SteelPeak Wealth LLC acquired a new position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 15,580 shares of the company's stock, valued at approximately $959,000.
Other hedge funds have also modified their holdings of the company. Truvestments Capital LLC acquired a new position in Evergy in the third quarter valued at $32,000. Hexagon Capital Partners LLC lifted its stake in Evergy by 47.1% in the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company's stock valued at $33,000 after buying an additional 170 shares during the last quarter. Sentry Investment Management LLC purchased a new position in shares of Evergy during the third quarter worth approximately $51,000. USA Financial Formulas acquired a new position in shares of Evergy in the 4th quarter valued at $73,000. Finally, Venturi Wealth Management LLC raised its position in Evergy by 230.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company's stock valued at $86,000 after purchasing an additional 966 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of the business's stock in a transaction dated 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 transaction, the executive vice president now owns 1 shares in the company, valued at $62.93. The trade was a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.47% of the stock is currently owned by insiders.
Evergy Price Performance
EVRG stock traded up $1.23 on Thursday, reaching $64.25. The company had a trading volume of 2,077,430 shares, compared to its average volume of 1,760,486. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. Evergy, Inc. has a 1 year low of $48.04 and a 1 year high of $65.47. The company's fifty day moving average is $62.41 and its 200 day moving average is $60.77. The company has a market cap of $14.78 billion, a P/E ratio of 17.36, a PEG ratio of 2.75 and a beta of 0.64.
Evergy (NASDAQ:EVRG - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.07. The company had revenue of $1.81 billion during 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%. Evergy's revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.88 EPS. On average, research analysts forecast that Evergy, Inc. will post 3.84 earnings per share for the current year.
Evergy Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Thursday, November 21st were issued a $0.6675 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.67 dividend on an annualized basis and a yield of 4.16%. This is a boost from Evergy's previous quarterly dividend of $0.64. Evergy's dividend payout ratio (DPR) is presently 72.16%.
Analyst Ratings Changes
EVRG has been the topic of a number of research reports. LADENBURG THALM/SH SH upgraded 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 research report on Thursday, January 2nd. Mizuho initiated coverage on Evergy in a research note on Tuesday, October 29th. They set an "outperform" rating and a $67.00 price target for the company. Guggenheim raised shares of Evergy from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Wells Fargo & Company lifted their target price on shares of Evergy from $65.00 to $69.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Finally, Barclays cut their price objective on Evergy from $65.00 to $62.00 and set an "overweight" rating for the company in a research report on Monday. One analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Evergy currently has a consensus rating of "Moderate Buy" and an average target price of $65.36.
Get Our Latest Stock Report on EVRG
About Evergy
(
Free Report)
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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