Chicago Partners Investment Group LLC Raises Stock Holdings in Evergy, Inc. (NYSE:EVRG)

Chicago Partners Investment Group LLC raised its stake in Evergy, Inc. (NYSE:EVRG) by 5.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,728 shares of the company’s stock after acquiring an additional 397 shares during the period. Chicago Partners Investment Group LLC’s holdings in Evergy were worth $479,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Hexagon Capital Partners LLC grew its stake in shares of Evergy by 47.1% in the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock worth $33,000 after acquiring an additional 170 shares during the last quarter. GPS Wealth Strategies Group LLC lifted its holdings 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 valued at $90,000 after purchasing an additional 187 shares in the last quarter. Wealthspire Advisors LLC lifted its holdings in shares of Evergy by 1.0% during the first quarter. Wealthspire Advisors LLC now owns 19,009 shares of the company’s stock valued at $1,015,000 after purchasing an additional 192 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Evergy by 16.3% during the second quarter. Blue Trust Inc. now owns 1,483 shares of the company’s stock valued at $79,000 after purchasing an additional 208 shares in the last quarter. Finally, Keeley Teton Advisors LLC lifted its holdings in shares of Evergy by 0.6% during the first quarter. Keeley Teton Advisors LLC now owns 37,950 shares of the company’s stock valued at $2,026,000 after purchasing an additional 210 shares in the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Stock Up 0.4 %

EVRG stock opened at $59.79 on Tuesday. Evergy, Inc. has a fifty-two week low of $47.97 and a fifty-two week high of $62.58. The business’s 50-day moving average is $60.56 and its two-hundred day moving average is $56.84. 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 company has a market cap of $13.75 billion, a price-to-earnings ratio of 18.63, a P/E/G ratio of 2.69 and a beta of 0.62.

Evergy (NYSE:EVRG) last posted its quarterly earnings data on Friday, August 9th. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.89 by $0.01. Evergy had a return on equity of 8.50% and a net margin of 13.12%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the company earned $0.81 earnings per share. As a group, analysts forecast that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Tuesday, August 20th were paid a $0.6425 dividend. This represents a $2.57 annualized dividend and a dividend yield of 4.30%. The ex-dividend date was Tuesday, August 20th. Evergy’s dividend payout ratio (DPR) is currently 80.06%.

Insider Transactions at Evergy

In other news, 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 transaction, the senior vice president now owns 35,314 shares of the company’s stock, valued at $2,076,463.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Ann D. Murtlow sold 3,301 shares of the 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 completion of the sale, the director now owns 2,847 shares in the company, valued at approximately $167,545.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Heather A. Humphrey sold 3,347 shares of the 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 owns 35,314 shares of the company’s stock, valued at $2,076,463.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,884 shares of company stock valued at $941,810 over the last quarter. 0.47% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on EVRG shares. UBS Group raised Evergy to a “hold” rating in a report on Wednesday, September 18th. Mizuho started coverage on Evergy in a report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price target on the stock. Jefferies Financial Group started coverage on Evergy in a report on Thursday, September 19th. They set a “buy” rating and a $70.00 price target on the stock. Barclays lowered their price target on Evergy from $67.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. Finally, Wells Fargo & Company increased their target price on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.88.

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.