Evergy (NASDAQ:EVRG) SVP Heather Humphrey Sells 3,650 Shares

Evergy Inc. (NASDAQ:EVRG) SVP Heather Humphrey sold 3,650 shares of Evergy stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $82.61, for a total transaction of $301,526.50. Following the completion of the sale, the senior vice president owned 44,007 shares in the company, valued at approximately $3,635,418.27. This represents a 7.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Evergy Price Performance

Shares of EVRG traded up $0.50 during midday trading on Thursday, hitting $81.52. 92,877 shares of the company traded hands, compared to its average volume of 2,208,766. The firm has a 50 day moving average of $78.33 and a 200-day moving average of $76.03. Evergy Inc. has a 52 week low of $61.94 and a 52 week high of $85.23. The stock has a market cap of $18.77 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 3.25 and a beta of 0.65. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.27 and a current ratio of 0.49.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings data on Saturday, January 31st. The company reported $0.42 earnings per share for the quarter. Evergy had a return on equity of 8.79% and a net margin of 14.35%. On average, analysts forecast that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.695 per share. This represents a $2.78 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, March 10th. Evergy’s dividend payout ratio is 75.75%.

Institutional Trading of Evergy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Synergy Asset Management LLC raised its holdings in shares of Evergy by 100.0% in the third quarter. Synergy Asset Management LLC now owns 148,940 shares of the company’s stock worth $11,322,000 after buying an additional 74,470 shares during the period. Caprock Group LLC purchased a new position in Evergy during the 3rd quarter valued at $1,482,000. Kingsview Wealth Management LLC bought a new position in Evergy in the 2nd quarter valued at $246,000. ANTIPODES PARTNERS Ltd purchased a new stake in Evergy in the third quarter worth $72,860,000. Finally, Oppenheimer Asset Management Inc. increased its stake in Evergy by 9.9% in the third quarter. Oppenheimer Asset Management Inc. now owns 209,307 shares of the company’s stock worth $15,912,000 after purchasing an additional 18,783 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Analyst Upgrades and Downgrades

EVRG has been the subject of a number of recent research reports. Mizuho set a $82.00 target price on shares of Evergy in a report on Monday, February 23rd. Wells Fargo & Company upped their price target on shares of Evergy from $79.00 to $83.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. Wall Street Zen upgraded shares of Evergy from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings reissued a “buy (b-)” rating on shares of Evergy in a research note on Monday, December 29th. Finally, Citigroup upped their target price on shares of Evergy from $89.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, February 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $87.75.

About Evergy

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.