PFG Investments LLC Acquires 978 Shares of Evergy, Inc. (NYSE:EVRG)

PFG Investments LLC lifted its holdings in shares of Evergy, Inc. (NYSE:EVRG) by 25.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,766 shares of the company’s stock after purchasing an additional 978 shares during the period. PFG Investments LLC’s holdings in Evergy were worth $252,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Manning & Napier Advisors LLC bought a new stake in shares of Evergy during the 2nd quarter valued at about $112,464,000. Wedge Capital Management L L P NC boosted its position in shares of Evergy by 8.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 260,331 shares of the company’s stock valued at $13,790,000 after purchasing an additional 19,193 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Evergy by 11.2% during the 1st 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 purchasing an additional 31,985 shares in the last quarter. APG Asset Management US Inc. bought a new stake in shares of Evergy during the 4th quarter valued at about $2,057,000. Finally, Vanguard Group Inc. boosted its position in shares of Evergy by 4.8% during the 4th quarter. Vanguard Group Inc. now owns 30,757,415 shares of the company’s stock valued at $1,605,537,000 after purchasing an additional 1,399,199 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barclays upped their price target on Evergy from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.33.

Evergy Stock Up 1.2 %

EVRG stock opened at $61.06 on Friday. The stock’s 50 day simple moving average is $57.86 and its 200 day simple moving average is $54.48. Evergy, Inc. has a fifty-two week low of $46.92 and a fifty-two week high of $61.14. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.35 and a current ratio of 0.59. The company has a market cap of $14.04 billion, a P/E ratio of 19.76, a price-to-earnings-growth ratio of 3.12 and a beta of 0.62.

Evergy (NYSE:EVRG) last posted its quarterly earnings results on Friday, August 9th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The business had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. Evergy had a return on equity of 8.50% and a net margin of 13.12%. During the same period in the prior year, the business earned $0.81 EPS. On average, research analysts expect that Evergy, Inc. will post 3.85 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, August 20th will be paid a $0.6425 dividend. This represents a $2.57 annualized dividend and a dividend yield of 4.21%. The ex-dividend date is Tuesday, August 20th. Evergy’s dividend payout ratio (DPR) is presently 83.17%.

Insider Transactions at Evergy

In other news, Director Ann D. Murtlow sold 3,301 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $58.85, for a total value of $194,263.85. Following the completion of the sale, the director now directly owns 2,847 shares of the company’s stock, valued at $167,545.95. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Heather A. Humphrey sold 3,347 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total value of $196,803.60. Following the completion of the transaction, the senior vice president now directly owns 35,314 shares of the company’s stock, valued at $2,076,463.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ann D. Murtlow sold 3,301 shares of the company’s stock in a transaction that occurred on 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 directly owns 2,847 shares of the company’s stock, valued at $167,545.95. The disclosure for this sale can be found here. Insiders sold a total of 15,884 shares of company stock valued at $941,810 over the last ninety days. 0.47% of the stock is currently owned by 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.