Centennial Bank AR Has $41,000 Position in Evergy, Inc. (NYSE:EVRG)

Centennial Bank AR reduced its position in Evergy, Inc. (NYSE:EVRG) by 50.0% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 777 shares of the company’s stock after selling 777 shares during the period. Centennial Bank AR’s holdings in Evergy were worth $41,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Cetera Investment Advisers raised its holdings in Evergy by 18.9% during the 2nd quarter. Cetera Investment Advisers now owns 61,253 shares of the company’s stock worth $3,245,000 after purchasing an additional 9,715 shares during the last quarter. Pathway Financial Advisers LLC grew its position in shares of Evergy by 7.4% during the 2nd quarter. Pathway Financial Advisers LLC now owns 36,508 shares of the company’s stock worth $1,931,000 after buying an additional 2,529 shares during the period. Kimelman & Baird LLC bought a new position in Evergy during the 2nd quarter worth approximately $215,000. Northwestern Mutual Wealth Management Co. grew its holdings in Evergy by 17.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 17,040 shares of the company’s stock valued at $903,000 after purchasing an additional 2,488 shares during the period. Finally, Creative Planning raised its holdings in Evergy by 15.3% in the second quarter. Creative Planning now owns 122,782 shares of the company’s stock worth $6,504,000 after purchasing an additional 16,307 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Trading Down 0.6 %

Evergy stock opened at $61.64 on Wednesday. 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 $59.58 and a 200-day moving average of $55.47. The company has a market cap of $14.17 billion, a price-to-earnings ratio of 19.95, a P/E/G ratio of 2.76 and a beta of 0.62. Evergy, Inc. has a one year low of $46.92 and a one year high of $62.58.

Evergy (NYSE:EVRG) last posted its quarterly earnings results on Friday, August 9th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. Evergy had a return on equity of 8.50% and a net margin of 13.12%. During the same period last year, the company earned $0.81 earnings per share. On average, equities analysts expect that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Announces Dividend

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, SVP Heather A. Humphrey sold 3,347 shares of Evergy 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 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 SEC, which is available at the SEC website. Also, Director Ann D. Murtlow sold 3,301 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total transaction of $194,263.85. Following the completion of the transaction, the director now directly owns 2,847 shares in the company, valued at $167,545.95. 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.

Analysts Set New Price Targets

EVRG has been the subject of several research analyst reports. UBS Group raised shares of Evergy to a “hold” rating in a report on Wednesday, September 18th. Barclays increased their target price on Evergy from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 13th. Finally, Jefferies Financial Group began coverage on shares of Evergy in a research report on Thursday, September 19th. They set a “buy” rating and a $70.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.00.

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.