Evergy, Inc. (NASDAQ:EVRG) Shares Acquired by Community Bank of Raymore

Community Bank of Raymore grew its stake in Evergy, Inc. (NASDAQ:EVRG) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,914 shares of the company’s stock after purchasing an additional 1,157 shares during the quarter. Evergy makes up 1.5% of Community Bank of Raymore’s holdings, making the stock its 21st biggest position. Community Bank of Raymore’s holdings in Evergy were worth $1,903,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. HighTower Advisors LLC grew its position in shares of Evergy by 391.1% in the third quarter. HighTower Advisors LLC now owns 97,186 shares of the company’s stock valued at $6,030,000 after purchasing an additional 77,398 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Evergy by 13.2% in the second quarter. Envestnet Asset Management Inc. now owns 307,797 shares of the company’s stock valued at $16,304,000 after purchasing an additional 35,940 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Evergy by 60.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 44,024 shares of the company’s stock valued at $2,332,000 after purchasing an additional 16,619 shares during the period. BNP Paribas Financial Markets grew its position in shares of Evergy by 34.0% in the third quarter. BNP Paribas Financial Markets now owns 945,148 shares of the company’s stock valued at $58,609,000 after purchasing an additional 239,599 shares during the period. Finally, Bank of Montreal Can grew its position in shares of Evergy by 29.1% in the third quarter. Bank of Montreal Can now owns 997,832 shares of the company’s stock valued at $61,806,000 after purchasing an additional 224,679 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Price Performance

Shares of EVRG stock opened at $63.16 on Monday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. The firm’s 50-day moving average is $62.46 and its two-hundred day moving average is $60.27. Evergy, Inc. has a 12 month low of $48.04 and a 12 month high of $65.47. The company has a market capitalization of $14.53 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 2.62 and a beta of 0.64.

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

Evergy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, November 21st were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.23%. This is an increase from Evergy’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Thursday, November 21st. Evergy’s payout ratio is 72.16%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on EVRG shares. Mizuho began coverage on shares of Evergy in a research report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 target price on the stock. LADENBURG THALM/SH SH upgraded shares of Evergy from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $59.00 to $68.50 in a research report on Thursday, January 2nd. Barclays lowered their price target 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. Finally, Wells Fargo & Company boosted their price target on shares of Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $64.06.

Insider Activity

In other news, EVP Kevin E. Bryant sold 48,141 shares of the business’s 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 sale, the executive vice president now directly owns 1 shares of the company’s stock, valued at approximately $62.93. The trade was a 100.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.26% of the company’s stock.

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.