Qsemble Capital Management LP Has $2.15 Million Stake in Evergy, Inc. (NYSE:EVRG)

Qsemble Capital Management LP lifted its position in shares of Evergy, Inc. (NYSE:EVRG) by 34.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,702 shares of the company’s stock after buying an additional 8,811 shares during the period. Qsemble Capital Management LP’s holdings in Evergy were worth $2,152,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of EVRG. Fairscale Capital LLC acquired a new position in Evergy during the 2nd quarter worth approximately $27,000. Truvestments Capital LLC bought a new stake in shares of Evergy in the third quarter worth $32,000. Hexagon Capital Partners LLC boosted its holdings in Evergy by 47.1% during the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock worth $33,000 after purchasing an additional 170 shares during the last quarter. Rothschild Investment LLC acquired a new position in Evergy during the second quarter worth $37,000. Finally, Hantz Financial Services Inc. bought a new position in Evergy in the second quarter valued at $41,000. 87.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Evergy Stock Performance

NYSE:EVRG opened at $64.49 on Tuesday. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The stock has a 50 day simple moving average of $61.56 and a 200 day simple moving average of $57.97. Evergy, Inc. has a 1-year low of $48.04 and a 1-year high of $64.95. The stock has a market cap of $14.83 billion, a P/E ratio of 17.43, a PEG ratio of 2.86 and a beta of 0.62.

Evergy (NYSE:EVRG) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.95 by $0.07. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the prior year, the company posted $1.88 earnings per share. Evergy’s revenue was up 8.5% compared to the same quarter last year. Research analysts anticipate that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 21st will be paid a $0.6675 dividend. This is a boost from Evergy’s previous quarterly dividend of $0.64. This represents a $2.67 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend is Thursday, November 21st. Evergy’s payout ratio is 72.16%.

Insider Buying and Selling

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the completion of the transaction, the executive vice president now directly owns 1 shares in the company, valued at $62.93. The trade was a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Charles A. Caisley sold 9,236 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total value of $550,742.68. Following the completion of the sale, the senior vice president now directly owns 33,425 shares in the company, valued at approximately $1,993,132.75. This represents a 21.65 % decrease in their position. The disclosure for this sale can be found here. 3.26% of the stock is currently owned by company insiders.

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.