

EVRG stock opened at $63.68 on Wednesday. Evergy, Inc. has a 52 week low of $47.97 and a 52 week high of $64.07. The company has a market cap of $14.65 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 2.82 and a beta of 0.62. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The business has a fifty day simple moving average of $60.94 and a 200-day simple moving average of $57.33.

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

Evergy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 21st will be issued a dividend of $0.6675 per share. This is an increase from Evergy’s previous quarterly dividend of $0.64. This represents a $2.67 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Thursday, November 21st. Evergy’s dividend payout ratio (DPR) is presently 69.46%.

Insider Buying and Selling

In other news, SVP Charles A. Caisley sold 9,236 shares of the firm’s stock in a transaction dated 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 sale, the senior vice president now directly owns 33,425 shares in the company, valued at $1,993,132.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, SVP Charles A. Caisley sold 9,236 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total value of $550,742.68. Following the sale, the senior vice president now directly owns 33,425 shares of the company’s stock, valued at $1,993,132.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Heather A. Humphrey sold 3,347 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total transaction of $196,803.60. Following the transaction, the senior vice president now directly owns 35,314 shares of the company’s stock, valued at approximately $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. 3.26% of the stock is currently owned by corporate insiders.

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.