Mercer Global Advisors Inc. ADV Purchases 3,324 Shares of Evergy, Inc. (NYSE:EVRG)

Mercer Global Advisors Inc. ADV increased its position in Evergy, Inc. (NYSE:EVRG) by 7.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,243 shares of the company’s stock after purchasing an additional 3,324 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Evergy were worth $2,500,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Fidelis Capital Partners LLC acquired a new position in shares of Evergy during the first quarter valued at about $32,000. Toth Financial Advisory Corp boosted its stake in Evergy by 199.5% during the 1st quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock valued at $34,000 after purchasing an additional 423 shares during the last quarter. Rothschild Investment LLC bought a new stake in Evergy during the 2nd quarter worth approximately $37,000. Hantz Financial Services Inc. purchased a new stake in shares of Evergy in the second quarter worth approximately $41,000. Finally, Riverview Trust Co bought a new position in shares of Evergy in the first quarter valued at approximately $43,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Jefferies Financial Group began coverage on Evergy in a research report on Thursday, September 19th. They issued a “buy” rating and a $70.00 price target for the company. Barclays increased their target price on shares of Evergy from $61.00 to $64.00 and gave the company an “overweight” rating in a report on Tuesday, August 13th. Finally, UBS Group upgraded shares of Evergy to a “hold” rating in a report on Wednesday, September 18th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $60.00.

Evergy Stock Up 0.6 %

EVRG stock opened at $62.00 on Tuesday. The stock has a fifty day moving average of $58.79 and a 200-day moving average of $55.03. Evergy, Inc. has a fifty-two week low of $46.92 and a fifty-two week high of $62.24. The company has a market capitalization of $14.26 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 3.12 and a beta of 0.62. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.35 and a current ratio of 0.59.

Evergy (NYSE:EVRG) last posted its quarterly earnings results on Friday, August 9th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.01. The company had revenue of $1.45 billion for 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 in the previous year, the firm posted $0.81 earnings per share. As a group, equities research analysts predict that Evergy, Inc. will post 3.85 earnings per share for the current year.

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Tuesday, August 20th were issued a dividend of $0.6425 per share. The ex-dividend date was 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 83.17%.

Insiders Place Their Bets

In other news, 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 value of $196,803.60. Following the sale, the senior vice president now directly owns 35,314 shares of the company’s stock, valued at $2,076,463.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was 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 approximately $167,545.95. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $58.80, for a total value of $196,803.60. Following the completion of the sale, 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 a total of 15,884 shares of company stock worth $941,810 in the last quarter. 0.47% of the stock is owned by company insiders.

Evergy 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.