SG Americas Securities LLC raised its holdings in Evergy (NYSE:EVRG) by 28.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 125,928 shares of the company’s stock after buying an additional 27,594 shares during the quarter. SG Americas Securities LLC owned 0.05% of Evergy worth $8,382,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of EVRG. Invesco Ltd. increased its holdings in shares of Evergy by 34.3% during the second quarter. Invesco Ltd. now owns 4,879,106 shares of the company’s stock valued at $293,478,000 after acquiring an additional 1,246,803 shares in the last quarter. Commonwealth Bank of Australia increased its holdings in shares of Evergy by 1.8% during the second quarter. Commonwealth Bank of Australia now owns 4,100,212 shares of the company’s stock valued at $246,616,000 after acquiring an additional 74,101 shares in the last quarter. Magellan Asset Management Ltd increased its holdings in shares of Evergy by 12.2% during the second quarter. Magellan Asset Management Ltd now owns 2,554,985 shares of the company’s stock valued at $153,682,000 after acquiring an additional 276,878 shares in the last quarter. APG Asset Management N.V. increased its holdings in shares of Evergy by 40.8% during the second quarter. APG Asset Management N.V. now owns 2,158,522 shares of the company’s stock valued at $114,010,000 after acquiring an additional 626,000 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of Evergy by 1.8% during the third quarter. California Public Employees Retirement System now owns 2,013,758 shares of the company’s stock valued at $134,036,000 after acquiring an additional 36,305 shares in the last quarter. 84.65% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP Greg A. Greenwood sold 6,000 shares of the company’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $63.23, for a total transaction of $379,380.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Kevin E. Bryant sold 4,000 shares of the company’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $65.18, for a total value of $260,720.00. The disclosure for this sale can be found here. Insiders have sold 11,000 shares of company stock valued at $706,300 in the last quarter. 0.38% of the stock is currently owned by corporate insiders.
Evergy stock traded up $0.24 during trading on Friday, hitting $63.06. 1,695,271 shares of the company were exchanged, compared to its average volume of 1,730,431. The business’s 50 day moving average is $64.51 and its 200 day moving average is $61.87. Evergy has a 52 week low of $54.57 and a 52 week high of $67.81. The company has a market capitalization of $14.72 billion, a P/E ratio of 23.62, a PEG ratio of 3.30 and a beta of 0.13. The company has a current ratio of 0.44, a quick ratio of 0.30 and a debt-to-equity ratio of 0.81.
Evergy (NYSE:EVRG) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.59 by ($0.02). Evergy had a return on equity of 6.44% and a net margin of 11.74%. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter last year, the company posted $1.38 EPS. Equities analysts expect that Evergy will post 2.88 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.505 per share. The ex-dividend date is Tuesday, November 26th. This represents a $2.02 annualized dividend and a yield of 3.20%. This is an increase from Evergy’s previous quarterly dividend of $0.48. Evergy’s dividend payout ratio is 71.16%.
Several research firms have recently commented on EVRG. Bank of America downgraded Evergy from a “buy” rating to a “neutral” rating and set a $67.00 price objective for the company. in a report on Thursday, October 10th. ValuEngine downgraded Evergy from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Wells Fargo & Co set a $69.00 price objective on Evergy and gave the company a “hold” rating in a report on Tuesday, September 3rd. UBS Group decreased their price objective on Evergy from $68.00 to $67.00 and set a “neutral” rating for the company in a report on Friday, October 18th. Finally, SunTrust Banks boosted their price objective on Evergy from $66.00 to $67.00 and gave the company a “buy” rating in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Evergy presently has a consensus rating of “Hold” and a consensus target price of $66.29.
Westar Energy, Inc engages in the generation, transmission and distribution of electricity in Kansas. It provides electricity to residential, commercial, and industrial customers in the cities of Topeka, Lawrence, Manhattan, Salina, and Hutchinson. The company was founded in 1924 and is headquartered in Topeka, KS.
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