Leeward Investments LLC MA trimmed its holdings in Evergy Inc. (NASDAQ:EVRG – Free Report) by 4.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 156,034 shares of the company’s stock after selling 7,981 shares during the period. Leeward Investments LLC MA owned about 0.07% of Evergy worth $11,311,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also made changes to their positions in the company. Harbor Capital Advisors Inc. purchased a new position in shares of Evergy in the fourth quarter valued at about $27,000. Accredited Wealth Management LLC lifted its position in shares of Evergy by 1,310.3% in the third quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock valued at $31,000 after acquiring an additional 380 shares in the last quarter. Sentry Investment Management LLC purchased a new position in shares of Evergy in the third quarter valued at about $41,000. Root Financial Partners LLC purchased a new position in shares of Evergy in the third quarter valued at about $44,000. Finally, TOWER TRUST & INVESTMENT Co purchased a new position in shares of Evergy in the fourth quarter valued at about $42,000. 87.24% of the stock is currently owned by hedge funds and other institutional investors.
Evergy Trading Up 0.3%
Shares of EVRG stock opened at $82.73 on Friday. The company has a market cap of $19.07 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 2.14 and a beta of 0.56. The stock’s 50 day simple moving average is $81.98 and its two-hundred day simple moving average is $78.36. Evergy Inc. has a 1 year low of $64.22 and a 1 year high of $85.27. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.45 and a quick ratio of 0.24.
Evergy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.695 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.4%. Evergy’s dividend payout ratio is currently 73.74%.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on EVRG shares. BTIG Research started coverage on Evergy in a research report on Thursday, April 9th. They issued a “buy” rating and a $99.00 price objective on the stock. Bank of America decreased their target price on Evergy from $89.00 to $88.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Mizuho set a $82.00 target price on Evergy in a research report on Monday, February 23rd. Wells Fargo & Company set a $87.00 target price on Evergy in a research report on Tuesday, April 21st. Finally, Wall Street Zen upgraded Evergy from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $89.60.
View Our Latest Research Report on Evergy
Insider Activity
In other news, SVP Charles L. King sold 2,440 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $82.19, for a total transaction of $200,543.60. Following the transaction, the senior vice president owned 18,359 shares of the company’s stock, valued at approximately $1,508,926.21. This represents a 11.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Heather A. Humphrey sold 3,650 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $82.61, for a total value of $301,526.50. Following the transaction, the senior vice president directly owned 44,007 shares in the company, valued at approximately $3,635,418.27. This represents a 7.66% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 8,937 shares of company stock valued at $736,492. 1.52% of the stock is currently owned by insiders.
Evergy Profile
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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