Evergy, Inc. (NYSE:EVRG) Shares Sold by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp cut its stake in Evergy, Inc. (NYSE:EVRG) by 20.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,978 shares of the company’s stock after selling 9,507 shares during the period. Texas Permanent School Fund Corp’s holdings in Evergy were worth $2,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Fidelis Capital Partners LLC acquired a new stake in shares of Evergy in the 1st quarter worth $32,000. Toth Financial Advisory Corp increased its position in Evergy by 199.5% during the first quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock worth $34,000 after purchasing an additional 423 shares during the last quarter. Rothschild Investment LLC purchased a new position in Evergy during the second quarter worth about $37,000. Hantz Financial Services Inc. acquired a new position in Evergy in the 2nd quarter valued at about $41,000. Finally, Principal Securities Inc. purchased a new stake in shares of Evergy in the 4th quarter valued at approximately $43,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Price Performance

Evergy stock opened at $61.91 on Wednesday. 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 capitalization of $14.23 billion, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 3.12 and a beta of 0.62. The company’s 50 day simple moving average is $58.04 and its 200-day simple moving average is $54.63. Evergy, Inc. has a 1 year low of $46.92 and a 1 year high of $62.24.

Evergy (NYSE:EVRG) last released its quarterly earnings results on Friday, August 9th. The company reported $0.90 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the firm earned $0.81 earnings per share. As a group, equities research analysts expect that Evergy, Inc. will post 3.85 earnings per share for the current year.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Tuesday, August 20th will be paid a dividend of $0.6425 per share. The ex-dividend date is Tuesday, August 20th. This represents a $2.57 dividend on an annualized basis and a yield of 4.15%. Evergy’s dividend payout ratio (DPR) is presently 83.17%.

Insider Transactions at Evergy

In related news, Director Ann D. Murtlow sold 3,301 shares of Evergy 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 owns 2,847 shares in the company, valued at $167,545.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Charles A. Caisley sold 9,236 shares of Evergy stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $59.63, for a total value of $550,742.68. Following the completion of the transaction, the senior vice president now owns 33,425 shares in the company, valued at approximately $1,993,132.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann D. Murtlow sold 3,301 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $58.85, for a total transaction of $194,263.85. Following the sale, the director now owns 2,847 shares in the company, valued at $167,545.95. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,884 shares of company stock valued at $941,810. 0.47% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Barclays upped their price objective on Evergy from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Tuesday, August 13th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $58.33.

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.