Evergy, Inc. (NYSE:EVRG) Shares Sold by Community Bank of Raymore

Community Bank of Raymore trimmed its position in shares of Evergy, Inc. (NYSE:EVRG) by 5.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,757 shares of the company’s stock after selling 1,794 shares during the period. Evergy comprises about 1.4% of Community Bank of Raymore’s portfolio, making the stock its 24th biggest position. Community Bank of Raymore’s holdings in Evergy were worth $1,845,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC lifted its holdings in Evergy by 47.1% during the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock worth $33,000 after buying an additional 170 shares during the last quarter. GPS Wealth Strategies Group LLC boosted its holdings in Evergy by 12.3% in the second quarter. GPS Wealth Strategies Group LLC now owns 1,705 shares of the company’s stock valued at $90,000 after purchasing an additional 187 shares in the last quarter. Wealthspire Advisors LLC increased its stake in Evergy by 1.0% in the first quarter. Wealthspire Advisors LLC now owns 19,009 shares of the company’s stock valued at $1,015,000 after purchasing an additional 192 shares during the last quarter. Blue Trust Inc. raised its holdings in Evergy by 16.3% during the second quarter. Blue Trust Inc. now owns 1,483 shares of the company’s stock worth $79,000 after purchasing an additional 208 shares in the last quarter. Finally, Keeley Teton Advisors LLC lifted its position in shares of Evergy by 0.6% during the 1st quarter. Keeley Teton Advisors LLC now owns 37,950 shares of the company’s stock worth $2,026,000 after buying an additional 210 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Insider Transactions at Evergy

In other Evergy news, SVP Charles A. Caisley sold 9,236 shares of Evergy stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $59.63, for a total value of $550,742.68. Following the sale, the senior vice president now owns 33,425 shares of the company’s stock, valued at approximately $1,993,132.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Ann D. Murtlow sold 3,301 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total value of $194,263.85. Following the completion of the transaction, the director now owns 2,847 shares in the company, valued at $167,545.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Charles A. Caisley sold 9,236 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $59.63, for a total transaction of $550,742.68. Following the sale, the senior vice president now directly owns 33,425 shares in the company, valued at approximately $1,993,132.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,884 shares of company stock worth $941,810. Company insiders own 0.47% of the company’s stock.

Evergy Price Performance

Shares of NYSE:EVRG opened at $61.15 on Thursday. Evergy, Inc. has a one year low of $47.46 and a one year high of $62.58. The stock has a market capitalization of $14.06 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.65 and a beta of 0.62. The company has a 50-day simple moving average of $60.03 and a 200-day simple moving average of $56.05. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.35 and a current ratio of 0.59.

Evergy (NYSE:EVRG) last posted its quarterly earnings data on Friday, August 9th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Evergy had a return on equity of 8.50% and a net margin of 13.12%. During the same period last year, the firm earned $0.81 EPS. On average, analysts predict that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, August 20th were given a dividend of $0.6425 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $2.57 dividend on an annualized basis and a yield of 4.20%. Evergy’s payout ratio is currently 83.17%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on EVRG. Wells Fargo & Company increased their target price on shares of Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday. Jefferies Financial Group started coverage on Evergy in a report on Thursday, September 19th. They set a “buy” rating and a $70.00 price objective on the stock. UBS Group raised Evergy to a “hold” rating in a report on Wednesday, September 18th. Finally, Barclays upped their target price on Evergy from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.00.

About Evergy

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.