IHT Wealth Management LLC bought a new stake in Evergy (NYSE:EVRG) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,141 shares of the company’s stock, valued at approximately $209,000.
Several other large investors also recently added to or reduced their stakes in the stock. Barclays PLC raised its position in shares of Evergy by 21.2% in the third quarter. Barclays PLC now owns 831,984 shares of the company’s stock valued at $55,377,000 after purchasing an additional 145,807 shares during the period. Penserra Capital Management LLC raised its holdings in Evergy by 13.7% in the 3rd quarter. Penserra Capital Management LLC now owns 25,618 shares of the company’s stock valued at $1,704,000 after acquiring an additional 3,084 shares during the period. Thor Advisors LLC acquired a new stake in Evergy during the third quarter worth approximately $103,000. Parametric Portfolio Associates LLC lifted its position in Evergy by 16.7% during the third quarter. Parametric Portfolio Associates LLC now owns 669,556 shares of the company’s stock worth $44,566,000 after acquiring an additional 95,627 shares during the last quarter. Finally, Redwood Investment Management LLC lifted its position in Evergy by 36.1% during the third quarter. Redwood Investment Management LLC now owns 14,603 shares of the company’s stock worth $972,000 after acquiring an additional 3,876 shares during the last quarter. 86.21% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have recently commented on EVRG. Guggenheim upped their target price on Evergy from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. ValuEngine cut Evergy from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. UBS Group reduced their price target on Evergy from $68.00 to $67.00 and set a “neutral” rating for the company in a research note on Friday, October 18th. Wells Fargo & Co set a $69.00 price target on Evergy and gave the company a “hold” rating in a research note on Tuesday, September 3rd. Finally, Zacks Investment Research raised Evergy from a “sell” rating to a “hold” rating and set a $68.00 price objective on the stock in a report on Wednesday, August 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $65.71.
Evergy (NYSE:EVRG) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $1.57 EPS for the quarter, missing the Zacks’ consensus estimate of $1.59 by ($0.02). Evergy had a return on equity of 6.96% and a net margin of 11.97%. The company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the business posted $1.38 EPS. On average, sell-side analysts anticipate that Evergy will post 2.88 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 27th will be given a dividend of $0.505 per share. This is a positive change from Evergy’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $2.02 annualized dividend and a dividend yield of 3.23%. Evergy’s dividend payout ratio (DPR) is currently 75.66%.
In other Evergy news, CFO Anthony D. Somma sold 2,000 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $64.96, for a total transaction of $129,920.00. Following the completion of the transaction, the chief financial officer now owns 50,636 shares of the company’s stock, valued at $3,289,314.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Greg A. Greenwood sold 5,000 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $64.75, for a total transaction of $323,750.00. Following the completion of the transaction, the executive vice president now directly owns 24,426 shares of the company’s stock, valued at approximately $1,581,583.50. The disclosure for this sale can be found here. Insiders sold 12,000 shares of company stock worth $778,110 over the last three months. 0.38% of the stock is currently owned by insiders.
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.
Further Reading: Why is cost of goods sold important?
Receive News & Ratings for Evergy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Evergy and related companies with MarketBeat.com's FREE daily email newsletter.