21,455 Shares in Evergy, Inc. (NYSE:EVRG) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new stake in shares of Evergy, Inc. (NYSE:EVRG) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 21,455 shares of the company’s stock, valued at approximately $1,330,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Evergy by 0.9% during the 1st 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 increased its stake in shares of 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 acquiring an additional 1,026,374 shares in the last quarter. Federated Hermes Inc. increased its stake in shares of Evergy by 18.8% in the 2nd quarter. Federated Hermes Inc. now owns 3,490,674 shares of the company’s stock worth $184,901,000 after acquiring an additional 552,455 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Evergy by 5.3% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,686,541 shares of the company’s stock worth $141,787,000 after acquiring an additional 134,236 shares in the last quarter. Finally, Zimmer Partners LP increased 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 acquiring an additional 2,062,434 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

Evergy Trading Up 0.4 %

Shares of EVRG stock opened at $59.79 on Tuesday. The stock’s 50-day moving average price is $60.56 and its 200-day moving average price is $56.84. The company has a current ratio of 0.59, a quick ratio of 0.35 and a debt-to-equity ratio of 1.23. Evergy, Inc. has a 12-month low of $47.97 and a 12-month high of $62.58. The stock has a market capitalization of $13.75 billion, a price-to-earnings ratio of 18.49, a price-to-earnings-growth ratio of 2.69 and a beta of 0.62.

Evergy (NYSE:EVRG) last announced its 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 business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.32 billion. Evergy had a return on equity of 8.50% and a net margin of 13.12%. During the same quarter in the previous year, the business earned $0.81 earnings per share. Equities research analysts predict that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, August 20th were issued a dividend of $0.6425 per share. The ex-dividend date was Tuesday, August 20th. This represents a $2.57 dividend on an annualized basis and a yield of 4.30%. Evergy’s dividend payout ratio is currently 80.06%.

Insiders Place Their Bets

In other Evergy news, SVP Charles A. Caisley sold 9,236 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $59.63, for a total transaction of $550,742.68. Following the completion of the sale, the senior vice president now owns 33,425 shares in the company, valued at $1,993,132.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, SVP Heather A. Humphrey sold 3,347 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $2,076,463.20. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Charles A. Caisley sold 9,236 shares of the company’s stock in a transaction on 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 directly owns 33,425 shares in the company, valued at approximately $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. Insiders sold a total of 15,884 shares of company stock worth $941,810 over the last 90 days. Company insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

EVRG has been the subject of a number of analyst reports. Jefferies Financial Group initiated coverage on shares of Evergy in a research note on Thursday, September 19th. They set a “buy” rating and a $70.00 price objective for the company. Wells Fargo & Company raised their price objective on shares of Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. UBS Group upgraded shares of Evergy to a “hold” rating in a research note on Wednesday, September 18th. Mizuho initiated coverage on shares of Evergy in a research note on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price objective for the company. Finally, Barclays reduced their price objective on shares of Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $61.88.

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.