FineMark National Bank & Trust Decreases Stake in Evergy, Inc. (NYSE:EVRG)

FineMark National Bank & Trust lessened its holdings in shares of Evergy, Inc. (NYSE:EVRGGet Rating) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,959 shares of the company’s stock after selling 414 shares during the period. FineMark National Bank & Trust’s holdings in Evergy were worth $5,005,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. FSB Premier Wealth Management Inc. purchased a new position in shares of Evergy during the fourth quarter worth $27,000. Private Capital Group LLC raised its holdings in shares of Evergy by 154.8% during the fourth quarter. Private Capital Group LLC now owns 688 shares of the company’s stock worth $47,000 after purchasing an additional 418 shares during the last quarter. Jacobi Capital Management LLC raised its holdings in shares of Evergy by 21.3% during the third quarter. Jacobi Capital Management LLC now owns 918 shares of the company’s stock worth $57,000 after purchasing an additional 161 shares during the last quarter. Consolidated Planning Corp purchased a new position in shares of Evergy during the third quarter worth $59,000. Finally, Covestor Ltd purchased a new position in shares of Evergy during the fourth quarter worth $68,000. 87.39% of the stock is owned by hedge funds and other institutional investors.

EVRG stock traded up $0.72 during midday trading on Monday, hitting $68.15. 2,033 shares of the stock traded hands, compared to its average volume of 1,433,057. The stock’s fifty day simple moving average is $68.24 and its 200-day simple moving average is $66.12. Evergy, Inc. has a 1-year low of $59.46 and a 1-year high of $73.13. The firm has a market cap of $15.64 billion, a P/E ratio of 19.16, a PEG ratio of 3.11 and a beta of 0.47. The company has a debt-to-equity ratio of 1.00, a current ratio of 0.51 and a quick ratio of 0.33.

Evergy (NYSE:EVRGGet Rating) last announced its earnings results on Thursday, May 5th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.03. Evergy had a net margin of 15.59% and a return on equity of 8.93%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the business earned $0.55 earnings per share. On average, research analysts predict that Evergy, Inc. will post 3.53 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 20th. Stockholders of record on Friday, May 20th will be given a $0.5725 dividend. The ex-dividend date is Thursday, May 19th. This represents a $2.29 annualized dividend and a dividend yield of 3.36%. Evergy’s dividend payout ratio (DPR) is 65.06%.

In related news, Director Sandra Aj Lawrence sold 657 shares of the business’s stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $67.18, for a total transaction of $44,137.26. Following the transaction, the director now directly owns 2,680 shares in the company, valued at $180,042.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Charles L. King sold 1,200 shares of the business’s stock in a transaction dated Thursday, March 10th. The stock was sold at an average price of $63.26, for a total transaction of $75,912.00. The disclosure for this sale can be found here. 0.47% of the stock is owned by company insiders.

Several research analysts recently issued reports on the stock. Credit Suisse Group assumed coverage on shares of Evergy in a report on Monday, April 25th. They set an “outperform” rating and a $76.00 target price for the company. Wells Fargo & Company raised their price target on shares of Evergy from $67.00 to $75.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 19th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $71.00.

Evergy Company Profile (Get Rating)

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Kansas and Missouri, the United States. It generates electricity through coal, hydroelectric, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources.

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Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

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