SBI Okasan Asset Management Co.Ltd. purchased a new stake in Evergy Inc. (NASDAQ:EVRG – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 9,000 shares of the company’s stock, valued at approximately $657,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its holdings in Evergy by 0.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 24,981 shares of the company’s stock valued at $1,826,000 after acquiring an additional 140 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its stake in Evergy by 0.3% during the third quarter. Moneta Group Investment Advisors LLC now owns 46,972 shares of the company’s stock valued at $3,571,000 after buying an additional 145 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in Evergy by 17.7% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 979 shares of the company’s stock valued at $74,000 after buying an additional 147 shares in the last quarter. Modern Wealth Management LLC lifted its stake in Evergy by 1.9% during the third quarter. Modern Wealth Management LLC now owns 7,926 shares of the company’s stock valued at $603,000 after buying an additional 148 shares in the last quarter. Finally, Composition Wealth LLC lifted its stake in Evergy by 3.9% during the fourth quarter. Composition Wealth LLC now owns 3,920 shares of the company’s stock valued at $284,000 after buying an additional 148 shares in the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.
Evergy Price Performance
Shares of EVRG opened at $82.04 on Friday. The company has a market capitalization of $18.91 billion, a price-to-earnings ratio of 21.76, a P/E/G ratio of 2.15 and a beta of 0.56. Evergy Inc. has a fifty-two week low of $64.70 and a fifty-two week 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. The business’s 50-day moving average is $82.08 and its 200-day moving average is $78.81.
Evergy Announces Dividend
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 issued a $0.695 dividend. The ex-dividend date 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%.
Insider Buying and Selling
In related news, SVP Heather A. Humphrey sold 3,650 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $82.61, for a total value of $301,526.50. Following the transaction, the senior vice president owned 44,007 shares in the company, valued at approximately $3,635,418.27. This represents a 7.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Charles L. King sold 2,440 shares of the stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $82.19, for a total value of $200,543.60. Following the completion of the transaction, the senior vice president owned 18,359 shares in the company, valued at $1,508,926.21. This represents a 11.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.52% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts have commented on the stock. Wells Fargo & Company set a $87.00 price objective on shares of Evergy in a research note on Tuesday, April 21st. BMO Capital Markets upped their price objective on shares of Evergy from $82.00 to $87.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Mizuho set a $82.00 price objective on shares of Evergy in a research note on Monday, February 23rd. Citigroup upped their price objective on shares of Evergy from $89.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Finally, UBS Group upped their price objective on shares of Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $89.60.
Check Out Our Latest Analysis on EVRG
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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