Goelzer Investment Management Inc. Buys Shares of 14,800 Evergy Inc. $EVRG

Goelzer Investment Management Inc. bought a new stake in shares of Evergy Inc. (NASDAQ:EVRG) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 14,800 shares of the company’s stock, valued at approximately $1,073,000.

A number of other hedge funds have also recently made changes to their positions in EVRG. Massachusetts Financial Services Co. MA raised its stake in Evergy by 346.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,046,787 shares of the company’s stock valued at $155,597,000 after buying an additional 1,588,100 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Evergy by 969.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,329,424 shares of the company’s stock worth $101,063,000 after acquiring an additional 1,205,101 shares during the last quarter. ANTIPODES PARTNERS Ltd bought a new position in shares of Evergy during the third quarter valued at $72,860,000. Truist Financial Corp increased its holdings in shares of Evergy by 169.2% during the third quarter. Truist Financial Corp now owns 1,438,958 shares of the company’s stock valued at $109,390,000 after acquiring an additional 904,400 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Evergy by 136.7% during the third quarter. Envestnet Asset Management Inc. now owns 1,003,616 shares of the company’s stock valued at $76,295,000 after acquiring an additional 579,531 shares in the last quarter. 87.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on EVRG. Weiss Ratings reiterated a “buy (b-)” rating on shares of Evergy in a research note on Monday, December 29th. Royal Bank Of Canada restated an “outperform” rating and set a $91.00 price objective on shares of Evergy in a research note on Friday, January 23rd. Barclays upped their target price on shares of Evergy from $82.00 to $89.00 and gave the stock an “overweight” rating in a research note on Monday, March 9th. BMO Capital Markets increased their price target on shares of Evergy from $82.00 to $87.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Finally, UBS Group downgraded shares of Evergy from a “buy” rating to a “neutral” rating and raised their price target for the company from $86.00 to $88.00 in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $87.75.

Insider Activity at Evergy

In other Evergy news, SVP Heather A. Humphrey sold 3,650 shares of Evergy stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $82.61, for a total value of $301,526.50. Following the completion of the sale, the senior vice president owned 44,007 shares of the company’s stock, valued at approximately $3,635,418.27. The trade was a 7.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Charles L. King sold 2,440 shares of the business’s stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $82.19, for a total transaction of $200,543.60. Following the sale, the senior vice president owned 18,359 shares of the company’s stock, valued at approximately $1,508,926.21. This represents a 11.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,937 shares of company stock worth $736,492 over the last quarter. Company insiders own 1.42% of the company’s stock.

Evergy Stock Performance

Evergy stock opened at $80.85 on Monday. Evergy Inc. has a one year low of $61.94 and a one year high of $85.23. The business’s fifty day moving average is $80.09 and its 200 day moving average is $76.87. The stock has a market capitalization of $18.62 billion, a PE ratio of 22.03, a price-to-earnings-growth ratio of 2.09 and a beta of 0.65. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.49 and a quick ratio of 0.27.

Evergy (NASDAQ:EVRG) last issued its earnings results on Saturday, January 31st. The company reported $0.42 earnings per share for the quarter. Evergy had a return on equity of 8.79% and a net margin of 14.35%. On average, sell-side analysts predict that Evergy Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th were issued a dividend of $0.695 per share. This represents a $2.78 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Tuesday, March 10th. Evergy’s payout ratio is presently 75.75%.

Evergy Profile

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.