Evergy (NYSE:EVRG) Sets New 12-Month High at $62.44

Shares of Evergy, Inc. (NYSE:EVRG) hit a new 52-week high on Tuesday . The stock traded as high as $62.44 and last traded at $62.19, with a volume of 294010 shares. The stock had previously closed at $62.00.

Wall Street Analyst Weigh In

EVRG has been the topic of a number of research analyst reports. 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. Jefferies Financial Group started coverage on shares of Evergy in a report on Thursday, September 19th. They issued a “buy” rating and a $70.00 price target for the company. Finally, UBS Group raised shares of Evergy to a “hold” rating in a report on Wednesday, September 18th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Evergy has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

Evergy Trading Up 0.1 %

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 stock has a market capitalization of $14.27 billion, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 3.12 and a beta of 0.62. The business has a fifty day moving average of $58.79 and a 200-day moving average of $55.03.

Evergy (NYSE:EVRG) last issued its earnings results on Friday, August 9th. The company reported $0.90 earnings per share (EPS) 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 analysts’ expectations 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 previous year, the firm posted $0.81 EPS. On average, equities analysts anticipate that Evergy, Inc. will post 3.85 earnings per share for the current fiscal year.

Evergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Tuesday, August 20th were paid a dividend of $0.6425 per share. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date was Tuesday, August 20th. Evergy’s dividend payout ratio (DPR) is presently 83.17%.

Insider Buying and Selling

In other Evergy news, SVP Heather A. Humphrey sold 3,347 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total transaction of $196,803.60. Following 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 document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Charles A. Caisley sold 9,236 shares of the stock in a transaction dated 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 owns 33,425 shares in the company, valued at $1,993,132.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Heather A. Humphrey sold 3,347 shares of the stock in a transaction on 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 owns 35,314 shares of the company’s stock, valued at approximately $2,076,463.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 15,884 shares of company stock worth $941,810. Insiders own 0.47% of the company’s stock.

Institutional Investors Weigh In On Evergy

Several large investors have recently made changes to their positions in the company. Point72 Asset Management L.P. grew its holdings in shares of Evergy by 1,038.7% during the fourth quarter. Point72 Asset Management L.P. now owns 3,612,200 shares of the company’s stock worth $188,557,000 after purchasing an additional 3,294,967 shares during the last quarter. Manning & Napier Advisors LLC acquired a new position in shares of Evergy during the second quarter worth approximately $112,464,000. Zimmer Partners LP grew its stake in shares of Evergy by 781.4% during the first 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 during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Evergy in the fourth quarter valued at approximately $89,832,000. Finally, Vanguard Group Inc. raised its position in Evergy by 4.8% in the 4th quarter. Vanguard Group Inc. now owns 30,757,415 shares of the company’s stock worth $1,605,537,000 after purchasing an additional 1,399,199 shares during the last quarter. Institutional investors own 87.24% 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.