Gentry Private Wealth LLC Purchases Shares of 5,093 Evergy, Inc. (NYSE:EVRG)

Gentry Private Wealth LLC purchased a new stake in shares of Evergy, Inc. (NYSE:EVRG) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,093 shares of the company’s stock, valued at approximately $270,000.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Evergy by 0.9% during the first quarter. Vanguard Group Inc. now owns 31,046,328 shares of the company’s stock valued at $1,657,253,000 after purchasing an additional 288,913 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in Evergy by 1,038.7% during the fourth quarter. Point72 Asset Management L.P. now owns 3,612,200 shares of the company’s stock valued at $188,557,000 after purchasing an additional 3,294,967 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Evergy by 5.3% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,686,541 shares of the company’s stock valued at $141,787,000 after buying an additional 134,236 shares during the last quarter. Zimmer Partners LP raised its position in shares of Evergy by 781.4% during the first quarter. Zimmer Partners LP now owns 2,326,385 shares of the company’s stock valued at $124,182,000 after buying an additional 2,062,434 shares during the last quarter. Finally, Manning & Napier Advisors LLC bought a new stake in shares of Evergy during the second quarter valued at approximately $112,464,000. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on EVRG shares. Barclays lifted 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. Wells Fargo & Company lifted their price objective 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. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $58.33.

Insider Buying and Selling

In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of Evergy stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total transaction of $194,263.85. Following the completion of the transaction, the director now directly owns 2,847 shares of the company’s stock, valued at $167,545.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Evergy news, SVP Charles A. Caisley sold 9,236 shares of Evergy stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total transaction of $550,742.68. Following the completion of the transaction, the senior vice president now directly owns 33,425 shares of the company’s stock, valued at $1,993,132.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ann D. Murtlow sold 3,301 shares of Evergy stock in a transaction 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 directly owns 2,847 shares of the company’s stock, valued at $167,545.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,884 shares of company stock worth $941,810. Insiders own 0.47% of the company’s stock.

Evergy Trading Down 1.1 %

Shares of EVRG opened at $59.76 on Friday. The company’s fifty day moving average is $57.08 and its 200 day moving average is $54.12. Evergy, Inc. has a fifty-two week low of $46.92 and a fifty-two week high of $61.14. The stock has a market capitalization of $13.74 billion, a PE ratio of 19.34, a P/E/G ratio of 3.07 and a beta of 0.62. 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 results on Friday, August 9th. The company reported $0.90 earnings per share for the quarter, topping 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 company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter in the previous year, the business posted $0.81 earnings per share. Sell-side analysts expect that Evergy, Inc. will post 3.85 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Tuesday, August 20th will be given a $0.6425 dividend. This represents a $2.57 annualized dividend and a yield of 4.30%. The ex-dividend date is Tuesday, August 20th. Evergy’s dividend payout ratio is presently 83.17%.

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.