Evergy, Inc. (NYSE:EVRG) Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC increased its stake in Evergy, Inc. (NYSE:EVRG) by 9.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 33,620 shares of the company’s stock after acquiring an additional 2,994 shares during the period. ProShare Advisors LLC’s holdings in Evergy were worth $2,032,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameritas Investment Company LLC acquired a new position in Evergy during the first quarter valued at approximately $30,000. Bellwether Advisors LLC acquired a new position in Evergy during the second quarter valued at approximately $36,000. PNC Managed Account Solutions Inc. acquired a new position in Evergy during the second quarter valued at approximately $42,000. Eagle Bay Advisors LLC acquired a new position in Evergy during the second quarter valued at approximately $56,000. Finally, Financial Insights Inc. acquired a new position in Evergy during the second quarter valued at approximately $61,000. 85.80% of the stock is currently owned by institutional investors and hedge funds.

In other Evergy news, Director C John Wilder bought 19,840 shares of the stock in a transaction on Thursday, September 23rd. The stock was purchased at an average price of $63.70 per share, for a total transaction of $1,263,808.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kirkland B. Andrews bought 7,875 shares of the stock in a transaction on Thursday, September 23rd. The shares were acquired at an average price of $63.67 per share, with a total value of $501,401.25. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 115,261 shares of company stock valued at $7,263,761. Insiders own 0.47% of the company’s stock.

EVRG has been the topic of a number of recent research reports. Evercore ISI reaffirmed a “buy” rating and set a $70.00 price target on shares of Evergy in a research report on Wednesday, September 22nd. Wells Fargo & Company reduced their price target on shares of Evergy from $72.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 22nd. Seaport Res Ptn reiterated a “buy” rating on shares of Evergy in a research note on Wednesday, July 7th. Bank of America lowered shares of Evergy from a “buy” rating to a “neutral” rating and set a $65.00 price objective on the stock. in a research note on Wednesday, September 15th. Finally, Seaport Global Securities began coverage on shares of Evergy in a research note on Wednesday, July 7th. They set a “buy” rating and a $68.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $68.00.

Shares of NYSE:EVRG opened at $62.70 on Thursday. The company has a current ratio of 0.64, a quick ratio of 0.44 and a debt-to-equity ratio of 1.04. The company has a fifty day simple moving average of $65.93 and a 200 day simple moving average of $63.85. The firm has a market cap of $14.38 billion, a PE ratio of 18.07, a price-to-earnings-growth ratio of 3.42 and a beta of 0.38. Evergy, Inc. has a 12-month low of $51.88 and a 12-month high of $69.45.

Evergy (NYSE:EVRG) last issued its quarterly earnings results on Thursday, August 5th. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.12. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. Evergy had a net margin of 14.51% and a return on equity of 8.82%. The business’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.68 earnings per share. As a group, equities research analysts forecast that Evergy, Inc. will post 3.33 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, September 20th. Investors of record on Friday, August 20th were paid a $0.535 dividend. The ex-dividend date of this dividend was Thursday, August 19th. This represents a $2.14 dividend on an annualized basis and a dividend yield of 3.41%. Evergy’s dividend payout ratio (DPR) is presently 69.03%.

About Evergy

Evergy, Inc is a holding company, which engages in the provision of electricity through its subsidiaries. It focuses on the regulation of electric utilities and development of electric transmission projects. The company was founded in 2017 and is headquartered in Kansas City, MO.

Further Reading: What is Liquidity?

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Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

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