Evergy, Inc. (NASDAQ:EVRG) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC cut its stake in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) by 52.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,045 shares of the company's stock after selling 15,364 shares during the quarter. Exchange Traded Concepts LLC's holdings in Evergy were worth $864,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. MBB Public Markets I LLC bought a new stake in Evergy in the 2nd quarter worth approximately $893,000. Scientech Research LLC purchased a new position in shares of Evergy during the second quarter worth approximately $294,000. Creative Planning lifted its holdings in shares of Evergy by 15.3% in the 2nd quarter. Creative Planning now owns 122,782 shares of the company's stock worth $6,504,000 after acquiring an additional 16,307 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Evergy by 17.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 17,040 shares of the company's stock valued at $903,000 after purchasing an additional 2,488 shares in the last quarter. Finally, Kimelman & Baird LLC bought a new position in shares of Evergy during the 2nd quarter valued at $215,000. 87.24% of the stock is currently owned by institutional investors.

Evergy Price Performance

Shares of EVRG stock traded down $0.08 during mid-day trading on Friday, hitting $64.17. The company had a trading volume of 3,105,537 shares, compared to its average volume of 1,568,636. The company has a market capitalization of $14.76 billion, a P/E ratio of 17.34, a P/E/G ratio of 2.64 and a beta of 0.64. The stock's 50 day moving average price is $62.40 and its 200-day moving average price is $60.91. Evergy, Inc. has a 52-week low of $48.04 and a 52-week high of $65.47. 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 (NASDAQ:EVRG - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.95 by $0.07. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $2.35 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The company's revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.88 EPS. Equities research analysts forecast that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, November 21st were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.16%. This is an increase from Evergy's previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Thursday, November 21st. Evergy's dividend payout ratio is presently 72.16%.

Analyst Ratings Changes

A number of research firms have recently weighed in on EVRG. Barclays lowered their target price on Evergy from $65.00 to $62.00 and set an "overweight" rating for the company in a research note on Monday, January 27th. LADENBURG THALM/SH SH upgraded Evergy from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $59.00 to $68.50 in a research report on Thursday, January 2nd. Wells Fargo & Company raised their target price on shares of Evergy from $65.00 to $69.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Mizuho began 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. Finally, Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $65.36.

Insider Buying and Selling

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of the stock in a transaction dated 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 in the company, valued at $62.93. This represents a 100.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is owned by corporate insiders.

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.