Wealthcare Advisory Partners LLC Acquires 182 Shares of Evergy, Inc. (NASDAQ:EVRG)

Wealthcare Advisory Partners LLC lifted its holdings in shares of Evergy, Inc. (NASDAQ:EVRG) by 2.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,322 shares of the company’s stock after purchasing an additional 182 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Evergy were worth $451,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in EVRG. Envestnet Asset Management Inc. increased its holdings in shares of Evergy by 13.2% in the second quarter. Envestnet Asset Management Inc. now owns 307,797 shares of the company’s stock worth $16,304,000 after buying an additional 35,940 shares during the period. Dimensional Fund Advisors LP increased its stake in Evergy by 7.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,236,343 shares of the company’s stock worth $65,491,000 after purchasing an additional 83,035 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in Evergy by 7.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 47,243 shares of the company’s stock valued at $2,500,000 after purchasing an additional 3,324 shares during the last quarter. Amalgamated Bank boosted its stake in shares of Evergy by 24.2% during the second quarter. Amalgamated Bank now owns 72,888 shares of the company’s stock valued at $3,861,000 after purchasing an additional 14,223 shares during the period. Finally, Benjamin Edwards Inc. grew its holdings in shares of Evergy by 47.8% in the second quarter. Benjamin Edwards Inc. now owns 856 shares of the company’s stock worth $45,000 after purchasing an additional 277 shares during the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Insider Transactions at Evergy

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of the 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 sale, the executive vice president now directly owns 1 shares in the company, valued at approximately $62.93. This trade represents a 100.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

EVRG has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and upped their price target for the company from $59.00 to $68.50 in a research report on Thursday, January 2nd. Mizuho initiated coverage on Evergy in a report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price objective for the company. Finally, Barclays reduced 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, October 21st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.06.

Evergy Trading Up 0.4 %

Shares of NASDAQ EVRG opened at $63.16 on Tuesday. The stock has a market cap of $14.53 billion, a P/E ratio of 17.07, a price-to-earnings-growth ratio of 2.62 and a beta of 0.64. 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, Inc. has a 1 year low of $48.04 and a 1 year high of $65.47. The firm has a 50-day moving average of $62.46 and a 200 day moving average of $60.35.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings results 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 firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same period in the previous year, the firm posted $1.88 EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. As a group, sell-side analysts expect that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.6675 per share. The ex-dividend date of this dividend was Thursday, November 21st. This is an increase from Evergy’s previous quarterly dividend of $0.64. This represents a $2.67 annualized dividend and a dividend yield of 4.23%. Evergy’s dividend payout ratio (DPR) is presently 72.16%.

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.