Barclays PLC Sells 1,557 Shares of Evergy, Inc. (NASDAQ:EVRG)

Barclays PLC decreased its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 0.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 438,557 shares of the company’s stock after selling 1,557 shares during the period. Barclays PLC owned about 0.19% of Evergy worth $27,195,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of EVRG. Pathway Financial Advisers LLC raised its holdings in shares of Evergy by 6,854.6% in the third quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company’s stock valued at $157,443,000 after buying an additional 2,502,493 shares during the last quarter. Mizuho Securities USA LLC increased its position in Evergy by 7,234.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 1,300,000 shares of the company’s stock valued at $80,613,000 after acquiring an additional 1,282,275 shares in the last quarter. FMR LLC raised its stake in shares of Evergy by 131.4% in the third quarter. FMR LLC now owns 2,004,414 shares of the company’s stock worth $124,294,000 after acquiring an additional 1,138,138 shares during the last quarter. Millennium Management LLC lifted its position in shares of Evergy by 38.6% during the second quarter. Millennium Management LLC now owns 3,683,000 shares of the company’s stock worth $195,089,000 after purchasing an additional 1,026,374 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Evergy during the second quarter worth approximately $50,044,000. Institutional investors own 87.24% of the company’s stock.

Insider Transactions at Evergy

In related news, EVP Kevin E. Bryant sold 48,141 shares of the firm’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the sale, the executive vice president now owns 1 shares of the company’s stock, valued at approximately $62.93. This trade represents a 100.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on EVRG. Mizuho initiated coverage on shares of Evergy in a report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price target for the company. Barclays dropped their target price on Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. UBS Group upgraded Evergy to a “hold” rating in a report on Wednesday, September 18th. 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 for the company. Finally, Wells Fargo & Company upped their target price on shares of Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.88.

Evergy Trading Down 0.3 %

NASDAQ EVRG opened at $61.91 on Friday. Evergy, Inc. has a 12 month low of $48.04 and a 12 month high of $65.47. The stock has a 50-day simple moving average of $62.08 and a 200 day simple moving average of $58.75. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $14.24 billion, a PE ratio of 16.73, a P/E/G ratio of 2.77 and a beta of 0.64.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.02 EPS for the quarter, beating 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 analysts’ expectations of $2.35 billion. During the same period in the prior year, the business posted $1.88 EPS. Evergy’s revenue was up 8.5% on a year-over-year basis. Research analysts forecast that Evergy, Inc. will post 3.85 EPS for the current year.

Evergy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 21st will be issued a $0.6675 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Evergy’s previous quarterly dividend of $0.64. This represents a $2.67 annualized dividend and a yield of 4.31%. Evergy’s dividend payout ratio (DPR) is 72.16%.

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.