Delap Wealth Advisory LLC Purchases 3,941 Shares of Evergy, Inc. (NYSE:EVRG)

Delap Wealth Advisory LLC boosted its position in Evergy, Inc. (NYSE:EVRG) by 82.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,697 shares of the company’s stock after purchasing an additional 3,941 shares during the quarter. Delap Wealth Advisory LLC’s holdings in Evergy were worth $461,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of EVRG. Gilbert & Cook Inc. increased its holdings in shares of Evergy by 4.7% during the fourth quarter. Gilbert & Cook Inc. now owns 7,008 shares of the company’s stock valued at $366,000 after acquiring an additional 317 shares in the last quarter. Principal Securities Inc. bought a new position in shares of Evergy during the fourth quarter valued at $43,000. Dimensional Fund Advisors LP increased its holdings in shares of Evergy by 5.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,004,153 shares of the company’s stock valued at $52,417,000 after acquiring an additional 48,194 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Evergy by 63.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 34,894 shares of the company’s stock valued at $1,821,000 after acquiring an additional 13,493 shares in the last quarter. Finally, Coldstream Capital Management Inc. bought a new position in shares of Evergy during the fourth quarter valued at $272,000. 87.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Evergy 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 transaction, 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 Securities & Exchange Commission, which is available at the SEC website. In other news, Director Ann D. Murtlow sold 3,301 shares of Evergy stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $58.85, for a total transaction of $194,263.85. Following the transaction, the director now directly owns 2,847 shares of the company’s stock, valued at approximately $167,545.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Heather A. Humphrey sold 3,347 shares of Evergy 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 transaction, the senior vice president now directly owns 35,314 shares in the company, valued at $2,076,463.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,884 shares of company stock valued at $941,810. Insiders own 0.47% of the company’s stock.

Evergy Trading Up 0.9 %

Shares of NYSE:EVRG opened at $61.65 on Friday. The stock has a market capitalization of $14.18 billion, a price-to-earnings ratio of 19.95, 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. The stock’s 50-day simple moving average is $58.63 and its two-hundred day simple moving average is $54.92. Evergy, Inc. has a 52-week low of $46.92 and a 52-week high of $62.24.

Evergy (NYSE:EVRG) last announced its earnings results on Friday, August 9th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.01. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations 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 firm posted $0.81 earnings per share. Analysts expect that Evergy, Inc. will post 3.85 EPS for the current year.

Evergy Dividend Announcement

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

Wall Street Analyst Weigh In

EVRG has been the subject of several analyst reports. UBS Group upgraded Evergy to a “hold” rating in a report on Wednesday. Barclays lifted their price objective on Evergy from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. Finally, Jefferies Financial Group assumed coverage on Evergy in a report on Thursday. They issued a “buy” rating and a $70.00 price objective for the company. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Evergy presently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

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.