Schaper Benz & Wise Investment Counsel Inc. WI Has $8.66 Million Stake in Evergy, Inc. (NYSE:EVRG)

Schaper Benz & Wise Investment Counsel Inc. WI cut its holdings in shares of Evergy, Inc. (NYSE:EVRG) by 0.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 139,589 shares of the company’s stock after selling 1,269 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI owned about 0.06% of Evergy worth $8,656,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Evergy by 0.9% during the first quarter. Vanguard Group Inc. now owns 31,046,328 shares of the company’s stock worth $1,657,253,000 after acquiring an additional 288,913 shares during the last quarter. Millennium Management LLC lifted its holdings in Evergy by 38.6% during the 2nd quarter. Millennium Management LLC now owns 3,683,000 shares of the company’s stock worth $195,089,000 after purchasing an additional 1,026,374 shares during the last quarter. Federated Hermes Inc. boosted its stake in Evergy by 18.8% in the 2nd quarter. Federated Hermes Inc. now owns 3,490,674 shares of the company’s stock valued at $184,901,000 after purchasing an additional 552,455 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Evergy by 5.3% in the 1st 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 in the last quarter. Finally, Zimmer Partners LP increased its position in Evergy by 781.4% during the 1st quarter. Zimmer Partners LP now owns 2,326,385 shares of the company’s stock worth $124,182,000 after buying an additional 2,062,434 shares during the period. Institutional investors own 87.24% of the company’s stock.

Insider Activity

In related news, SVP Heather A. Humphrey sold 3,347 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total transaction of $196,803.60. Following the completion of the transaction, the senior vice president now directly owns 35,314 shares in the company, valued at $2,076,463.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Charles A. Caisley sold 9,236 shares of Evergy stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $59.63, for a total transaction of $550,742.68. Following the sale, the senior vice president now directly owns 33,425 shares of the company’s stock, valued at approximately $1,993,132.75. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Heather A. Humphrey sold 3,347 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,884 shares of company stock worth $941,810. Corporate insiders own 0.47% of the company’s stock.

Evergy Stock Performance

NYSE EVRG opened at $61.12 on Friday. The firm’s 50 day simple moving average is $60.11 and its 200 day simple moving average is $56.17. The firm has a market capitalization of $14.05 billion, a price-to-earnings ratio of 19.78, a P/E/G ratio of 2.65 and a beta of 0.62. The company has a current ratio of 0.59, a quick ratio of 0.35 and a debt-to-equity ratio of 1.23. Evergy, Inc. has a 1 year low of $47.46 and a 1 year high of $62.58.

Evergy (NYSE:EVRG) last issued its earnings results on Friday, August 9th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. Evergy had a return on equity of 8.50% and a net margin of 13.12%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the business posted $0.81 EPS. As a group, research analysts expect that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Tuesday, August 20th were issued a $0.6425 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.20%. Evergy’s dividend payout ratio (DPR) is currently 83.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Barclays boosted their target price 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. UBS Group upgraded shares of Evergy to a “hold” rating in a research report on Wednesday, September 18th. Jefferies Financial Group started coverage on shares of Evergy in a research report on Thursday, September 19th. They issued a “buy” rating and a $70.00 price target for the company. Finally, Wells Fargo & Company increased their price target on Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Evergy currently has a consensus rating of “Moderate Buy” and an average target price of $61.00.

Evergy 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.