Cwm LLC Sells 3,984 Shares of Evergy, Inc. (NYSE:EVRG)

Cwm LLC reduced its stake in Evergy, Inc. (NYSE:EVRG) by 1.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 311,471 shares of the company’s stock after selling 3,984 shares during the quarter. Cwm LLC owned about 0.14% of Evergy worth $19,314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. GPS Wealth Strategies Group LLC lifted its position in Evergy by 12.3% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 1,705 shares of the company’s stock worth $90,000 after buying an additional 187 shares during the last quarter. Wealthspire Advisors LLC boosted its stake in shares of Evergy by 1.0% in the 1st 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. grew its holdings in shares of Evergy by 16.3% during the 2nd quarter. Blue Trust Inc. now owns 1,483 shares of the company’s stock valued at $79,000 after purchasing an additional 208 shares during the last quarter. Keeley Teton Advisors LLC increased its holdings in shares of Evergy by 0.6% in the first quarter. Keeley Teton Advisors LLC now owns 37,950 shares of the company’s stock worth $2,026,000 after buying an additional 210 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its stake in shares of Evergy by 1.5% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 15,650 shares of the company’s stock valued at $829,000 after acquiring an additional 227 shares during the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Stock Performance

Shares of EVRG stock opened at $59.06 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.35 and a debt-to-equity ratio of 1.23. The company’s fifty day moving average price is $59.95 and its 200-day moving average price is $55.82. The stock has a market cap of $13.58 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 2.76 and a beta of 0.62. Evergy, Inc. has a 12 month low of $47.46 and a 12 month high of $62.58.

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

Evergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Tuesday, August 20th were given a $0.6425 dividend. This represents a $2.57 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend was Tuesday, August 20th. Evergy’s dividend payout ratio is presently 83.17%.

Insider Buying and Selling

In related news, Director Ann D. Murtlow sold 3,301 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were 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 directly owns 2,847 shares in the company, valued at $167,545.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Evergy 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 approximately $167,545.95. The trade was 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 hyperlink. Also, SVP Charles A. Caisley sold 9,236 shares of the firm’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 sale, the senior vice president now directly owns 33,425 shares in the company, valued at approximately $1,993,132.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,884 shares of company stock worth $941,810 in the last quarter. Corporate insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Jefferies Financial Group initiated coverage on Evergy in a research report on Thursday, September 19th. They set a “buy” rating and a $70.00 price target on the stock. UBS Group upgraded shares of Evergy to a “hold” rating in a research report on Wednesday, September 18th. Finally, Barclays increased their target price on shares of Evergy from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. Three 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.