Evergy, Inc. (NYSE:EVRG) SVP Charles A. Caisley Sells 9,236 Shares

Evergy, Inc. (NYSE:EVRG) SVP Charles A. Caisley sold 9,236 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total transaction of $550,742.68. Following the transaction, the senior vice president now directly owns 33,425 shares of the company’s stock, valued at $1,993,132.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Evergy Trading Up 0.9 %

Shares of NYSE:EVRG opened at $60.21 on Thursday. The company has a 50 day moving average of $56.80 and a 200-day moving average of $54.01. The firm has a market cap of $13.84 billion, a P/E ratio of 19.49, a P/E/G ratio of 3.07 and a beta of 0.62. Evergy, Inc. has a twelve month low of $46.92 and a twelve month high of $61.14. The company has a current ratio of 0.59, a quick ratio of 0.35 and a debt-to-equity ratio of 1.23.

Evergy (NYSE:EVRG) last issued its quarterly earnings results on Friday, August 9th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The company had revenue of $1.45 billion during 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 in the prior year, the business posted $0.81 EPS. As a group, analysts anticipate that Evergy, Inc. will post 3.85 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, August 20th will be paid a $0.6425 dividend. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.27%. The ex-dividend date of this dividend is Tuesday, August 20th. Evergy’s dividend payout ratio is currently 83.17%.

Institutional Trading of Evergy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fairscale Capital LLC acquired a new stake in Evergy during the second quarter valued at approximately $27,000. Fidelis Capital Partners LLC acquired a new stake in Evergy during the first quarter valued at approximately $32,000. Toth Financial Advisory Corp lifted its stake in Evergy by 199.5% during the first quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock valued at $34,000 after purchasing an additional 423 shares during the last quarter. Rothschild Investment LLC acquired a new stake in Evergy during the second quarter valued at approximately $37,000. Finally, Hantz Financial Services Inc. acquired a new stake in Evergy during the second quarter valued at approximately $41,000. 87.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EVRG has been the subject of a number of analyst reports. Wells Fargo & Company boosted their target price on shares of Evergy from $57.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. Barclays boosted their target price 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 equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Evergy currently has an average rating of “Moderate Buy” and an average price target of $58.33.

Evergy Company 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.