Evergy, Inc. (NYSE:EVRG) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets increased its stake in shares of Evergy, Inc. (NYSE:EVRG) by 34.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 945,148 shares of the company’s stock after purchasing an additional 239,599 shares during the period. BNP Paribas Financial Markets owned 0.41% of Evergy worth $58,609,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of EVRG. Fairscale Capital LLC acquired a new position in Evergy in the 2nd quarter valued at $27,000. Truvestments Capital LLC acquired a new position in Evergy in the 3rd quarter valued at $32,000. Hexagon Capital Partners LLC raised its holdings 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 acquiring an additional 170 shares during the last quarter. Rothschild Investment LLC acquired a new position in Evergy in the 2nd quarter valued at $37,000. Finally, Hantz Financial Services Inc. acquired a new position in Evergy in the 2nd quarter valued at $41,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Evergy Stock Up 0.2 %

Shares of Evergy stock opened at $65.00 on Thursday. The company has a fifty day moving average price of $61.62 and a 200 day moving average price of $58.04. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a twelve month low of $48.04 and a twelve month high of $65.47. The stock has a market cap of $14.95 billion, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 2.87 and a beta of 0.62.

Evergy (NYSE:EVRG) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.02 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.07. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The firm 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 company earned $1.88 EPS. The firm’s revenue was up 8.5% on a year-over-year basis. Equities research analysts forecast that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 21st will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a yield of 4.11%. This is a boost from Evergy’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend is Thursday, November 21st. Evergy’s dividend payout ratio is 72.16%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on EVRG shares. Jefferies Financial Group started coverage on Evergy in a report on Thursday, September 19th. They issued a “buy” rating and a $70.00 price target for the company. Wells Fargo & Company boosted their price target on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Barclays dropped their price objective on Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, October 21st. UBS Group upgraded Evergy to a “hold” rating in a report on Wednesday, September 18th. Finally, Mizuho initiated coverage on Evergy in a report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Evergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.88.

Insider Buying and Selling

In related news, SVP Charles A. Caisley sold 9,236 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $59.63, for a total transaction of $550,742.68. Following the completion of the sale, the senior vice president now directly owns 33,425 shares of the company’s stock, valued at approximately $1,993,132.75. This represents a 21.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kevin E. Bryant sold 48,141 shares of the company’s stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the completion of the transaction, the executive vice president now directly owns 1 shares of the company’s stock, valued at approximately $62.93. The trade was a 100.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.47% of the stock is owned by corporate insiders.

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.