Toronto Dominion Bank Buys 21,257 Shares of Evergy, Inc. (NASDAQ:EVRG)

Toronto Dominion Bank raised its stake in Evergy, Inc. (NASDAQ:EVRG) by 18.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 135,274 shares of the company’s stock after acquiring an additional 21,257 shares during the period. Toronto Dominion Bank owned approximately 0.06% of Evergy worth $8,388,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Fairscale Capital LLC bought a new stake in shares of Evergy in the second quarter worth about $27,000. Truvestments Capital LLC purchased a new position in Evergy during the 3rd quarter valued at approximately $32,000. Hexagon Capital Partners LLC increased its stake in Evergy by 47.1% in the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock worth $33,000 after acquiring an additional 170 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of Evergy during the 2nd quarter worth approximately $37,000. Finally, Hantz Financial Services Inc. bought a new position in shares of Evergy during the 2nd quarter valued at approximately $41,000. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Stock Down 0.3 %

NASDAQ:EVRG opened at $61.91 on Friday. 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 cap of $14.24 billion, a price-to-earnings ratio of 16.73, a price-to-earnings-growth ratio of 2.77 and a beta of 0.64. The stock has a fifty day simple moving average of $62.08 and a 200-day simple moving average of $58.79. Evergy, Inc. has a twelve month low of $48.04 and a twelve month high of $65.47.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.07. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.35 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. Evergy’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.88 earnings per share. Analysts anticipate that Evergy, Inc. will post 3.85 EPS for the current year.

Evergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 21st will be issued a $0.6675 dividend. This is an increase from Evergy’s previous quarterly dividend of $0.64. This represents a $2.67 annualized dividend and a dividend yield of 4.31%. The ex-dividend date is Thursday, November 21st. Evergy’s payout ratio is presently 72.16%.

Wall Street Analyst Weigh In

EVRG has been the topic of several research reports. Mizuho began coverage on shares of Evergy in a research report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price target on the stock. Wells Fargo & Company lifted their price target on Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Jefferies Financial Group started coverage on Evergy in a research report on Thursday, September 19th. They set a “buy” rating and a $70.00 price objective on the stock. UBS Group raised Evergy to a “hold” rating in a research report on Wednesday, September 18th. Finally, Barclays lowered their price target on Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $61.88.

Insider Buying and Selling

In other news, EVP Kevin E. Bryant sold 48,141 shares of the company’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 completion of the sale, the executive vice president now owns 1 shares of the company’s stock, valued at approximately $62.93. This represents a 100.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.47% of the stock is owned by insiders.

Evergy Company 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.