Evergy, Inc. (NASDAQ:EVRG) Shares Acquired by Trust Co. of Vermont

Trust Co. of Vermont boosted its position in Evergy, Inc. (NASDAQ:EVRG) by 18.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,870 shares of the company’s stock after acquiring an additional 285 shares during the quarter. Trust Co. of Vermont’s holdings in Evergy were worth $115,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC lifted its position in Evergy by 6,854.6% during the 3rd quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company’s stock worth $157,443,000 after acquiring an additional 2,502,493 shares in the last quarter. Mizuho Securities USA LLC lifted its position in shares of Evergy by 7,234.3% during the third quarter. Mizuho Securities USA LLC now owns 1,300,000 shares of the company’s stock worth $80,613,000 after purchasing an additional 1,282,275 shares in the last quarter. FMR LLC boosted 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 valued at $124,294,000 after purchasing an additional 1,138,138 shares during the period. Millennium Management LLC boosted its stake in shares of Evergy by 38.6% in the second quarter. Millennium Management LLC now owns 3,683,000 shares of the company’s stock valued at $195,089,000 after purchasing an additional 1,026,374 shares during the period. Finally, AQR Capital Management LLC increased its stake in Evergy by 147.8% during the 2nd quarter. AQR Capital Management LLC now owns 1,193,382 shares of the company’s stock worth $63,213,000 after buying an additional 711,785 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Insider Transactions at Evergy

In other news, EVP Kevin E. Bryant sold 48,141 shares of the company’s stock in a transaction 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 approximately $62.93. This represents a 100.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.26% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on EVRG. Wells Fargo & Company boosted their price target on Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Barclays reduced their target price on Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, October 21st. Mizuho started coverage on shares of Evergy in a research note on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price target for the company. Finally, LADENBURG THALM/SH SH upgraded shares of Evergy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $59.00 to $68.50 in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $64.06.

Evergy Stock Up 0.4 %

NASDAQ EVRG opened at $63.16 on Monday. Evergy, Inc. has a 12 month low of $48.04 and a 12 month high of $65.47. The company has a market capitalization of $14.53 billion, a P/E ratio of 17.07, a PEG ratio of 2.62 and a beta of 0.64. The company’s 50 day simple moving average is $62.46 and its 200 day simple moving average is $60.27. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32.

Evergy (NASDAQ:EVRG) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.02 earnings per share 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 business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the company posted $1.88 EPS. Evergy’s revenue for the quarter was up 8.5% on a year-over-year basis. Equities research analysts expect that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, November 21st were issued a $0.6675 dividend. This is an increase from Evergy’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.23%. Evergy’s dividend payout ratio is currently 72.16%.

About Evergy

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.