UMB Bank n.a. Reduces Stock Position in Evergy, Inc. (NYSE:EVRG)

UMB Bank n.a. decreased its holdings in Evergy, Inc. (NYSE:EVRG) by 36.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,170 shares of the company’s stock after selling 18,742 shares during the period. UMB Bank n.a.’s holdings in Evergy were worth $2,057,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Advocate Group LLC raised its stake in shares of Evergy by 4.3% during the third quarter. Advocate Group LLC now owns 119,650 shares of the company’s stock valued at $7,419,000 after acquiring an additional 4,981 shares in the last quarter. Marcum Wealth LLC purchased a new position in Evergy during the 3rd quarter worth $238,000. Hexagon Capital Partners LLC raised its position in Evergy by 47.1% during the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after purchasing an additional 170 shares in the last quarter. Atomi Financial Group Inc. lifted its holdings in shares of Evergy by 19.8% in the 3rd quarter. Atomi Financial Group Inc. now owns 6,245 shares of the company’s stock worth $387,000 after buying an additional 1,033 shares during the period. Finally, Foresight Capital Management Advisors Inc. bought a new position in shares of Evergy during the 3rd quarter worth $2,493,000. 87.24% of the stock is currently owned by institutional investors.

Evergy Trading Down 0.9 %

Evergy stock opened at $59.06 on Friday. Evergy, Inc. has a one year low of $47.46 and a one year high of $62.58. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.35 and a current ratio of 0.59. The stock has a market cap of $13.58 billion, a PE ratio of 16.59, a price-to-earnings-growth ratio of 2.65 and a beta of 0.62. The stock has a 50-day moving average of $59.95 and a two-hundred day moving average of $55.82.

Evergy (NYSE:EVRG) last posted its quarterly earnings results on Friday, August 9th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Evergy had a net margin of 13.12% and a return on equity of 8.50%. During the same quarter last year, the company posted $0.81 earnings per share. On average, research analysts anticipate that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, August 20th were given a dividend of $0.6425 per share. The ex-dividend date was Tuesday, August 20th. This represents a $2.57 dividend on an annualized basis and a yield of 4.35%. Evergy’s dividend payout ratio is currently 80.06%.

Insider Buying and Selling at Evergy

In related news, SVP Heather A. Humphrey sold 3,347 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total value of $196,803.60. Following the transaction, the senior vice president now owns 35,314 shares in the company, valued at approximately $2,076,463.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Ann D. Murtlow sold 3,301 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was 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 trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Heather A. Humphrey sold 3,347 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total value of $196,803.60. Following the sale, the senior vice president now directly owns 35,314 shares in the company, valued at approximately $2,076,463.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,884 shares of company stock worth $941,810. 0.47% of the stock is currently owned by insiders.

Analyst Ratings Changes

EVRG has been the subject of a number of research reports. Jefferies Financial Group began coverage on shares of Evergy in a research note on Thursday, September 19th. They issued a “buy” rating and a $70.00 price objective for the company. Barclays increased their price objective 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. Finally, UBS Group raised shares of Evergy to a “hold” rating in a research note on Wednesday, September 18th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $60.00.

About Evergy

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.