Kingsview Wealth Management LLC purchased a new position in Evergy Inc. (NASDAQ:EVRG – Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,595 shares of the company’s stock, valued at approximately $570,000.
Several other hedge funds have also recently bought and sold shares of EVRG. MidFirst Bank purchased a new position in shares of Evergy in the fourth quarter valued at $25,000. Knuff & Co LLC purchased a new stake in shares of Evergy in the 2nd quarter worth about $30,000. Burk Holdings LLC acquired a new stake in Evergy in the 2nd quarter valued at about $31,000. Clearstead Trust LLC acquired a new stake in Evergy in the 2nd quarter valued at about $33,000. Finally, Fiduciary Financial Advisors purchased a new position in Evergy during the 2nd quarter valued at about $34,000. 87.24% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Evergy
In other Evergy news, EVP Charles A. Caisley sold 10,787 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $83.46, for a total transaction of $900,283.02. Following the completion of the sale, the executive vice president directly owned 37,789 shares in the company, valued at $3,153,869.94. This represents a 22.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sandra Aj Lawrence sold 600 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $81.41, for a total value of $48,846.00. Following the completion of the transaction, the director owned 680 shares in the company, valued at approximately $55,358.80. This trade represents a 46.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 11,587 shares of company stock worth $965,655 over the last ninety days. Corporate insiders own 1.52% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on EVRG
Evergy Price Performance
EVRG opened at $80.65 on Monday. The company’s 50 day simple moving average is $84.61 and its 200 day simple moving average is $83.01. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.21 and a current ratio of 0.36. Evergy Inc. has a 1 year low of $70.42 and a 1 year high of $88.62. The stock has a market capitalization of $18.60 billion, a PE ratio of 20.47, a P/E/G ratio of 2.09 and a beta of 0.54.
Evergy (NASDAQ:EVRG – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.36 billion. Evergy had a net margin of 15.19% and a return on equity of 9.20%. During the same quarter last year, the firm posted $0.82 earnings per share. As a group, sell-side analysts expect that Evergy Inc. will post 4.25 EPS for the current year.
Evergy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 18th will be given a $0.695 dividend. This represents a $2.78 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Evergy’s dividend payout ratio (DPR) is 70.56%.
Evergy Company 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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