Evergy, Inc. (NYSE:EVRG) Shares Acquired by Spirit of America Management Corp NY

Spirit of America Management Corp NY boosted its holdings in Evergy, Inc. (NYSE:EVRG) by 70.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,950 shares of the company’s stock after purchasing an additional 2,050 shares during the quarter. Spirit of America Management Corp NY’s holdings in Evergy were worth $307,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC purchased a new stake in shares of Evergy during the 2nd quarter worth approximately $112,464,000. Wedge Capital Management L L P NC boosted its stake in Evergy by 8.0% in the second quarter. Wedge Capital Management L L P NC now owns 260,331 shares of the company’s stock valued at $13,790,000 after acquiring an additional 19,193 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Evergy by 11.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 316,455 shares of the company’s stock valued at $16,892,000 after acquiring an additional 31,985 shares in the last quarter. Jennison Associates LLC acquired a new stake in shares of Evergy during the first quarter worth about $37,526,000. Finally, Entropy Technologies LP lifted its holdings in shares of Evergy by 129.2% in the 1st quarter. Entropy Technologies LP now owns 36,838 shares of the company’s stock valued at $1,966,000 after purchasing an additional 20,764 shares during the last quarter. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Evergy

In other news, SVP Charles A. Caisley sold 9,236 shares of Evergy 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 $1,993,132.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, 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 dated Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total value of $194,263.85. Following the completion of the transaction, the director now owns 2,847 shares of the company’s stock, valued at approximately $167,545.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Charles A. Caisley sold 9,236 shares of the business’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 of the company’s stock, valued at approximately $1,993,132.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,884 shares of company stock valued at $941,810. Insiders own 0.47% of the company’s stock.

Evergy Stock Performance

NYSE EVRG opened at $61.64 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.35 and a debt-to-equity ratio of 1.23. The business’s 50 day moving average is $60.34 and its two-hundred day moving average is $56.39. The stock has a market capitalization of $14.17 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 2.65 and a beta of 0.62. Evergy, Inc. has a 12-month low of $47.97 and a 12-month high of $62.58.

Evergy (NYSE:EVRG) last released its earnings results on Friday, August 9th. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $1.32 billion. During the same quarter last year, the company earned $0.81 earnings per share. Research analysts expect that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, August 20th were given a dividend of $0.6425 per share. The ex-dividend date was Tuesday, August 20th. This represents a $2.57 dividend on an annualized basis and a yield of 4.17%. Evergy’s payout ratio is 83.17%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. UBS Group raised Evergy to a “hold” rating in a research report on Wednesday, September 18th. Wells Fargo & Company upped their target price on shares of Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Jefferies Financial Group began coverage on Evergy in a report on Thursday, September 19th. They set a “buy” rating and a $70.00 price target on the stock. Finally, Barclays lowered their target price on Evergy from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.14.

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.