Trust Co of Kansas Decreases Stock Position in Evergy, Inc. (NASDAQ:EVRG)

Trust Co of Kansas cut its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 26.7% in the 4th quarter, HoldingsChannel reports. The fund owned 5,486 shares of the company’s stock after selling 2,000 shares during the quarter. Trust Co of Kansas’ holdings in Evergy were worth $338,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EVRG. Franklin Resources Inc. raised its stake in shares of Evergy by 5.5% during the third quarter. Franklin Resources Inc. now owns 5,532,719 shares of the company’s stock valued at $330,469,000 after acquiring an additional 288,619 shares during the last quarter. Millennium Management LLC raised its holdings in Evergy by 38.6% in the second quarter. Millennium Management LLC now owns 3,683,000 shares of the company’s stock worth $195,089,000 after purchasing an additional 1,026,374 shares in the last quarter. Point72 Asset Management L.P. lifted its position in Evergy by 25.8% during the third quarter. Point72 Asset Management L.P. now owns 2,848,735 shares of the company’s stock valued at $176,650,000 after buying an additional 583,923 shares during the period. Pathway Financial Advisers LLC boosted its holdings in shares of Evergy by 6,854.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company’s stock valued at $157,443,000 after buying an additional 2,502,493 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Evergy by 42.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,135,011 shares of the company’s stock worth $132,392,000 after buying an additional 634,735 shares during the period. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Evergy Stock Up 0.4 %

EVRG stock opened at $63.16 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. Evergy, Inc. has a 1-year low of $48.04 and a 1-year high of $65.47. The stock has a market capitalization of $14.53 billion, a P/E ratio of 17.07, a P/E/G ratio of 2.62 and a beta of 0.64. The business has a fifty day moving average price of $62.46 and a 200-day moving average price of $60.17.

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

Evergy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, November 21st were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend was Thursday, November 21st. This is an increase from Evergy’s previous quarterly dividend of $0.64. Evergy’s payout ratio is 72.16%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on EVRG shares. Wells Fargo & Company lifted their price target on shares of Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Barclays dropped their price target on Evergy from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. Mizuho began coverage on Evergy in a research report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price objective for the company. Finally, LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $59.00 to $68.50 in a report on Thursday, January 2nd. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $64.06.

Insider Buying and Selling at Evergy

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $62.93, for a total value of $3,029,513.13. Following the transaction, the executive vice president now directly owns 1 shares of the company’s stock, valued at approximately $62.93. This trade represents a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.26% of the company’s stock.

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.