World Investment Advisors LLC Increases Stock Holdings in Evergy, Inc. (NASDAQ:EVRG)

World Investment Advisors LLC boosted its stake in shares of Evergy, Inc. (NASDAQ:EVRGFree Report) by 3.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,715 shares of the company’s stock after buying an additional 212 shares during the period. World Investment Advisors LLC’s holdings in Evergy were worth $354,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Sanctuary Advisors LLC raised its position in Evergy by 45.4% in the 3rd quarter. Sanctuary Advisors LLC now owns 23,942 shares of the company’s stock worth $1,539,000 after purchasing an additional 7,472 shares during the period. Virtu Financial LLC bought a new position in shares of Evergy during the third quarter valued at approximately $692,000. M&T Bank Corp raised its holdings in shares of Evergy by 0.8% in the third quarter. M&T Bank Corp now owns 170,300 shares of the company’s stock worth $10,560,000 after buying an additional 1,272 shares during the period. Soltis Investment Advisors LLC lifted its stake in shares of Evergy by 7.5% during the 3rd quarter. Soltis Investment Advisors LLC now owns 54,859 shares of the company’s stock worth $3,402,000 after acquiring an additional 3,836 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in Evergy by 2.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company’s stock valued at $482,000 after acquiring an additional 168 shares during the period. 87.24% of the stock is currently owned by institutional investors.

Evergy Price Performance

Shares of EVRG opened at $60.50 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The company has a 50 day moving average price of $62.16 and a 200-day moving average price of $58.95. Evergy, Inc. has a fifty-two week low of $48.04 and a fifty-two week high of $65.47. The stock has a market capitalization of $13.91 billion, a PE ratio of 16.35, a PEG ratio of 2.77 and a beta of 0.64.

Evergy (NASDAQ:EVRGGet Free Report) last posted its earnings results on Thursday, November 7th. The company reported $2.02 earnings per share for the quarter, topping 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 company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the business earned $1.88 earnings per share. Evergy’s revenue was up 8.5% on a year-over-year basis. Equities analysts predict that Evergy, Inc. will post 3.85 earnings per share for the current fiscal year.

Evergy Increases Dividend

The business 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. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.67 dividend on an annualized basis and a yield of 4.41%. This is an increase from Evergy’s previous quarterly dividend of $0.64. Evergy’s dividend payout ratio (DPR) is presently 72.16%.

Insiders Place Their Bets

In other news, EVP Kevin E. Bryant sold 48,141 shares of Evergy stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total value of $3,029,513.13. Following the transaction, the executive vice president now owns 1 shares of the company’s stock, valued at $62.93. The trade was a 100.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.26% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EVRG shares. Jefferies Financial Group started coverage on Evergy in a research report on Thursday, September 19th. They issued a “buy” rating and a $70.00 price objective on the stock. Mizuho started coverage on shares of Evergy in a report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price target on the stock. UBS Group upgraded shares of Evergy to a “hold” rating in a report on Wednesday, September 18th. 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 note on Monday, October 21st. Finally, Wells Fargo & Company lifted their price target 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. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $61.88.

View Our Latest Stock Analysis on EVRG

Evergy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Evergy (NASDAQ:EVRG)

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