Evergy, Inc. (NYSE:EVRG) Shares Bought by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. lifted its position in Evergy, Inc. (NYSE:EVRG) by 28.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,029 shares of the company’s stock after buying an additional 2,473 shares during the period. Meeder Advisory Services Inc.’s holdings in Evergy were worth $684,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Fairscale Capital LLC bought a new stake in Evergy during the second quarter worth approximately $27,000. Hexagon Capital Partners LLC lifted its position in shares of Evergy by 47.1% during the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after acquiring an additional 170 shares during the last quarter. Rothschild Investment LLC bought a new stake in shares of Evergy during the 2nd quarter worth $37,000. Hantz Financial Services Inc. bought a new stake in shares of Evergy during the 2nd quarter worth $41,000. Finally, Benjamin Edwards Inc. grew its holdings in shares of Evergy by 47.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 856 shares of the company’s stock worth $45,000 after acquiring an additional 277 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Trading Up 0.2 %

Shares of NYSE:EVRG opened at $63.98 on Wednesday. The firm has a fifty day moving average of $61.28 and a two-hundred day moving average of $57.70. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a 12-month low of $48.04 and a 12-month high of $64.14. The firm has a market capitalization of $14.71 billion, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 2.84 and a beta of 0.62.

Evergy (NYSE:EVRG) last issued its earnings results on Thursday, November 7th. The company reported $2.02 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.07. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the previous year, the company posted $1.88 earnings per share. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, equities analysts expect that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 21st will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.17%. The ex-dividend date is Thursday, November 21st. This is a positive change from Evergy’s previous quarterly dividend of $0.64. Evergy’s dividend payout ratio (DPR) is presently 69.46%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on EVRG. UBS Group raised Evergy to a “hold” rating in a report on Wednesday, September 18th. Wells Fargo & Company upped their price objective on shares of Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Barclays dropped their target price on shares of Evergy from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, October 21st. 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, Mizuho initiated coverage on shares of Evergy in a research note on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $61.88.

Insider Transactions at Evergy

In other news, SVP Heather A. Humphrey sold 3,347 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total value of $196,803.60. Following the completion of the sale, the senior vice president now directly owns 35,314 shares in the company, valued at approximately $2,076,463.20. The trade was a 8.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Charles A. Caisley sold 9,236 shares of Evergy stock in a transaction on Tuesday, September 3rd. The stock was 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 owns 33,425 shares in the company, valued at $1,993,132.75. This trade represents a 21.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 60,724 shares of company stock worth $3,777,059 in the last 90 days. 3.26% of the stock is owned by insiders.

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.