Probity Advisors Inc. Acquires 241 Shares of Evergy, Inc. (NYSE:EVRG)

Probity Advisors Inc. increased its holdings in shares of Evergy, Inc. (NYSE:EVRG) by 5.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,292 shares of the company’s stock after purchasing an additional 241 shares during the quarter. Probity Advisors Inc.’s holdings in Evergy were worth $266,000 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 recently modified their holdings of EVRG. LaFleur & Godfrey LLC lifted its holdings in Evergy by 20.3% in the third quarter. LaFleur & Godfrey LLC now owns 14,792 shares of the company’s stock valued at $917,000 after acquiring an additional 2,500 shares during the period. Creative Planning lifted its holdings in Evergy by 0.7% in the third quarter. Creative Planning now owns 123,594 shares of the company’s stock valued at $7,664,000 after acquiring an additional 812 shares during the period. Exchange Traded Concepts LLC lifted its holdings in Evergy by 126.8% in the third quarter. Exchange Traded Concepts LLC now owns 29,409 shares of the company’s stock valued at $1,824,000 after acquiring an additional 16,443 shares during the period. Stolper Co bought a new position in Evergy in the third quarter valued at about $2,109,000. Finally, Advocate Group LLC lifted its holdings in Evergy by 4.3% in the third quarter. Advocate Group LLC now owns 119,650 shares of the company’s stock valued at $7,419,000 after acquiring an additional 4,981 shares during the period. 87.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Jefferies Financial Group assumed coverage on Evergy in a report on Thursday, September 19th. They issued a “buy” rating and a $70.00 target price on the stock. UBS Group raised Evergy to a “hold” rating in a report on Wednesday, September 18th. Barclays upped their price target on Evergy from $61.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 13th. Finally, Wells Fargo & Company upped their price target on Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $61.00.

Insider Buying and Selling

In other Evergy news, SVP Charles A. Caisley sold 9,236 shares of the firm’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 transaction of $550,742.68. Following the completion of the transaction, the senior vice president now owns 33,425 shares in the company, valued at $1,993,132.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Evergy news, SVP Charles A. Caisley sold 9,236 shares of the firm’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 transaction of $550,742.68. Following the completion of the transaction, the senior vice president now owns 33,425 shares in the company, valued at $1,993,132.75. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Ann D. Murtlow sold 3,301 shares of the firm’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 transaction, the director now owns 2,847 shares of the company’s stock, valued at $167,545.95. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,884 shares of company stock worth $941,810. 0.47% of the stock is owned by corporate insiders.

Evergy Stock Performance

Shares of EVRG opened at $60.78 on Friday. 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, Inc. has a 52 week low of $47.46 and a 52 week high of $62.58. The business has a 50-day simple moving average of $60.06 and a two-hundred day simple moving average of $56.09. The stock has a market cap of $13.98 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 2.65 and a beta of 0.62.

Evergy (NYSE:EVRG) last released its earnings results on Friday, August 9th. The company reported $0.90 earnings per share (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 during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the business posted $0.81 earnings per share. On average, analysts expect that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Tuesday, August 20th were given a dividend of $0.6425 per share. This represents a $2.57 annualized dividend and a dividend yield of 4.23%. The ex-dividend date of this dividend was Tuesday, August 20th. Evergy’s dividend payout ratio is currently 83.17%.

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.