Bryn Mawr Capital Management LLC Acquires 7,107 Shares of Evergy, Inc. (NYSE:EVRG)

Bryn Mawr Capital Management LLC increased its holdings in shares of Evergy, Inc. (NYSE:EVRG) by 5.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 132,188 shares of the company’s stock after purchasing an additional 7,107 shares during the quarter. Bryn Mawr Capital Management LLC owned 0.06% of Evergy worth $7,012,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. GPS Wealth Strategies Group LLC boosted its position in shares of Evergy by 12.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 1,705 shares of the company’s stock worth $90,000 after buying an additional 187 shares during the period. Wealthspire Advisors LLC boosted its position in Evergy by 1.0% during the 1st quarter. Wealthspire Advisors LLC now owns 19,009 shares of the company’s stock worth $1,015,000 after acquiring an additional 192 shares during the last quarter. Blue Trust Inc. boosted its position in Evergy by 16.3% during the 2nd quarter. Blue Trust Inc. now owns 1,483 shares of the company’s stock worth $79,000 after acquiring an additional 208 shares during the last quarter. Keeley Teton Advisors LLC boosted its holdings in Evergy by 0.6% during the first quarter. Keeley Teton Advisors LLC now owns 37,950 shares of the company’s stock worth $2,026,000 after purchasing an additional 210 shares during the last quarter. Finally, Verity Asset Management Inc. boosted its holdings in Evergy by 5.4% during the fourth quarter. Verity Asset Management Inc. now owns 4,333 shares of the company’s stock worth $226,000 after purchasing an additional 223 shares during the last quarter. 87.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Ann D. Murtlow sold 3,301 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total value of $194,263.85. Following the completion of the transaction, the director now owns 2,847 shares of the company’s stock, valued at $167,545.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Heather A. Humphrey sold 3,347 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total value of $196,803.60. Following the completion of the transaction, the senior vice president now owns 35,314 shares of the company’s stock, valued at $2,076,463.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann D. Murtlow sold 3,301 shares of Evergy stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $58.85, for a total transaction of $194,263.85. Following the sale, the director now owns 2,847 shares in the company, valued at $167,545.95. The disclosure for this sale can be found here. 0.47% of the stock is owned by corporate insiders.

Evergy Stock Performance

NYSE EVRG traded up $0.43 during trading on Friday, reaching $59.14. The company’s stock had a trading volume of 1,420,921 shares, compared to its average volume of 2,145,733. The company has a current ratio of 0.57, a quick ratio of 0.32 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $13.60 billion, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 3.11 and a beta of 0.60. The firm has a 50 day moving average price of $56.40 and a 200 day moving average price of $53.77. Evergy, Inc. has a 12 month low of $46.92 and a 12 month high of $61.14.

Evergy (NYSE:EVRG) last released its earnings results on Friday, August 9th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. Evergy had a return on equity of 8.32% and a net margin of 12.84%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the prior year, the company posted $0.81 EPS. As a group, equities analysts anticipate that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Tuesday, August 20th will be given a dividend of $0.6425 per share. The ex-dividend date is Tuesday, August 20th. This represents a $2.57 annualized dividend and a dividend yield of 4.35%. Evergy’s dividend payout ratio is currently 83.17%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Wells Fargo & Company increased their price target on Evergy from $57.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. Barclays increased their price target on shares of Evergy from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Evergy has an average rating of “Moderate Buy” and a consensus price target of $58.33.

Evergy Profile

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities.