Evergy, Inc. (NYSE:EVRG) Position Lessened by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. lowered its stake in shares of Evergy, Inc. (NYSE:EVRG) by 2.7% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,436 shares of the company’s stock after selling 204 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in Evergy were worth $394,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC acquired a new stake in shares of Evergy in the first quarter valued at approximately $32,000. Toth Financial Advisory Corp grew its holdings in Evergy by 199.5% in the 1st quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock worth $34,000 after buying an additional 423 shares in the last quarter. Rothschild Investment LLC bought a new position in Evergy in the 2nd quarter worth approximately $37,000. Hantz Financial Services Inc. acquired a new stake in Evergy in the 2nd quarter valued at approximately $41,000. Finally, Principal Securities Inc. bought a new stake in Evergy during the 4th quarter valued at $43,000. 87.24% of the stock is currently owned by institutional investors.

Insider Activity at Evergy

In other Evergy news, SVP Charles A. Caisley sold 9,236 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $59.63, for a total transaction of $550,742.68. Following the sale, the senior vice president now owns 33,425 shares in the company, valued at approximately $1,993,132.75. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, SVP Heather A. Humphrey sold 3,347 shares of the firm’s stock in a transaction on 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 $2,076,463.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Charles A. Caisley sold 9,236 shares of the company’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 transaction, the senior vice president now owns 33,425 shares in the company, valued at approximately $1,993,132.75. The disclosure for this sale can be found here. Insiders sold 15,884 shares of company stock worth $941,810 in the last quarter. 0.47% of the stock is owned by company insiders.

Evergy Trading Up 0.9 %

Shares of EVRG stock opened at $61.65 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.59 and a debt-to-equity ratio of 1.23. The stock has a 50-day simple moving average of $58.63 and a 200 day simple moving average of $54.92. Evergy, Inc. has a fifty-two week low of $46.92 and a fifty-two week high of $62.24. The stock has a market capitalization of $14.18 billion, a P/E ratio of 19.95, a P/E/G ratio of 3.12 and a beta of 0.62.

Evergy (NYSE:EVRG) last issued its earnings results on Friday, August 9th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The firm had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Evergy had a net margin of 13.12% and a return on equity of 8.50%. During the same period last year, the firm posted $0.81 earnings per share. On average, sell-side analysts expect that Evergy, Inc. will post 3.85 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Tuesday, August 20th were issued a dividend of $0.6425 per share. This represents a $2.57 annualized dividend and a dividend yield of 4.17%. The ex-dividend date of this dividend was Tuesday, August 20th. Evergy’s dividend payout ratio is 83.17%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Jefferies Financial Group began coverage on Evergy in a research note on Thursday. 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 research report on Tuesday, August 13th. Finally, UBS Group upgraded shares of Evergy to a “hold” rating in a research report on Wednesday. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $60.00.

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.