KCM Investment Advisors LLC Trims Stock Position in Evergy, Inc. (NYSE:EVRG)

KCM Investment Advisors LLC decreased its position in shares of Evergy, Inc. (NYSE:EVRG) by 6.3% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,736 shares of the company’s stock after selling 386 shares during the quarter. KCM Investment Advisors LLC’s holdings in Evergy were worth $356,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fairscale Capital LLC acquired a new position in Evergy in the second quarter valued at $27,000. Hexagon Capital Partners LLC increased its position in Evergy by 47.1% in the 3rd 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 period. Rothschild Investment LLC acquired a new position in Evergy in the 2nd quarter valued at about $37,000. Hantz Financial Services Inc. purchased a new stake in Evergy during the 2nd quarter valued at approximately $41,000. Finally, Benjamin Edwards Inc. lifted its position in Evergy by 47.8% during the 2nd quarter. Benjamin Edwards Inc. now owns 856 shares of the company’s stock worth $45,000 after acquiring an additional 277 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

Insider Activity at Evergy

In other news, EVP Kevin E. Bryant sold 48,141 shares of the company’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $62.93, for a total value of $3,029,513.13. Following the sale, the executive vice president now directly owns 1 shares in the company, valued at $62.93. This represents a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Heather A. Humphrey sold 3,347 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total value of $196,803.60. Following the sale, the senior vice president now directly owns 35,314 shares in the company, valued at approximately $2,076,463.20. The trade was a 8.66 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,724 shares of company stock valued at $3,777,059. Insiders own 0.47% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Wells Fargo & Company boosted their target price on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Barclays cut their price objective on shares of Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Jefferies Financial Group started coverage on shares of 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 shares of Evergy to a “hold” rating in a report on Wednesday, September 18th. Finally, Mizuho started coverage on Evergy in a report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price objective on the stock. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $61.88.

Evergy Stock Up 1.5 %

EVRG stock opened at $63.76 on Friday. Evergy, Inc. has a 52 week low of $48.04 and a 52 week high of $64.07. 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 company has a market cap of $14.66 billion, a P/E ratio of 17.23, a P/E/G ratio of 2.82 and a beta of 0.62. The company’s 50-day moving average price is $61.14 and its 200 day moving average price is $57.52.

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

Evergy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 21st will be given a $0.6675 dividend. The ex-dividend date is Thursday, November 21st. This is a positive change from Evergy’s previous quarterly dividend of $0.64. This represents a $2.67 annualized dividend and a dividend yield of 4.19%. Evergy’s payout ratio is currently 69.46%.

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.