Public Sector Pension Investment Board grew its position in shares of Evergy (NYSE:EVRG) by 20.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,099 shares of the company’s stock after purchasing an additional 9,361 shares during the period. Public Sector Pension Investment Board’s holdings in Evergy were worth $3,586,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. John W. Brooker & Co. CPAs bought a new stake in shares of Evergy in the fourth quarter worth $27,000. BerganKDV Wealth Management LLC acquired a new stake in Evergy during the 4th quarter worth about $27,000. Country Trust Bank raised its holdings in Evergy by 83.1% during the 4th quarter. Country Trust Bank now owns 650 shares of the company’s stock worth $42,000 after buying an additional 295 shares during the period. Huntington National Bank raised its holdings in Evergy by 252.5% during the 4th quarter. Huntington National Bank now owns 705 shares of the company’s stock worth $46,000 after buying an additional 505 shares during the period. Finally, Pacitti Group Inc. acquired a new stake in Evergy during the 4th quarter worth about $48,000. Institutional investors own 83.51% of the company’s stock.
Evergy stock traded up $6.38 during mid-day trading on Thursday, hitting $58.28. The stock had a trading volume of 77,771 shares, compared to its average volume of 2,970,575. The stock has a 50-day simple moving average of $65.43 and a two-hundred day simple moving average of $65.08. The stock has a market capitalization of $11.49 billion, a PE ratio of 20.77, a P/E/G ratio of 2.54 and a beta of 0.32. Evergy has a 12 month low of $42.01 and a 12 month high of $76.57. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 1.03.
Evergy (NYSE:EVRG) last posted its quarterly earnings results on Monday, March 2nd. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.20 billion. Evergy had a return on equity of 7.85% and a net margin of 13.01%. During the same quarter last year, the business earned $0.08 earnings per share. Sell-side analysts expect that Evergy will post 3.12 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Monday, March 9th were issued a $0.505 dividend. This represents a $2.02 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend was Friday, March 6th. Evergy’s dividend payout ratio is 69.90%.
Several research firms have issued reports on EVRG. Bank of America upgraded Evergy from an “underperform” rating to a “buy” rating and boosted their price objective for the stock from $69.00 to $75.00 in a report on Tuesday, March 3rd. TheStreet lowered Evergy from a “b-” rating to a “c+” rating in a report on Wednesday, March 11th. Zacks Investment Research lowered Evergy from a “strong-buy” rating to a “hold” rating and set a $77.00 price target for the company. in a report on Thursday, January 16th. ValuEngine upgraded Evergy from a “sell” rating to a “hold” rating in a report on Monday, March 9th. Finally, SunTrust Banks reiterated a “buy” rating and set a $73.00 price target on shares of Evergy in a report on Wednesday, January 22nd. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $72.43.
In related news, COO Kevin E. Bryant sold 4,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $72.61, for a total transaction of $290,440.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sandra Aj Lawrence sold 4,280 shares of the stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $70.70, for a total value of $302,596.00. Following the sale, the director now directly owns 480 shares of the company’s stock, valued at $33,936. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,280 shares of company stock worth $724,756. 0.38% of the stock is owned by company insiders.
Evergy Company Profile
Westar Energy, Inc engages in the generation, transmission and distribution of electricity in Kansas. It provides electricity to residential, commercial, and industrial customers in the cities of Topeka, Lawrence, Manhattan, Salina, and Hutchinson. The company was founded in 1924 and is headquartered in Topeka, KS.
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