Cetera Investment Advisers Has $4.39 Million Stake in Evergy Inc. $EVRG

Cetera Investment Advisers lowered its stake in Evergy Inc. (NASDAQ:EVRG) by 3.9% in the second quarter, Holdings Channel.com reports. The institutional investor owned 63,677 shares of the company’s stock after selling 2,572 shares during the quarter. Cetera Investment Advisers’ holdings in Evergy were worth $4,389,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in EVRG. Horizon Investments LLC raised its stake in shares of Evergy by 4.9% in the 1st quarter. Horizon Investments LLC now owns 3,353 shares of the company’s stock valued at $231,000 after acquiring an additional 158 shares in the last quarter. Rogco LP grew its holdings in Evergy by 16.4% during the second quarter. Rogco LP now owns 1,120 shares of the company’s stock valued at $77,000 after purchasing an additional 158 shares during the last quarter. Triad Wealth Partners LLC raised its position in shares of Evergy by 3.8% in the second quarter. Triad Wealth Partners LLC now owns 4,389 shares of the company’s stock valued at $303,000 after purchasing an additional 159 shares during the period. GoalVest Advisory LLC lifted its stake in shares of Evergy by 3.2% in the second quarter. GoalVest Advisory LLC now owns 5,259 shares of the company’s stock worth $363,000 after buying an additional 163 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its holdings in shares of Evergy by 24.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 849 shares of the company’s stock worth $59,000 after buying an additional 167 shares during the period. Institutional investors own 87.24% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Lesley Lissette Elwell sold 8,000 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $72.33, for a total value of $578,640.00. Following the completion of the transaction, the senior vice president owned 499 shares of the company’s stock, valued at $36,092.67. This represents a 94.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.42% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on EVRG shares. Wells Fargo & Company upgraded shares of Evergy to a “hold” rating in a report on Tuesday, October 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of Evergy in a research report on Wednesday, October 8th. Royal Bank Of Canada upgraded Evergy to a “moderate buy” rating in a research note on Tuesday, October 28th. Jefferies Financial Group lifted their price target on Evergy from $77.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Finally, Wall Street Zen upgraded Evergy from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $80.72.

Evergy Price Performance

Shares of EVRG stock opened at $77.02 on Tuesday. Evergy Inc. has a 12 month low of $59.67 and a 12 month high of $79.32. The company has a market capitalization of $17.73 billion, a P/E ratio of 21.16, a P/E/G ratio of 3.56 and a beta of 0.61. The stock has a 50 day moving average of $76.26 and a two-hundred day moving average of $71.69. The company has a current ratio of 0.50, a quick ratio of 0.27 and a debt-to-equity ratio of 1.24.

Evergy (NASDAQ:EVRG) last issued its earnings results on Wednesday, November 5th. The company reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.11). The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.24 billion. Evergy had a net margin of 14.29% and a return on equity of 8.62%. The business’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.02 earnings per share. As a group, equities analysts expect that Evergy Inc. will post 3.83 EPS for the current year.

Evergy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Friday, November 21st. This is a positive change from Evergy’s previous quarterly dividend of $0.67. Evergy’s payout ratio is 76.16%.

About Evergy

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.