JPMorgan Chase & Co. Buys 330,464 Shares of Evergy, Inc. (NASDAQ:EVRG)

JPMorgan Chase & Co. increased its position in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 24.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,675,453 shares of the company's stock after acquiring an additional 330,464 shares during the quarter. JPMorgan Chase & Co. owned about 0.73% of Evergy worth $103,895,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EVRG. Sunbelt Securities Inc. grew its position in Evergy by 2.2% during the third quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company's stock worth $482,000 after buying an additional 168 shares in the last quarter. Hexagon Capital Partners LLC raised its position in Evergy by 47.1% in the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company's stock valued at $33,000 after purchasing an additional 170 shares during the last quarter. Empirical Finance LLC increased its stake in shares of Evergy by 2.3% in the third quarter. Empirical Finance LLC now owns 7,751 shares of the company's stock valued at $481,000 after buying an additional 171 shares in the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Evergy by 1.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 18,563 shares of the company's stock valued at $1,138,000 after purchasing an additional 212 shares in the last quarter. Finally, World Investment Advisors LLC lifted its stake in shares of Evergy by 3.9% during the third quarter. World Investment Advisors LLC now owns 5,715 shares of the company's stock valued at $354,000 after acquiring an additional 212 shares during the period. Institutional investors and hedge funds own 87.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on EVRG shares. Barclays lowered their target price 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. LADENBURG THALM/SH SH upgraded Evergy from a "neutral" rating to a "buy" rating and upped their price objective for the company from $59.00 to $68.50 in a report on Thursday. Mizuho started coverage on Evergy in a report on Tuesday, October 29th. They set an "outperform" rating and a $67.00 target price on the stock. Jefferies Financial Group began coverage on Evergy in a research note on Thursday, September 19th. They issued a "buy" rating and a $70.00 price target for the company. Finally, UBS Group raised shares of Evergy to a "hold" rating in a research note on Wednesday, September 18th. Two equities 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 stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.06.

Evergy Stock Up 0.1 %

EVRG traded up $0.09 during trading on Thursday, reaching $61.64. The company had a trading volume of 1,634,053 shares, compared to its average volume of 2,043,055. The company has a market cap of $14.18 billion, a P/E ratio of 16.66, a PEG ratio of 2.75 and a beta of 0.64. Evergy, Inc. has a 12 month low of $48.04 and a 12 month 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. The business's fifty day moving average price is $62.34 and its 200 day moving average price is $59.53.

Evergy (NASDAQ:EVRG - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.95 by $0.07. The business had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $2.35 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The firm's revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.88 EPS. Equities analysts anticipate that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, November 21st were issued a $0.6675 dividend. 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 dividend on an annualized basis and a dividend yield of 4.33%. Evergy's dividend payout ratio (DPR) is 72.16%.

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 shares were sold at an average price of $62.93, for a total value of $3,029,513.13. Following the completion of the sale, the executive vice president now owns 1 shares in the company, valued at $62.93. This trade represents a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.47% of the stock is currently owned by 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.