Rockland Trust Co. Acquires 596 Shares of Evergy, Inc. (NYSE:EVRG)

Rockland Trust Co. lifted its position in shares of Evergy, Inc. (NYSE:EVRG) by 3.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,810 shares of the company’s stock after acquiring an additional 596 shares during the period. Rockland Trust Co.’s holdings in Evergy were worth $1,042,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Fairscale Capital LLC bought a new stake in shares of Evergy during the 2nd quarter worth approximately $27,000. Fidelis Capital Partners LLC purchased a new position in Evergy during the first quarter valued at approximately $32,000. Toth Financial Advisory Corp raised its position in shares of Evergy by 199.5% in the first quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock worth $34,000 after acquiring an additional 423 shares during the period. Rothschild Investment LLC purchased a new position in shares of Evergy during the 2nd quarter valued at approximately $37,000. Finally, Hantz Financial Services Inc. acquired a new stake in shares of Evergy in the second quarter worth approximately $41,000. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Insider Transactions at Evergy

In related news, 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 sale, the senior vice president now directly owns 35,314 shares of the company’s stock, valued at $2,076,463.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Evergy news, SVP Heather A. Humphrey sold 3,347 shares of the stock in a transaction that occurred 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 sale, the senior vice president now owns 35,314 shares of the company’s stock, valued at approximately $2,076,463.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Charles A. Caisley sold 9,236 shares of the business’s 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 directly owns 33,425 shares of the company’s stock, valued at $1,993,132.75. The trade was a 0.00 % decrease in their ownership of the stock. 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. Company insiders own 0.47% of the company’s stock.

Evergy Stock Performance

Shares of NYSE EVRG traded down $0.44 during trading hours on Friday, reaching $60.33. The stock had a trading volume of 2,389,568 shares, compared to its average volume of 2,116,573. The company has a market cap of $13.87 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 2.76 and a beta of 0.62. The business’s fifty day moving average is $59.84 and its two-hundred day moving average is $55.60. Evergy, Inc. has a twelve month low of $46.92 and a twelve month high of $62.58. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.59 and a quick ratio of 0.35.

Evergy (NYSE:EVRG) last issued 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. Evergy had a return on equity of 8.50% and a net margin of 13.12%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the firm posted $0.81 earnings per share. As a group, research analysts expect that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, August 20th were issued a $0.6425 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $2.57 annualized dividend and a dividend yield of 4.26%. Evergy’s dividend payout ratio is currently 83.17%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EVRG. UBS Group raised shares of Evergy to a “hold” rating in a research note on Wednesday, September 18th. Jefferies Financial Group started coverage on Evergy in a research note on Thursday, September 19th. They issued a “buy” rating and a $70.00 price target on the stock. Finally, Barclays raised 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. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Evergy presently has a consensus rating of “Moderate Buy” and a consensus price target 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.