WCG Wealth Advisors LLC Grows Position in Evergy, Inc. (NYSE:EVRG)

WCG Wealth Advisors LLC grew its holdings in Evergy, Inc. (NYSE:EVRG) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,736 shares of the company’s stock after purchasing an additional 1,417 shares during the quarter. WCG Wealth Advisors LLC’s holdings in Evergy were worth $2,952,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in EVRG. GPS Wealth Strategies Group LLC grew its holdings in shares of Evergy by 12.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,705 shares of the company’s stock valued at $90,000 after purchasing an additional 187 shares during the period. Wealthspire Advisors LLC grew its stake in shares of Evergy by 1.0% in the 1st quarter. Wealthspire Advisors LLC now owns 19,009 shares of the company’s stock valued at $1,015,000 after buying an additional 192 shares during the period. Blue Trust Inc. increased its holdings in shares of Evergy by 16.3% during the 2nd quarter. Blue Trust Inc. now owns 1,483 shares of the company’s stock worth $79,000 after buying an additional 208 shares during the last quarter. Keeley Teton Advisors LLC raised its position in shares of Evergy by 0.6% during the 1st quarter. Keeley Teton Advisors LLC now owns 37,950 shares of the company’s stock valued at $2,026,000 after buying an additional 210 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its holdings in Evergy by 1.5% in the second quarter. J.W. Cole Advisors Inc. now owns 15,650 shares of the company’s stock valued at $829,000 after acquiring an additional 227 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Evergy Stock Down 0.6 %

NYSE:EVRG opened at $61.55 on Thursday. Evergy, Inc. has a 52 week low of $46.92 and a 52 week high of $62.24. The stock’s fifty day moving average is $58.37 and its two-hundred day moving average is $54.77. The stock has a market capitalization of $14.15 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 3.12 and a beta of 0.62. The company has a quick ratio of 0.35, a current ratio of 0.59 and a debt-to-equity ratio of 1.23.

Evergy (NYSE:EVRG) last posted its quarterly earnings data on Friday, August 9th. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.89 by $0.01. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.32 billion. Evergy had a net margin of 13.12% and a return on equity of 8.50%. During the same quarter last year, the firm posted $0.81 earnings per share. Research analysts anticipate that Evergy, Inc. will post 3.85 EPS for the current year.

Evergy Announces Dividend

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 given a dividend of $0.6425 per share. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date is Tuesday, August 20th. Evergy’s dividend payout ratio is presently 83.17%.

Wall Street Analysts Forecast Growth

EVRG has been the subject of several recent analyst reports. UBS Group raised Evergy to a “hold” rating in a research note on Wednesday. Barclays raised their price objective on Evergy from $61.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $58.33.

Insiders Place Their Bets

In other news, SVP Charles A. Caisley sold 9,236 shares of the 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 transaction, the senior vice president now owns 33,425 shares in the company, valued at approximately $1,993,132.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Charles A. Caisley sold 9,236 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total value of $550,742.68. Following the completion of the sale, the senior vice president now directly owns 33,425 shares of the company’s stock, valued at $1,993,132.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Heather A. Humphrey sold 3,347 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total value of $196,803.60. Following the transaction, the senior vice president now directly owns 35,314 shares in the company, valued at approximately $2,076,463.20. The disclosure for this sale can be found here. Insiders sold 15,884 shares of company stock worth $941,810 in the last 90 days. Corporate insiders own 0.47% of the company’s stock.

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.