Wilmington Savings Fund Society FSB Purchases Shares of 16,604 Evergy, Inc. (NASDAQ:EVRG)

Wilmington Savings Fund Society FSB acquired a new position in shares of Evergy, Inc. (NASDAQ:EVRG - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,604 shares of the company's stock, valued at approximately $1,030,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EVRG. Fairscale Capital LLC bought a new position in Evergy during the 2nd quarter worth approximately $27,000. Truvestments Capital LLC acquired a new position in shares of Evergy in the third quarter valued at $32,000. Hexagon Capital Partners LLC increased its holdings in shares of 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 purchasing an additional 170 shares during the last quarter. Rothschild Investment LLC bought a new stake in shares of Evergy in the second quarter valued at about $37,000. Finally, Hantz Financial Services Inc. bought a new stake in Evergy during the second quarter worth about $41,000. 87.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Evergy Trading Down 0.3 %

Shares of Evergy stock traded down $0.21 during midday trading on Friday, reaching $61.91. 1,820,357 shares of the company's stock traded hands, compared to its average volume of 2,046,830. The stock has a 50 day moving average of $62.08 and a 200-day moving average of $58.79. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The company has a market cap of $14.24 billion, a PE ratio of 16.73, a price-to-earnings-growth ratio of 2.77 and a beta of 0.64. Evergy, Inc. has a 12 month low of $48.04 and a 12 month high of $65.47.

Evergy (NASDAQ:EVRG - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $2.02 EPS for the quarter, topping analysts' consensus estimates of $1.95 by $0.07. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The firm had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $2.35 billion. During the same period in the prior year, the firm posted $1.88 earnings per share. The company's quarterly revenue was up 8.5% on a year-over-year basis. As a group, equities analysts expect that Evergy, Inc. will post 3.85 EPS for the current fiscal year.

Evergy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, November 21st will be paid a $0.6675 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.67 annualized dividend and a dividend yield of 4.31%. This is an increase from Evergy's previous quarterly dividend of $0.64. 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 Evergy stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $62.93, for a total value of $3,029,513.13. Following the sale, the executive vice president now owns 1 shares of the company's stock, valued at $62.93. The trade was a 100.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.47% of the company's stock.

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.