Evergy Inc. (NASDAQ:EVRG – Get Free Report) Director Jonathan Rolph bought 1,640 shares of the stock in a transaction dated Friday, September 11th. The shares were purchased at an average cost of $81.47 per share, for a total transaction of $133,610.80. Following the completion of the purchase, the director owned 670 shares in the company, valued at approximately $54,584.90. This represents a -169.07% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Evergy Price Performance
Shares of Evergy stock opened at $80.20 on Wednesday. The firm has a market cap of $18.49 billion, a PE ratio of 20.36, a P/E/G ratio of 2.10 and a beta of 0.53. Evergy Inc. has a twelve month low of $71.20 and a twelve month high of $88.62. The company has a quick ratio of 0.21, a current ratio of 0.36 and a debt-to-equity ratio of 1.20. The business has a 50-day moving average price of $83.38 and a 200 day moving average price of $83.03.
Evergy (NASDAQ:EVRG – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. Evergy had a return on equity of 9.20% and a net margin of 15.19%.The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the business posted $0.82 earnings per share. Sell-side analysts predict that Evergy Inc. will post 4.25 earnings per share for the current fiscal year.
Evergy Announces Dividend
Analysts Set New Price Targets
Several brokerages recently commented on EVRG. Weiss Ratings reissued a “buy (b)” rating on shares of Evergy in a report on Friday, August 7th. Citigroup increased their price objective on shares of Evergy from $95.00 to $97.00 and gave the company a “buy” rating in a report on Friday, July 24th. BMO Capital Markets lifted their target price on shares of Evergy from $88.00 to $92.00 and gave the company an “outperform” rating in a research report on Wednesday, July 22nd. BTIG Research set a $97.00 target price on shares of Evergy in a research note on Thursday, July 23rd. Finally, Barclays upped their price target on shares of Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $90.60.
Institutional Investors Weigh In On Evergy
A number of hedge funds have recently modified their holdings of the company. Kestra Advisory Services LLC increased its position in shares of Evergy by 0.8% in the 1st quarter. Kestra Advisory Services LLC now owns 15,829 shares of the company’s stock worth $1,297,000 after purchasing an additional 124 shares during the last quarter. Trilogy Capital Inc. raised its stake in shares of Evergy by 0.3% in the 2nd quarter. Trilogy Capital Inc. now owns 47,210 shares of the company’s stock valued at $4,080,000 after purchasing an additional 125 shares in the last quarter. Retirement Planning Group LLC lifted its position in shares of Evergy by 0.6% during the first quarter. Retirement Planning Group LLC now owns 23,659 shares of the company’s stock worth $1,938,000 after purchasing an additional 137 shares during the last quarter. Earned Wealth Advisors LLC grew its stake in Evergy by 4.9% in the first quarter. Earned Wealth Advisors LLC now owns 2,946 shares of the company’s stock worth $241,000 after purchasing an additional 137 shares in the last quarter. Finally, Optiver Holding B.V. grew its stake in Evergy by 14.5% in the first quarter. Optiver Holding B.V. now owns 1,107 shares of the company’s stock worth $91,000 after purchasing an additional 140 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.
Evergy Company Profile
Evergy, Inc is an investor-owned electric utility that generates, transmits, distributes and sells electricity to residential, commercial, industrial and other customers. The company operates regulated utilities and provides electric service through its Kansas and Missouri subsidiaries.
Evergy serves customers across much of Kansas and in western Missouri, including the Kansas City metropolitan area. Its generation portfolio includes a mix of renewable and conventional resources, such as wind, solar, natural gas and coal, as well as an ownership interest in the Wolf Creek nuclear generating station in Kansas.
The company was formed in 2018 through the merger of Great Plains Energy Incorporated and Westar Energy, Inc Evergy is headquartered in Topeka, Kansas, with significant operations in the Kansas City region.
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