Key Points
- Director Ann Murtlow sold 2,847 shares on Feb. 25 at an average price of $82.34 for a total of $234,421.98, leaving her with 2,311 shares — a 55.20% reduction in her position.
- Evergy declared a quarterly dividend of $0.695 per share (ex-dividend date March 10, payable March 20), equal to a $2.78 annualized payout and a 3.3% yield with a 75.75% payout ratio.
- Shares traded at $83.20 (up 0.5%) near a 52-week high of $83.42; the company has a market cap of ~$19.16B, a P/E of 22.66, and a consensus analyst rating of "Moderate Buy" with a $86.88 target.
Evergy Inc. (NASDAQ:EVRG - Get Free Report) Director Ann Murtlow sold 2,847 shares of the firm's stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $82.34, for a total value of $234,421.98. Following the completion of the transaction, the director owned 2,311 shares in the company, valued at $190,287.74. This represents a 55.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Evergy Stock Up 0.5%
Evergy stock traded up $0.40 during trading on Thursday, hitting $83.20. 563,580 shares of the company were exchanged, compared to its average volume of 2,184,250. The company has a current ratio of 0.49, a quick ratio of 0.27 and a debt-to-equity ratio of 1.27. The business's 50 day moving average is $76.26 and its 200 day moving average is $75.28. Evergy Inc. has a 52 week low of $61.94 and a 52 week high of $83.42. The company has a market capitalization of $19.16 billion, a P/E ratio of 22.66, a PEG ratio of 3.27 and a beta of 0.66.
Evergy (NASDAQ:EVRG - Get Free Report) last posted its quarterly earnings data on Saturday, January 31st. The company reported $0.42 EPS for the quarter. Evergy had a net margin of 14.35% and a return on equity of 8.79%. Analysts predict that Evergy Inc. will post 3.83 earnings per share for the current year.
Evergy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be given a $0.695 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $2.78 annualized dividend and a yield of 3.3%. Evergy's payout ratio is currently 75.75%.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on EVRG. Wells Fargo & Company raised their price objective on shares of Evergy from $79.00 to $83.00 and gave the company an "equal weight" rating in a research report on Friday, February 20th. Barclays increased their price target on shares of Evergy from $80.00 to $82.00 and gave the stock an "overweight" rating in a report on Thursday, January 22nd. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Evergy in a research note on Monday, December 29th. Citigroup boosted their target price on Evergy from $89.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, February 20th. Finally, BMO Capital Markets lifted their price target on shares of Evergy from $82.00 to $87.00 and gave the stock an "outperform" rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $86.88.
Read Our Latest Report on Evergy
Institutional Trading of Evergy
Institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its holdings in shares of Evergy by 0.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 24,981 shares of the company's stock valued at $1,826,000 after buying an additional 140 shares during the period. Hilltop Holdings Inc. increased its holdings in Evergy by 1.6% during the fourth quarter. Hilltop Holdings Inc. now owns 8,990 shares of the company's stock valued at $652,000 after buying an additional 142 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its stake in shares of Evergy by 0.3% during the 3rd quarter. Moneta Group Investment Advisors LLC now owns 46,972 shares of the company's stock worth $3,571,000 after acquiring an additional 145 shares during the last quarter. Cary Street Partners Investment Advisory LLC grew its position in shares of Evergy by 17.7% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 979 shares of the company's stock valued at $74,000 after acquiring an additional 147 shares during the period. Finally, Modern Wealth Management LLC increased its stake in shares of Evergy by 1.9% in the 3rd quarter. Modern Wealth Management LLC now owns 7,926 shares of the company's stock worth $603,000 after purchasing an additional 148 shares in the last quarter. 87.24% of the stock is currently owned by hedge funds and other institutional investors.
About Evergy
(
Get Free Report)
Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.
The company's business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.
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