Evergy, Inc. (NASDAQ:EVRG) Shares Sold by Bank & Trust Co

Bank & Trust Co cut its stake in shares of Evergy, Inc. (NASDAQ:EVRG) by 8.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,040 shares of the company’s stock after selling 366 shares during the quarter. Bank & Trust Co’s holdings in Evergy were worth $249,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fairscale Capital LLC bought a new stake in Evergy in the second quarter valued at $27,000. Truvestments Capital LLC acquired a new stake in shares of Evergy in the 3rd quarter worth about $32,000. Hexagon Capital Partners LLC lifted its position 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. Benjamin Edwards Inc. boosted its stake in Evergy by 47.8% during the 2nd quarter. Benjamin Edwards Inc. now owns 856 shares of the company’s stock valued at $45,000 after purchasing an additional 277 shares during the period. Finally, Sentry Investment Management LLC bought a new position in Evergy in the 3rd quarter worth about $51,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Evergy Price Performance

Evergy stock traded up $0.20 during midday trading on Tuesday, hitting $60.47. The company’s stock had a trading volume of 286,545 shares, compared to its average volume of 1,123,782. Evergy, Inc. has a 12 month low of $48.04 and a 12 month high of $65.47. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The stock’s 50-day moving average price is $62.34 and its 200-day moving average price is $59.74. The company has a market capitalization of $13.91 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 2.75 and a beta of 0.64.

Evergy (NASDAQ:EVRG) last released its earnings results on Thursday, November 7th. The company reported $2.02 EPS for the quarter, beating the consensus estimate of $1.95 by $0.07. The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.35 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.88 earnings per share. Analysts anticipate that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Thursday, November 21st were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.42%. This is a boost from Evergy’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Thursday, November 21st. Evergy’s payout ratio is presently 72.16%.

Insider Transactions at Evergy

In other news, EVP Kevin E. Bryant sold 48,141 shares of Evergy 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 transaction, the executive vice president now directly owns 1 shares of the company’s stock, valued at $62.93. This trade represents a 100.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.47% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on EVRG shares. UBS Group raised 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 set a “buy” rating and a $70.00 price target for the company. Mizuho began coverage on Evergy in a research note on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price target for the company. Wells Fargo & Company lifted their price objective on shares of Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, LADENBURG THALM/SH SH upgraded shares of Evergy from a “neutral” rating to a “buy” rating and increased their target price for the company from $59.00 to $68.50 in a research report on Thursday, January 2nd. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $64.06.

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.