Evergy, Inc. (NASDAQ:EVRG) Stock Holdings Boosted by DGS Capital Management LLC

DGS Capital Management LLC boosted its holdings in Evergy, Inc. (NASDAQ:EVRG) by 16.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 4,487 shares of the company’s stock after purchasing an additional 619 shares during the quarter. DGS Capital Management LLC’s holdings in Evergy were worth $278,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in EVRG. Fairscale Capital LLC acquired a new stake in Evergy during the 2nd quarter valued at $27,000. Truvestments Capital LLC purchased a new position in shares of Evergy during the third quarter valued at $32,000. Hexagon Capital Partners LLC raised its position in Evergy by 47.1% during the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after buying an additional 170 shares during the period. Rothschild Investment LLC purchased a new stake in Evergy in the 2nd quarter worth about $37,000. Finally, Hantz Financial Services Inc. acquired a new stake in Evergy during the 2nd quarter worth about $41,000. Institutional investors own 87.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on EVRG. Wells Fargo & Company upped their target price on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Mizuho started coverage on shares of Evergy in a research report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price objective on the stock. Jefferies Financial Group assumed coverage on shares of Evergy in a research report on Thursday, September 19th. They issued a “buy” rating and a $70.00 target price for the company. Barclays decreased their target price on shares of Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. Finally, UBS Group raised shares of Evergy to a “hold” rating in a research note on Wednesday, September 18th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $61.88.

Evergy Stock Down 0.3 %

Evergy stock opened at $61.91 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a 1-year low of $48.04 and a 1-year high of $65.47. The firm’s fifty day simple moving average is $62.08 and its 200-day simple moving average is $58.75. The company has a market capitalization of $14.24 billion, a P/E ratio of 16.73, a P/E/G ratio of 2.77 and a beta of 0.64.

Evergy (NASDAQ:EVRG) last posted its earnings results on Thursday, November 7th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.07. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period last year, the company earned $1.88 earnings per share. The business’s revenue was up 8.5% compared to the same quarter last year. Sell-side analysts forecast that Evergy, Inc. will post 3.85 earnings per share for the current fiscal year.

Evergy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 21st will be paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.31%. This is an increase from Evergy’s previous quarterly dividend of $0.64. The ex-dividend date is Thursday, November 21st. Evergy’s dividend payout ratio (DPR) is presently 72.16%.

Insider Buying and Selling

In related news, EVP Kevin E. Bryant sold 48,141 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were 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 in the company, valued at approximately $62.93. This trade represents a 100.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.47% 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.