Wetherby Asset Management Inc. Acquires New Shares in Evergy (NYSE:EVRG)

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Wetherby Asset Management Inc. acquired a new stake in shares of Evergy (NYSE:EVRG) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,166 shares of the company’s stock, valued at approximately $211,000.

A number of other large investors also recently added to or reduced their stakes in EVRG. Rockland Trust Co. boosted its position in Evergy by 3.8% during the 2nd quarter. Rockland Trust Co. now owns 170,795 shares of the company’s stock worth $10,273,000 after acquiring an additional 6,209 shares during the period. Crossmark Global Holdings Inc. boosted its position in Evergy by 3.9% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 16,914 shares of the company’s stock worth $1,017,000 after acquiring an additional 640 shares during the period. CENTRAL TRUST Co boosted its position in Evergy by 11.8% during the 2nd quarter. CENTRAL TRUST Co now owns 7,096 shares of the company’s stock worth $437,000 after acquiring an additional 750 shares during the period. 6 Meridian boosted its position in Evergy by 2.2% during the 2nd quarter. 6 Meridian now owns 8,623 shares of the company’s stock worth $519,000 after acquiring an additional 189 shares during the period. Finally, AdvisorNet Financial Inc acquired a new position in Evergy during the 2nd quarter worth $148,000. Institutional investors and hedge funds own 84.65% of the company’s stock.

Shares of Evergy stock traded up $0.24 during trading on Friday, hitting $63.06. The stock had a trading volume of 1,695,271 shares, compared to its average volume of 1,730,431. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.44 and a quick ratio of 0.30. The firm has a market cap of $14.72 billion, a P/E ratio of 23.62, a PEG ratio of 3.30 and a beta of 0.13. The business has a fifty day moving average of $64.51 and a two-hundred day moving average of $61.87. Evergy has a fifty-two week low of $54.57 and a fifty-two week high of $67.81.

Evergy (NYSE:EVRG) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.57 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.59 by ($0.02). The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.62 billion. Evergy had a net margin of 11.74% and a return on equity of 6.44%. During the same quarter last year, the company earned $1.38 EPS. As a group, research analysts forecast that Evergy will post 2.88 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 27th will be issued a $0.505 dividend. This is a positive change from Evergy’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, November 26th. This represents a $2.02 annualized dividend and a dividend yield of 3.20%. Evergy’s dividend payout ratio is 71.16%.

A number of research analysts have issued reports on EVRG shares. ValuEngine lowered Evergy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. UBS Group reduced their price target on Evergy from $68.00 to $67.00 and set a “neutral” rating for the company in a research report on Friday, October 18th. Guggenheim boosted their price target on Evergy from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, August 27th. SunTrust Banks boosted their price target on Evergy from $66.00 to $67.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, Bank of America lowered Evergy from a “buy” rating to a “neutral” rating and set a $67.00 price target for the company. in a research report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $66.29.

In other news, SVP Heather A. Humphrey sold 1,000 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $66.20, for a total value of $66,200.00. Also, COO Kevin E. Bryant sold 4,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $65.18, for a total value of $260,720.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,000 shares of company stock valued at $706,300. Insiders own 0.38% of the company’s stock.

About Evergy

Westar Energy, Inc engages in the generation, transmission and distribution of electricity in Kansas. It provides electricity to residential, commercial, and industrial customers in the cities of Topeka, Lawrence, Manhattan, Salina, and Hutchinson. The company was founded in 1924 and is headquartered in Topeka, KS.

Featured Story: Why do analysts give a neutral rating?

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Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

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