GW Henssler & Associates Ltd. Sells 3,362 Shares of Evergy, Inc. (NASDAQ:EVRG)

GW Henssler & Associates Ltd. decreased its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 362,319 shares of the company’s stock after selling 3,362 shares during the period. Evergy comprises 1.4% of GW Henssler & Associates Ltd.’s holdings, making the stock its 28th largest holding. GW Henssler & Associates Ltd. owned approximately 0.16% of Evergy worth $22,467,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in shares of Evergy in the 3rd quarter valued at approximately $32,000. Hexagon Capital Partners LLC lifted its stake in Evergy by 47.1% in the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after purchasing an additional 170 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in Evergy in the third quarter valued at approximately $51,000. USA Financial Formulas bought a new stake in shares of Evergy during the fourth quarter worth $73,000. Finally, Venturi Wealth Management LLC increased its holdings in shares of Evergy by 230.0% during the third quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company’s stock worth $86,000 after buying an additional 966 shares in the last quarter. 87.24% of the stock is owned by institutional investors.

Insider Activity at Evergy

In related news, EVP Kevin E. Bryant sold 48,141 shares of the business’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the transaction, the executive vice president now owns 1 shares in the company, valued at $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 the SEC website. 3.26% of the stock is owned by corporate insiders.

Evergy Stock Performance

NASDAQ:EVRG opened at $64.17 on Monday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. Evergy, Inc. has a fifty-two week low of $48.04 and a fifty-two week high of $65.47. The company has a 50 day simple moving average of $62.40 and a two-hundred day simple moving average of $60.95. The company has a market capitalization of $14.76 billion, a PE ratio of 17.34, a P/E/G ratio of 2.69 and a beta of 0.66.

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

Evergy Increases Dividend

The firm also recently disclosed 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 4.16%. This is an increase from Evergy’s previous quarterly dividend of $0.64. The ex-dividend date was Thursday, November 21st. Evergy’s payout ratio is currently 72.16%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on EVRG shares. Wells Fargo & Company raised their price objective on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Mizuho started coverage on Evergy in a research note on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price target on the stock. Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. Barclays cut their target price on shares of Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a research report on Monday, January 27th. Finally, LADENBURG THALM/SH SH upgraded shares of Evergy from a “neutral” rating to a “buy” rating and upped their price target for the company from $59.00 to $68.50 in a research report on Thursday, January 2nd. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $65.36.

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.