Oppenheimer & Co. Inc. Sells 167 Shares of Evergy, Inc. (NYSE:EVRG)

Oppenheimer & Co. Inc. cut its holdings in shares of Evergy, Inc. (NYSE:EVRG) by 0.2% during the 3rd quarter, Holdings Channel reports. The firm owned 92,989 shares of the company’s stock after selling 167 shares during the period. Oppenheimer & Co. Inc.’s holdings in Evergy were worth $5,766,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EVRG. Vanguard Group Inc. grew its position in Evergy by 0.9% during the first quarter. Vanguard Group Inc. now owns 31,046,328 shares of the company’s stock worth $1,657,253,000 after buying an additional 288,913 shares in the last quarter. Millennium Management LLC lifted its position in shares of Evergy by 38.6% during the 2nd quarter. Millennium Management LLC now owns 3,683,000 shares of the company’s stock valued at $195,089,000 after acquiring an additional 1,026,374 shares during the period. Federated Hermes Inc. grew its holdings in shares of Evergy by 18.8% during the 2nd quarter. Federated Hermes Inc. now owns 3,490,674 shares of the company’s stock worth $184,901,000 after purchasing an additional 552,455 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Evergy by 5.3% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,686,541 shares of the company’s stock worth $141,787,000 after purchasing an additional 134,236 shares during the period. Finally, Pathway Financial Advisers LLC raised its stake in Evergy by 6,854.6% in the third quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company’s stock valued at $157,443,000 after purchasing an additional 2,502,493 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Evergy

In other Evergy news, SVP Heather A. Humphrey sold 3,347 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total transaction of $196,803.60. Following the transaction, the senior vice president now directly owns 35,314 shares in the company, valued at approximately $2,076,463.20. This represents a 8.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Charles A. Caisley sold 9,236 shares of Evergy 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 owns 33,425 shares of the company’s stock, valued at $1,993,132.75. This represents a 21.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 60,724 shares of company stock worth $3,777,059 over the last ninety days. Insiders own 0.47% of the company’s stock.

Evergy Stock Down 0.9 %

Shares of NYSE EVRG opened at $62.80 on Friday. The company has a 50 day simple moving average of $61.06 and a 200 day simple moving average of $57.41. 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, Inc. has a 1 year low of $48.04 and a 1 year high of $64.07. The firm has a market cap of $14.44 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 2.83 and a beta of 0.62.

Evergy (NYSE:EVRG) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $2.35 billion. During the same quarter last year, the firm earned $1.88 earnings per share. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. On average, research analysts forecast that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders 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 dividend yield of 4.25%. This is an increase 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 (DPR) is 72.16%.

Analysts Set New Price Targets

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

Evergy Company 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.