Evergy, Inc. (NYSE:EVRG) Stock Holdings Trimmed by First PREMIER Bank

First PREMIER Bank reduced its position in Evergy, Inc. (NYSE:EVRG) by 2.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,007 shares of the company’s stock after selling 901 shares during the quarter. First PREMIER Bank’s holdings in Evergy were worth $1,907,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fidelis Capital Partners LLC acquired a new position in Evergy in the first quarter valued at approximately $32,000. Toth Financial Advisory Corp boosted its stake in Evergy by 199.5% in the first quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock valued at $34,000 after acquiring an additional 423 shares during the period. Hexagon Capital Partners LLC boosted its stake in Evergy by 222.2% in the fourth 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. Parkside Financial Bank & Trust boosted its stake in Evergy by 105.5% in the fourth quarter. Parkside Financial Bank & Trust now owns 785 shares of the company’s stock valued at $41,000 after acquiring an additional 403 shares during the period. Finally, Northwest Financial Advisors acquired a new position in Evergy in the fourth quarter valued at approximately $42,000. 87.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on EVRG shares. Barclays lifted their target price on Evergy from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Tuesday. Wells Fargo & Company lifted their target price on Evergy from $57.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, May 10th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Evergy presently has an average rating of “Moderate Buy” and a consensus price target of $58.33.

Insiders Place Their Bets

In other Evergy news, 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 value of $194,263.85. Following the completion of the sale, the director now directly owns 2,847 shares in the company, valued at $167,545.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.47% of the stock is currently owned by insiders.

Evergy Stock Performance

Shares of NYSE EVRG traded down $0.53 during midday trading on Thursday, hitting $58.60. 1,668,373 shares of the company’s stock were exchanged, compared to its average volume of 2,162,374. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.57 and a quick ratio of 0.32. The stock’s 50 day moving average price is $55.13 and its 200-day moving average price is $53.11. The firm has a market cap of $13.47 billion, a P/E ratio of 18.96, a PEG 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 issued its quarterly earnings data 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 business had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. Evergy had a return on equity of 8.32% and a net margin of 12.84%. During the same period in the previous year, the firm posted $0.81 earnings per share. Equities research analysts anticipate that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Tuesday, August 20th will be given a $0.6425 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $2.57 dividend on an annualized basis and a yield of 4.39%. Evergy’s dividend payout ratio (DPR) is 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.