Gamco Investors INC. ET AL Has $23.38 Million Stock Holdings in Evergy Inc. $EVRG

Gamco Investors INC. ET AL decreased its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 2.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 285,381 shares of the company’s stock after selling 6,159 shares during the period. Gamco Investors INC. ET AL owned 0.12% of Evergy worth $23,378,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. MidFirst Bank acquired a new position in Evergy in the fourth quarter valued at approximately $25,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Evergy during the 4th quarter worth approximately $27,000. Prosperity Bancshares Inc acquired a new stake in shares of Evergy during the 4th quarter worth approximately $32,000. Triumph Capital Management grew its position in shares of Evergy by 104.8% during the 4th quarter. Triumph Capital Management now owns 508 shares of the company’s stock worth $37,000 after buying an additional 260 shares during the period. Finally, Transamerica Financial Advisors LLC increased its stake in shares of Evergy by 163.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 529 shares of the company’s stock valued at $38,000 after acquiring an additional 328 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analyst Ratings Changes

EVRG has been the topic of a number of research reports. Weiss Ratings upgraded shares of Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Barclays raised their price target on shares of Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. Wells Fargo & Company set a $87.00 price target on shares of Evergy in a research note on Tuesday, April 21st. Bank of America dropped their price objective on shares of Evergy from $89.00 to $88.00 and set a “buy” rating on the stock in a report on Tuesday, April 14th. Finally, BMO Capital Markets increased their price objective on shares of Evergy from $88.00 to $92.00 and gave the stock an “outperform” rating in a research report on Wednesday. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.60.

Evergy Trading Up 0.6%

NASDAQ EVRG opened at $87.18 on Friday. The company has a market cap of $20.10 billion, a price-to-earnings ratio of 23.12, a P/E/G ratio of 2.25 and a beta of 0.54. Evergy Inc. has a 52 week low of $68.05 and a 52 week high of $88.62. The business has a 50 day moving average price of $84.49 and a 200-day moving average price of $81.66. The company has a quick ratio of 0.24, a current ratio of 0.45 and a debt-to-equity ratio of 1.29.

Evergy (NASDAQ:EVRG) last issued its earnings results on Wednesday, May 6th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. Evergy had a return on equity of 9.09% and a net margin of 14.63%.The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same period in the prior year, the firm earned $0.54 earnings per share. Evergy’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities analysts expect that Evergy Inc. will post 4.25 earnings per share for the current fiscal year.

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.695 per share. The ex-dividend date was Friday, May 22nd. This represents a $2.78 annualized dividend and a yield of 3.2%. Evergy’s dividend payout ratio is presently 73.74%.

Insider Buying and Selling at Evergy

In other Evergy news, Director Sandra Aj Lawrence sold 761 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $83.31, for a total value of $63,398.91. Following the transaction, the director directly owned 1,680 shares of the company’s stock, valued at approximately $139,960.80. This trade represents a 31.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Charles A. Caisley sold 10,787 shares of Evergy stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $83.46, for a total transaction of $900,283.02. Following the transaction, the executive vice president owned 37,789 shares of the company’s stock, valued at $3,153,869.94. This represents a 22.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 12,748 shares of company stock worth $1,061,870. Corporate insiders own 1.52% of the company’s stock.

Evergy Profile

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.