Waterfront Wealth Inc. Has $320,000 Stake in Evergy, Inc. (NYSE:EVRG)

Waterfront Wealth Inc. decreased its stake in Evergy, Inc. (NYSE:EVRG) by 6.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,041 shares of the company’s stock after selling 400 shares during the period. Waterfront Wealth Inc.’s holdings in Evergy were worth $320,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. International Assets Investment Management LLC bought a new position in Evergy during the fourth quarter worth about $23,900,000. Atria Wealth Solutions Inc. lifted its position in Evergy by 133.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 10,889 shares of the company’s stock worth $568,000 after acquiring an additional 6,234 shares during the last quarter. Gilbert & Cook Inc. lifted its position in Evergy by 4.7% during the fourth quarter. Gilbert & Cook Inc. now owns 7,008 shares of the company’s stock worth $366,000 after acquiring an additional 317 shares during the last quarter. Van ECK Associates Corp lifted its position in Evergy by 52.0% during the fourth quarter. Van ECK Associates Corp now owns 79,181 shares of the company’s stock worth $4,133,000 after acquiring an additional 27,088 shares during the last quarter. Finally, Savant Capital LLC raised its position in shares of Evergy by 7.9% in the fourth quarter. Savant Capital LLC now owns 4,732 shares of the company’s stock valued at $247,000 after buying an additional 348 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

Insider Buying and Selling

In related news, SVP Heather A. Humphrey sold 3,347 shares of the company’s stock in a transaction dated 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 owns 35,314 shares in the company, valued at approximately $2,076,463.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were 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 of the company’s stock, valued at approximately $167,545.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Heather A. Humphrey sold 3,347 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total transaction of $196,803.60. Following the completion of the sale, the senior vice president now directly owns 35,314 shares of the company’s stock, valued at $2,076,463.20. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by company insiders.

Evergy Stock Performance

NYSE EVRG opened at $59.14 on Monday. The firm’s fifty day moving average price is $56.40 and its two-hundred day moving average price is $53.83. The stock has a market cap of $13.60 billion, a PE ratio of 19.14, a PEG ratio of 3.07 and a beta of 0.60. Evergy, Inc. has a fifty-two week low of $46.92 and a fifty-two week high of $61.14. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.35 and a current ratio of 0.59.

Evergy (NYSE:EVRG) last announced its quarterly earnings data on Friday, August 9th. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. Evergy had a net margin of 13.12% and a return on equity of 8.50%. The firm had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter in the prior year, the business earned $0.81 earnings per share. On average, equities analysts expect that Evergy, Inc. will post 3.85 EPS for the current fiscal year.

Evergy Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 4.35%. Evergy’s dividend payout ratio is presently 83.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Evergy from $57.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. Barclays boosted their price objective on shares of Evergy from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Evergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.33.

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.