Atria Investments Inc Has $247,000 Position in Evergy, Inc. (NYSE:EVRG)

Atria Investments Inc lessened its holdings in shares of Evergy, Inc. (NYSE:EVRG) by 6.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 3,986 shares of the company’s stock after selling 257 shares during the period. Atria Investments Inc’s holdings in Evergy were worth $247,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in EVRG. Fairscale Capital LLC acquired a new stake in Evergy in the 2nd quarter worth $27,000. Hexagon Capital Partners LLC raised its holdings in Evergy by 47.1% in the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after acquiring an additional 170 shares in the last quarter. Rothschild Investment LLC bought a new stake in shares of Evergy in the 2nd quarter worth approximately $37,000. Hantz Financial Services Inc. acquired a new stake in shares of Evergy during the 2nd quarter worth approximately $41,000. Finally, Benjamin Edwards Inc. increased its position in shares of Evergy by 47.8% during the second quarter. Benjamin Edwards Inc. now owns 856 shares of the company’s stock valued at $45,000 after purchasing an additional 277 shares during the period. Institutional investors own 87.24% of the company’s stock.

Evergy Stock Down 0.5 %

NYSE EVRG opened at $64.26 on Friday. The stock’s 50 day simple moving average is $61.51 and its 200 day simple moving average is $57.89. Evergy, Inc. has a one year low of $48.04 and a one year high of $64.95. The firm has a market cap of $14.78 billion, a PE ratio of 17.37, a price-to-earnings-growth ratio of 2.87 and a beta of 0.62. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32.

Evergy (NYSE:EVRG) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.02 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.07. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the previous year, the firm earned $1.88 earnings per share. The business’s revenue was up 8.5% on a year-over-year basis. As a group, sell-side analysts forecast that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 21st will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend is Thursday, November 21st. This is a boost from Evergy’s previous quarterly dividend of $0.64. Evergy’s dividend payout ratio (DPR) is presently 72.16%.

Insiders Place Their Bets

In other news, EVP Kevin E. Bryant sold 48,141 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the transaction, the executive vice president now owns 1 shares of the company’s stock, valued at $62.93. This represents a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 value 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. The trade was a 8.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 60,724 shares of company stock valued at $3,777,059. Insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

EVRG has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Mizuho initiated coverage on shares of Evergy in a research report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price target for the company. UBS Group raised Evergy to a “hold” rating in a report 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 objective on the stock. Finally, Barclays cut their target price on Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $61.88.

About Evergy

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.