Evergy, Inc. (NYSE:EVRG) Director Sells $194,263.85 in Stock

Evergy, Inc. (NYSE:EVRG) Director Ann D. Murtlow sold 3,301 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $58.85, for a total transaction of $194,263.85. Following the transaction, the director now owns 2,847 shares of the company’s stock, valued at $167,545.95. The transaction was disclosed in a filing with the SEC, which is available through this link.

Evergy Trading Up 0.5 %

Shares of EVRG stock traded up $0.31 on Wednesday, hitting $59.13. The company had a trading volume of 1,030,025 shares, compared to its average volume of 2,165,279. The stock’s 50-day moving average is $54.92 and its two-hundred day moving average is $53.03. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.32 and a current ratio of 0.57. The firm has a market cap of $13.60 billion, a P/E ratio of 19.14, a P/E/G ratio of 3.11 and a beta of 0.60. Evergy, Inc. has a twelve month low of $46.92 and a twelve month high of $61.14.

Evergy (NYSE:EVRG) last released its quarterly 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. The firm had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.32 billion. Evergy had a net margin of 12.84% and a return on equity of 8.32%. During the same quarter last year, the business earned $0.81 EPS. On average, equities research analysts anticipate that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Tuesday, August 20th will be issued a $0.6425 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $2.57 annualized dividend and a yield of 4.35%. Evergy’s payout ratio is 83.17%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EVRG. Barclays boosted their price objective on Evergy from $61.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday. Wells Fargo & Company upped their price objective on Evergy from $57.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating and four have given 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 price target of $58.33.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Fairscale Capital LLC acquired a new stake in Evergy during the second quarter worth approximately $27,000. Fidelis Capital Partners LLC acquired a new stake in shares of Evergy during the 1st quarter worth approximately $32,000. Toth Financial Advisory Corp increased its stake in shares of Evergy by 199.5% in the 1st quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock valued at $34,000 after acquiring an additional 423 shares in the last quarter. Hexagon Capital Partners LLC lifted its position in shares of Evergy by 222.2% during the 4th quarter. Hexagon Capital Partners LLC now owns 667 shares of the company’s stock valued at $35,000 after acquiring an additional 460 shares during the period. Finally, Rothschild Investment LLC bought a new position in Evergy during the second quarter worth $37,000. 87.24% of the stock is owned by institutional investors.

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.