Evergy (NYSE:EVRG) SVP Heather A. Humphrey sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $62.82, for a total transaction of $62,820.00. Following the completion of the sale, the senior vice president now directly owns 35,337 shares in the company, valued at $2,219,870.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of EVRG stock traded up $0.70 during trading on Wednesday, reaching $63.26. The company’s stock had a trading volume of 1,104,364 shares, compared to its average volume of 1,737,605. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.73 and a quick ratio of 0.51. The company has a market capitalization of $14.42 billion, a price-to-earnings ratio of 23.69, a P/E/G ratio of 3.41 and a beta of 0.12. The stock’s 50-day moving average price is $63.65 and its 200 day moving average price is $62.64. Evergy has a 1-year low of $54.57 and a 1-year high of $67.81.
Evergy (NYSE:EVRG) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.57 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.02). The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.62 billion. Evergy had a net margin of 11.97% and a return on equity of 6.96%. During the same quarter last year, the firm posted $1.38 EPS. On average, sell-side analysts anticipate that Evergy will post 2.88 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in EVRG. Crawford Investment Counsel Inc. grew its holdings in Evergy by 1.2% during the 2nd quarter. Crawford Investment Counsel Inc. now owns 745,260 shares of the company’s stock worth $44,827,000 after acquiring an additional 8,634 shares in the last quarter. Mackay Shields LLC grew its holdings in Evergy by 19.4% during the 3rd quarter. Mackay Shields LLC now owns 49,472 shares of the company’s stock worth $3,293,000 after acquiring an additional 8,042 shares in the last quarter. Virtu Financial LLC grew its holdings in Evergy by 112.3% during the 3rd quarter. Virtu Financial LLC now owns 10,745 shares of the company’s stock worth $715,000 after acquiring an additional 5,683 shares in the last quarter. Barings LLC acquired a new position in Evergy during the 2nd quarter worth approximately $503,000. Finally, Wells Fargo & Company MN grew its holdings in Evergy by 1.2% during the 2nd quarter. Wells Fargo & Company MN now owns 825,125 shares of the company’s stock worth $49,631,000 after acquiring an additional 9,892 shares in the last quarter. Hedge funds and other institutional investors own 86.21% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. UBS Group reduced their price target on shares of Evergy from $68.00 to $67.00 and set a “neutral” rating on the stock in a research note on Friday, October 18th. Guggenheim lifted their price objective on shares of Evergy from $65.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. Wells Fargo & Co set a $69.00 price objective on shares of Evergy and gave the company a “hold” rating in a report on Tuesday, September 3rd. Zacks Investment Research upgraded shares of Evergy from a “sell” rating to a “hold” rating and set a $68.00 price objective for the company in a report on Wednesday, August 14th. Finally, SunTrust Banks lifted their price objective on shares of Evergy from $66.00 to $67.00 and gave the company a “buy” rating in a report on Friday, August 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $65.71.
Evergy Company Profile
Westar Energy, Inc engages in the generation, transmission and distribution of electricity in Kansas. It provides electricity to residential, commercial, and industrial customers in the cities of Topeka, Lawrence, Manhattan, Salina, and Hutchinson. The company was founded in 1924 and is headquartered in Topeka, KS.
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