Kavar Capital Partners Group LLC Acquires Shares of 3,603 Evergy, Inc. (NYSE:EVRG)

Kavar Capital Partners Group LLC acquired a new stake in Evergy, Inc. (NYSE:EVRG) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 3,603 shares of the company’s stock, valued at approximately $223,000.

Several other large investors have also recently added to or reduced their stakes in EVRG. Kingswood Wealth Advisors LLC grew its position in Evergy by 7.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 4,573 shares of the company’s stock worth $244,000 after acquiring an additional 300 shares in the last quarter. Brookstone Capital Management grew its position in Evergy by 18.3% in the first quarter. Brookstone Capital Management now owns 23,945 shares of the company’s stock worth $1,278,000 after acquiring an additional 3,699 shares in the last quarter. Wealthcare Advisory Partners LLC bought a new stake in Evergy in the first quarter worth approximately $314,000. Wealth Enhancement Advisory Services LLC grew its position in Evergy by 11.2% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,394 shares of the company’s stock worth $875,000 after acquiring an additional 1,649 shares in the last quarter. Finally, Toth Financial Advisory Corp grew its position in Evergy by 199.5% in the first quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock worth $34,000 after acquiring an additional 423 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analyst Upgrades and Downgrades

EVRG has been the subject of several recent research reports. Jefferies Financial Group initiated coverage on shares of Evergy in a research report on Thursday, September 19th. They issued a “buy” rating and a $70.00 target price for the company. Wells Fargo & Company upped their price objective on shares of Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. UBS Group raised shares of Evergy to a “hold” rating in a report on Wednesday, September 18th. Finally, Barclays decreased their price objective on shares of Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $61.14.

Insiders Place Their Bets

In other news, SVP Heather A. Humphrey sold 3,347 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total transaction of $196,803.60. Following the completion of the transaction, the senior vice president now directly owns 35,314 shares of the company’s stock, valued at approximately $2,076,463.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Heather A. Humphrey sold 3,347 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total transaction of $196,803.60. Following the completion of the transaction, the senior vice president now directly owns 35,314 shares of the company’s stock, valued at approximately $2,076,463.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ann D. Murtlow sold 3,301 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $58.85, for a total transaction of $194,263.85. Following the transaction, the director now directly owns 2,847 shares of the company’s stock, valued at $167,545.95. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 15,884 shares of company stock worth $941,810 in the last ninety days. Insiders own 0.47% of the company’s stock.

Evergy Stock Performance

NYSE EVRG opened at $60.77 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.59 and a quick ratio of 0.35. The firm has a market capitalization of $13.97 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 2.74 and a beta of 0.62. The company’s fifty day moving average is $60.38 and its two-hundred day moving average is $56.47. Evergy, Inc. has a 52-week low of $47.97 and a 52-week high of $62.58.

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 the consensus estimate of $0.89 by $0.01. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.32 billion. Evergy had a net margin of 13.12% and a return on equity of 8.50%. During the same period last year, the business posted $0.81 EPS. Equities research analysts forecast that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, August 20th were given a $0.6425 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $2.57 annualized dividend and a yield of 4.23%. Evergy’s dividend payout ratio is 80.06%.

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.