Evergy, Inc. (NASDAQ:EVRG) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP lowered its position in Evergy, Inc. (NASDAQ:EVRG - Free Report) by 96.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,397 shares of the company's stock after selling 246,566 shares during the quarter. Wellington Management Group LLP's holdings in Evergy were worth $583,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in EVRG. Fairscale Capital LLC acquired a new stake in Evergy in the 2nd quarter valued at about $27,000. Truvestments Capital LLC acquired a new stake in shares of Evergy in the third quarter valued at approximately $32,000. Hexagon Capital Partners LLC increased its stake in shares of 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 shares of Evergy during the 2nd quarter worth approximately $37,000. Finally, Hantz Financial Services Inc. purchased a new stake in Evergy in the 2nd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 87.24% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Mizuho assumed coverage on Evergy in a report on Tuesday, October 29th. They issued an "outperform" rating and a $67.00 price target for the company. Barclays cut their target price on shares of Evergy from $67.00 to $65.00 and set an "overweight" rating for the company in a research note on Monday, October 21st. Jefferies Financial Group assumed coverage on shares of Evergy in a report on Thursday, September 19th. They issued a "buy" rating and a $70.00 target price on the stock. UBS Group upgraded shares of Evergy to a "hold" rating in a report on Wednesday, September 18th. Finally, Wells Fargo & Company upped their price objective on shares of Evergy from $65.00 to $69.00 and gave the company an "overweight" rating in a research note on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $61.88.

Insider Transactions at Evergy

In other 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 of the company's stock, valued at $62.93. This represents a 100.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.47% of the company's stock.

Evergy Trading Up 1.5 %

Shares of EVRG traded up $0.90 during mid-day trading on Friday, hitting $61.43. The company had a trading volume of 3,325,609 shares, compared to its average volume of 2,058,825. Evergy, Inc. has a 1-year low of $48.04 and a 1-year high of $65.47. The business's 50-day simple moving average is $62.24 and its 200-day simple moving average is $59.01. The stock has a market cap of $14.13 billion, a PE ratio of 16.60, a P/E/G ratio of 2.77 and a beta of 0.64. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15.

Evergy (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $2.35 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. Evergy's revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the business earned $1.88 EPS. Sell-side analysts forecast that Evergy, Inc. will post 3.85 earnings per share for the current year.

Evergy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.6675 per share. The ex-dividend date was Thursday, November 21st. This is a positive change from Evergy's previous quarterly dividend of $0.64. This represents a $2.67 annualized dividend and a yield of 4.35%. Evergy's dividend payout ratio is currently 72.16%.

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.