Evergy, Inc. (NYSE:EVRG) Shares Sold by Community Bank of Raymore

Community Bank of Raymore trimmed its position in shares of Evergy, Inc. (NYSE:EVRG) by 5.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,757 shares of the company’s stock after selling 1,794 shares during the quarter. Evergy makes up 1.4% of Community Bank of Raymore’s portfolio, making the stock its 24th biggest holding. Community Bank of Raymore’s holdings in Evergy were worth $1,845,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of EVRG. Fairscale Capital LLC purchased a new stake in Evergy in the 2nd quarter valued at approximately $27,000. Fidelis Capital Partners LLC purchased a new stake in shares of Evergy in the first quarter valued at $32,000. Hexagon Capital Partners LLC boosted its stake in shares of Evergy by 47.1% during the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after acquiring an additional 170 shares during the last quarter. Toth Financial Advisory Corp increased its position in Evergy by 199.5% during the 1st quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock worth $34,000 after purchasing an additional 423 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new position in Evergy in the 2nd quarter valued at about $37,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. UBS Group raised shares of Evergy to a “hold” rating in a research note on Wednesday, September 18th. Jefferies Financial Group began coverage on shares of Evergy in a research report on Thursday, September 19th. They set a “buy” rating and a $70.00 target price on the stock. Wells Fargo & Company boosted their price target on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Barclays raised their price objective on Evergy from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $61.00.

Evergy Stock Up 1.3 %

Shares of EVRG opened at $61.15 on Thursday. Evergy, Inc. has a fifty-two week low of $47.46 and a fifty-two week high of $62.58. The company’s fifty day moving average is $60.03 and its two-hundred day moving average is $56.05. The firm has a market cap of $14.06 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 2.65 and a beta of 0.62. The company has a quick ratio of 0.35, a current ratio of 0.59 and a debt-to-equity ratio of 1.23.

Evergy (NYSE:EVRG) last issued 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. The firm had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Evergy had a return on equity of 8.50% and a net margin of 13.12%. During the same quarter last year, the firm earned $0.81 earnings per share. Analysts forecast that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Tuesday, August 20th were issued a dividend of $0.6425 per share. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend was Tuesday, August 20th. Evergy’s payout ratio is currently 83.17%.

Insider Buying and Selling

In other Evergy news, SVP Charles A. Caisley sold 9,236 shares of Evergy stock in a transaction that occurred on 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 trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, SVP Heather A. Humphrey sold 3,347 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total transaction of $196,803.60. Following the transaction, the senior vice president now directly owns 35,314 shares of the company’s stock, valued at approximately $2,076,463.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Charles A. Caisley sold 9,236 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $59.63, for a total value of $550,742.68. Following the completion of the transaction, the senior vice president now owns 33,425 shares of the company’s stock, valued at approximately $1,993,132.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,884 shares of company stock valued at $941,810. 0.47% of the stock is currently owned by corporate insiders.

Evergy 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.