Evergy, Inc. (NYSE:EVRG) Shares Sold by Jennison Associates LLC

Jennison Associates LLC reduced its stake in shares of Evergy, Inc. (NYSE:EVRG - Free Report) by 4.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,404,610 shares of the company's stock after selling 73,071 shares during the period. Jennison Associates LLC owned 0.61% of Evergy worth $87,100,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fairscale Capital LLC acquired a new position in shares of Evergy in the second quarter worth $27,000. Hexagon Capital Partners LLC increased its position in Evergy by 47.1% during the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company's stock worth $33,000 after purchasing an additional 170 shares in the last quarter. Rothschild Investment LLC acquired a new position in Evergy in the 2nd quarter valued at about $37,000. Hantz Financial Services Inc. purchased a new position in Evergy in the 2nd quarter valued at about $41,000. Finally, Benjamin Edwards Inc. lifted its holdings in Evergy by 47.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 856 shares of the company's stock valued at $45,000 after purchasing an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Barclays lowered their price target on shares of Evergy from $67.00 to $65.00 and set an "overweight" rating for the company in a report on Monday, October 21st. Wells Fargo & Company boosted their price target on Evergy from $65.00 to $69.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. UBS Group raised Evergy to a "hold" rating in a research report on Wednesday, September 18th. Mizuho assumed coverage on Evergy in a research report on Tuesday, October 29th. They set an "outperform" rating and a $67.00 target price on the stock. Finally, Jefferies Financial Group started coverage on Evergy in a report on Thursday, September 19th. They issued a "buy" rating and a $70.00 price target for the company. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $61.88.

Evergy Stock Performance

Shares of NYSE:EVRG opened at $64.37 on Thursday. The firm has a market capitalization of $14.80 billion, a PE ratio of 17.40, a P/E/G ratio of 2.84 and a beta of 0.62. The business has a 50-day moving average of $61.36 and a two-hundred day moving average of $57.74. 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 12 month low of $48.04 and a 12 month high of $64.42.

Evergy (NYSE:EVRG - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.02 EPS for the quarter, topping the consensus estimate of $1.95 by $0.07. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The business had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $2.35 billion. During the same quarter last year, the company posted $1.88 earnings per share. The company's quarterly revenue was up 8.5% compared to the same quarter last year. As a group, research analysts forecast that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.6675 per share. This is a positive change from Evergy's previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.67 annualized dividend and a yield of 4.15%. Evergy's payout ratio is presently 69.46%.

Insider Activity at Evergy

In other Evergy news, SVP Heather A. Humphrey sold 3,347 shares of the stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total value of $196,803.60. Following the sale, the senior vice president now directly owns 35,314 shares of the company's stock, valued at $2,076,463.20. This trade represents a 8.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kevin E. Bryant sold 48,141 shares of the business's stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the transaction, the executive vice president now directly owns 1 shares of the company's stock, valued at approximately $62.93. This trade represents a 100.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 60,724 shares of company stock valued at $3,777,059 in the last quarter. Insiders own 3.26% of the company's stock.

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.

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