Huber Capital Management LLC Sells 490 Shares of Evergy, Inc. (NYSE:EVRG)

Huber Capital Management LLC lessened its stake in Evergy, Inc. (NYSE:EVRG) by 3.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,658 shares of the company’s stock after selling 490 shares during the quarter. Huber Capital Management LLC’s holdings in Evergy were worth $723,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. grew its holdings in shares of Evergy by 1,038.7% in the 4th quarter. Point72 Asset Management L.P. now owns 3,612,200 shares of the company’s stock valued at $188,557,000 after buying an additional 3,294,967 shares during the period. Manning & Napier Advisors LLC acquired a new stake in shares of Evergy during the second quarter worth about $112,464,000. Zimmer Partners LP lifted its holdings in shares of Evergy by 781.4% during the 1st quarter. Zimmer Partners LP now owns 2,326,385 shares of the company’s stock valued at $124,182,000 after purchasing an additional 2,062,434 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in Evergy during the 4th quarter worth approximately $89,832,000. Finally, Vanguard Group Inc. raised its holdings in Evergy by 4.8% during the 4th quarter. Vanguard Group Inc. now owns 30,757,415 shares of the company’s stock worth $1,605,537,000 after buying an additional 1,399,199 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EVRG. Jefferies Financial Group initiated coverage on shares of Evergy in a research report on Thursday. They set a “buy” rating and a $70.00 price objective for the company. Barclays increased their target price on Evergy from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. Finally, UBS Group upgraded Evergy to a “hold” rating in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Evergy Trading Up 0.9 %

Evergy stock opened at $61.65 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.59 and a quick ratio of 0.35. The firm has a 50-day moving average of $58.63 and a 200-day moving average of $54.89. The company has a market cap of $14.18 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 3.12 and a beta of 0.62. Evergy, Inc. has a one year low of $46.92 and a one year high of $62.24.

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 the consensus estimate of $0.89 by $0.01. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.32 billion. Evergy had a return on equity of 8.50% and a net margin of 13.12%. During the same quarter in the previous year, the firm earned $0.81 EPS. On average, equities analysts expect that Evergy, Inc. will post 3.85 earnings per share for the current fiscal year.

Evergy Dividend Announcement

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

Insider Transactions at Evergy

In related news, SVP Heather A. Humphrey sold 3,347 shares of Evergy stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total transaction of $196,803.60. Following the completion of the transaction, the senior vice president now owns 35,314 shares in the company, valued at $2,076,463.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 2,847 shares in the company, valued at $167,545.95. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Heather A. Humphrey sold 3,347 shares of the stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total transaction of $196,803.60. Following the completion of the transaction, the senior vice president now directly owns 35,314 shares in the company, valued at $2,076,463.20. The disclosure for this sale can be found here. Insiders have sold 15,884 shares of company stock worth $941,810 in the last ninety days. 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.