Key Points
- Evergy SVP Heather Humphrey sold 3,650 shares on March 10 at an average price of $82.61, generating $301,526.50 and reducing her stake by 7.66% to 44,007 shares (valued about $3.64M).
- Evergy declared a quarterly dividend of $0.695 (ex-dividend and record date March 10; payable March 20), implying a $2.78 annualized payout and a 3.4% yield with a 75.75% payout ratio.
- Analyst sentiment is moderately bullish: the consensus rating is "Moderate Buy" with an average target of $87.75, and several firms (including Barclays and Citigroup) have recently raised price targets.
Evergy Inc. (NASDAQ:EVRG - Get Free Report) SVP Heather Humphrey sold 3,650 shares of the firm's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $82.61, for a total transaction of $301,526.50. Following the completion of the transaction, the senior vice president directly owned 44,007 shares in the company, valued at $3,635,418.27. This represents a 7.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Evergy Trading Up 0.6%
EVRG traded up $0.50 on Thursday, reaching $81.52. 92,877 shares of the company traded hands, compared to its average volume of 2,208,766. The company has a market cap of $18.77 billion, a P/E ratio of 22.22, a price-to-earnings-growth ratio of 3.25 and a beta of 0.65. The company has a quick ratio of 0.27, a current ratio of 0.49 and a debt-to-equity ratio of 1.27. Evergy Inc. has a one year low of $61.94 and a one year high of $85.23. The firm has a fifty day simple moving average of $78.33 and a two-hundred day simple moving average of $76.03.
Evergy (NASDAQ:EVRG - Get Free Report) last issued its earnings results 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%. As a group, equities research analysts expect that Evergy Inc. will post 3.83 earnings per share for the current year.
Evergy Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, March 10th will be paid 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 3.4%. Evergy's dividend payout ratio is 75.75%.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on EVRG shares. Barclays lifted their target price on Evergy from $82.00 to $89.00 and gave the company an "overweight" rating in a research report on Monday. Weiss Ratings restated a "buy (b-)" rating on shares of Evergy in a research note on Monday, December 29th. Citigroup upped their price objective on shares of Evergy from $89.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, February 20th. Wall Street Zen upgraded shares of Evergy from a "sell" rating to a "hold" rating in a report on Saturday, February 21st. Finally, Wells Fargo & Company raised their target price 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. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Evergy currently has an average rating of "Moderate Buy" and a consensus target price of $87.75.
Read Our Latest Research Report on Evergy
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in EVRG. MidFirst Bank bought a new position in shares of Evergy in the 4th quarter worth $25,000. Harbor Capital Advisors Inc. bought a new stake in Evergy during the fourth quarter valued at about $27,000. Accredited Wealth Management LLC boosted its position in Evergy by 1,310.3% during the third quarter. Accredited Wealth Management LLC now owns 409 shares of the company's stock valued at $31,000 after purchasing an additional 380 shares in the last quarter. Prosperity Bancshares Inc purchased a new position in Evergy in the fourth quarter valued at about $32,000. Finally, AlphaCore Capital LLC purchased a new position in Evergy in the second quarter valued at about $33,000. 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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