11,048 Shares in Evergy, Inc. (NASDAQ:EVRG) Purchased by Davis Capital Management

Davis Capital Management acquired a new position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,048 shares of the company's stock, valued at approximately $680,000.

A number of other hedge funds also recently bought and sold shares of the company. Nisa Investment Advisors LLC boosted its position in shares of Evergy by 20.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 88,957 shares of the company's stock worth $5,475,000 after buying an additional 14,980 shares during the period. Atomi Financial Group Inc. lifted its stake in Evergy by 13.5% in the 4th quarter. Atomi Financial Group Inc. now owns 7,089 shares of the company's stock worth $436,000 after acquiring an additional 844 shares in the last quarter. LaFleur & Godfrey LLC boosted its position in Evergy by 11.5% during the 4th quarter. LaFleur & Godfrey LLC now owns 16,492 shares of the company's stock worth $1,015,000 after acquiring an additional 1,700 shares during the period. Community Bank of Raymore grew its stake in Evergy by 3.9% during the 4th quarter. Community Bank of Raymore now owns 30,914 shares of the company's stock valued at $1,903,000 after acquiring an additional 1,157 shares in the last quarter. Finally, HB Wealth Management LLC increased its holdings in shares of Evergy by 6.8% in the 4th quarter. HB Wealth Management LLC now owns 7,944 shares of the company's stock valued at $489,000 after purchasing an additional 506 shares during the period. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Price Performance

Shares of NASDAQ:EVRG traded down $0.76 during midday trading on Wednesday, reaching $62.87. 2,638,923 shares of the company's stock were exchanged, compared to its average volume of 1,697,100. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The company's 50 day simple moving average is $62.46 and its two-hundred day simple moving average is $60.42. Evergy, Inc. has a 12 month low of $48.04 and a 12 month high of $65.47. The firm has a market capitalization of $14.46 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 2.76 and a beta of 0.64.

Evergy (NASDAQ:EVRG - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.02 earnings per share for the quarter, beating 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 company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the previous year, the business earned $1.88 earnings per share. The company's quarterly revenue was up 8.5% on a year-over-year basis. Equities research analysts expect that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, November 21st were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend was Thursday, November 21st. This is an increase from Evergy's previous quarterly dividend of $0.64. Evergy's payout ratio is currently 72.16%.

Insider Transactions at Evergy

In other news, EVP Kevin E. Bryant sold 48,141 shares of the business's stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $62.93, for a total value of $3,029,513.13. Following the transaction, the executive vice president now directly owns 1 shares of the company's stock, valued at $62.93. The trade was a 100.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.26% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on the stock. Mizuho assumed coverage on shares of Evergy in a report on Tuesday, October 29th. They set an "outperform" rating and a $67.00 price target for the company. LADENBURG THALM/SH SH upgraded shares of Evergy from a "neutral" rating to a "buy" rating and boosted their price target for the company from $59.00 to $68.50 in a report on Thursday, January 2nd. Wells Fargo & Company upped their price target on shares of Evergy from $65.00 to $69.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 16th. Finally, Barclays reduced their price objective on Evergy from $67.00 to $65.00 and set an "overweight" rating for the company in a research report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $64.06.

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.