Atomi Financial Group Inc. Buys 844 Shares of Evergy, Inc. (NASDAQ:EVRG)

Atomi Financial Group Inc. increased its stake in Evergy, Inc. (NASDAQ:EVRGFree Report) by 13.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,089 shares of the company’s stock after buying an additional 844 shares during the period. Atomi Financial Group Inc.’s holdings in Evergy were worth $436,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Truvestments Capital LLC purchased a new position in shares of Evergy in the 3rd quarter valued at approximately $32,000. Hexagon Capital Partners LLC boosted its holdings in shares of Evergy by 47.1% during the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after buying an additional 170 shares in the last quarter. Sentry Investment Management LLC purchased a new stake in shares of Evergy in the 3rd quarter worth about $51,000. USA Financial Formulas bought a new position in shares of Evergy in the 4th quarter worth about $73,000. Finally, Venturi Wealth Management LLC lifted its position in Evergy by 230.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company’s stock valued at $86,000 after acquiring an additional 966 shares during the period. 87.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on EVRG shares. Mizuho began coverage on shares of Evergy in a report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price objective on the stock. Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a research report on Thursday. Barclays dropped their target price on Evergy from $67.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. Wells Fargo & Company lifted their price target on Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Finally, LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and increased their price objective for the company from $59.00 to $68.50 in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $65.79.

View Our Latest Report on Evergy

Insider Activity

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the sale, the executive vice president now owns 1 shares in the company, valued at approximately $62.93. This trade represents a 100.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.47% of the company’s stock.

Evergy Trading Up 0.7 %

Shares of EVRG stock opened at $63.52 on Friday. The stock has a market capitalization of $14.61 billion, a P/E ratio of 17.17, a P/E/G ratio of 2.75 and a beta of 0.64. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The firm’s 50 day moving average is $62.45 and its 200 day moving average is $60.53. Evergy, Inc. has a 12-month low of $48.04 and a 12-month high of $65.47.

Evergy (NASDAQ:EVRGGet Free Report) last announced its earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.07. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same period in the previous year, the business posted $1.88 earnings per share. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. Research analysts expect that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, November 21st were paid a $0.6675 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.67 annualized dividend and a dividend yield of 4.20%. This is an increase from Evergy’s previous quarterly dividend of $0.64. Evergy’s dividend payout ratio (DPR) is 72.16%.

Evergy Profile

(Free Report)

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities.

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Institutional Ownership by Quarter for Evergy (NASDAQ:EVRG)

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