Evergy (NASDAQ:EVRG) SVP Charles King Sells 2,440 Shares

Evergy Inc. (NASDAQ:EVRG) SVP Charles King sold 2,440 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The shares were sold at an average price of $82.19, for a total value of $200,543.60. Following the completion of the sale, the senior vice president owned 18,359 shares of the company’s stock, valued at $1,508,926.21. The trade was a 11.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Evergy Trading Up 1.1%

NASDAQ:EVRG traded up $0.86 during midday trading on Friday, reaching $82.60. 352,079 shares of the stock traded hands, compared to its average volume of 2,221,541. The stock has a market capitalization of $19.02 billion, a P/E ratio of 22.53, a PEG ratio of 3.21 and a beta of 0.65. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.27 and a current ratio of 0.49. The company has a fifty day moving average of $78.51 and a 200 day moving average of $76.07. Evergy Inc. has a 12 month low of $61.94 and a 12 month high of $85.23.

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

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be given a dividend of $0.695 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $2.78 dividend on an annualized basis and a yield of 3.4%. Evergy’s dividend payout ratio is presently 75.75%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA lifted its holdings in shares of 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 purchasing an additional 1,588,100 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Evergy by 969.3% during the third quarter. Assenagon Asset Management S.A. now owns 1,329,424 shares of the company’s stock valued at $101,063,000 after buying an additional 1,205,101 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its holdings in Evergy by 476.6% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,207,882 shares of the company’s stock worth $87,559,000 after acquiring an additional 998,400 shares in the last quarter. ANTIPODES PARTNERS Ltd purchased a new stake in shares of Evergy in the third quarter worth $72,860,000. Finally, 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. 87.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Wall Street Zen raised Evergy from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Evergy in a report on Monday, December 29th. Wells Fargo & Company boosted their price objective on shares of Evergy from $79.00 to $83.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. UBS Group cut shares of Evergy from a “buy” rating to a “neutral” rating and raised their target price for the stock from $86.00 to $88.00 in a research report on Friday, February 13th. Finally, Mizuho set a $82.00 price target on shares of Evergy in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Evergy has an average rating of “Moderate Buy” and an average target price of $87.75.

Evergy Company 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.