Creative Planning Purchases 812 Shares of Evergy, Inc. (NYSE:EVRG)

Creative Planning boosted its holdings in Evergy, Inc. (NYSE:EVRG) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 123,594 shares of the company’s stock after acquiring an additional 812 shares during the quarter. Creative Planning owned 0.05% of Evergy worth $7,664,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Evergy by 0.9% in the first quarter. Vanguard Group Inc. now owns 31,046,328 shares of the company’s stock valued at $1,657,253,000 after purchasing an additional 288,913 shares during the last quarter. Millennium Management LLC grew its position in Evergy by 38.6% in the 2nd quarter. Millennium Management LLC now owns 3,683,000 shares of the company’s stock worth $195,089,000 after purchasing an additional 1,026,374 shares in the last quarter. Federated Hermes Inc. increased its stake in Evergy by 18.8% in the 2nd quarter. Federated Hermes Inc. now owns 3,490,674 shares of the company’s stock valued at $184,901,000 after buying an additional 552,455 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Evergy by 5.3% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,686,541 shares of the company’s stock worth $141,787,000 after buying an additional 134,236 shares in the last quarter. Finally, Zimmer Partners LP boosted its stake in shares of Evergy by 781.4% in the 1st quarter. Zimmer Partners LP now owns 2,326,385 shares of the company’s stock worth $124,182,000 after buying an additional 2,062,434 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Trading Up 0.7 %

Shares of Evergy stock opened at $61.96 on Thursday. The stock has a market capitalization of $14.25 billion, a P/E ratio of 20.05, a P/E/G ratio of 2.65 and a beta of 0.62. Evergy, Inc. has a 52-week low of $47.97 and a 52-week high of $62.58. 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 $60.28 and its 200 day simple moving average is $56.36.

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

Evergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Investors 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 dividend on an annualized basis and a dividend yield of 4.15%. Evergy’s dividend payout ratio (DPR) is presently 83.17%.

Insider Buying and Selling at Evergy

In other Evergy 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 sale, the senior vice president now owns 35,314 shares of the company’s stock, valued at $2,076,463.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP Heather A. Humphrey sold 3,347 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total transaction 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann D. Murtlow sold 3,301 shares of the company’s 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 transaction, the director now directly owns 2,847 shares of the company’s stock, valued at approximately $167,545.95. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,884 shares of company stock valued at $941,810 in the last 90 days. Corporate insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EVRG. Wells Fargo & Company increased their price target on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Barclays lowered their target price on Evergy from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday. UBS Group upgraded shares of Evergy to a “hold” rating in a research report on Wednesday, September 18th. Finally, Jefferies Financial Group began coverage on shares of Evergy in a research report on Thursday, September 19th. They issued a “buy” rating and a $70.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Evergy presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.14.

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.