Chicago Partners Investment Group LLC Increases Stock Holdings in Evergy, Inc. (NYSE:EVRG)

Chicago Partners Investment Group LLC increased its holdings in shares of Evergy, Inc. (NYSE:EVRG) by 5.4% in the third quarter, Holdings Channel.com reports. The fund owned 7,728 shares of the company’s stock after buying an additional 397 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Evergy were worth $479,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Manning & Napier Advisors LLC bought a new stake in shares of Evergy during the 2nd quarter worth approximately $112,464,000. Wedge Capital Management L L P NC lifted its stake in shares of Evergy by 8.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 260,331 shares of the company’s stock worth $13,790,000 after acquiring an additional 19,193 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in shares of Evergy by 11.2% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 316,455 shares of the company’s stock worth $16,892,000 after acquiring an additional 31,985 shares during the last quarter. Jennison Associates LLC bought a new stake in shares of Evergy during the 1st quarter worth approximately $37,526,000. Finally, Entropy Technologies LP lifted its stake in shares of Evergy by 129.2% during the 1st quarter. Entropy Technologies LP now owns 36,838 shares of the company’s stock worth $1,966,000 after acquiring an additional 20,764 shares during the last quarter. 87.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Jefferies Financial Group started coverage on Evergy in a research note on Thursday, September 19th. They set a “buy” rating and a $70.00 price target for the company. Wells Fargo & Company lifted their target price on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. UBS Group raised Evergy to a “hold” rating in a research report on Wednesday, September 18th. Mizuho started coverage on Evergy in a research report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 target price for the company. Finally, Barclays decreased their target price on Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $61.88.

Evergy Trading Up 0.4 %

Shares of NYSE:EVRG opened at $59.79 on Tuesday. Evergy, Inc. has a 12-month low of $47.97 and a 12-month high of $62.58. The business’s fifty day simple moving average is $60.56 and its 200-day simple moving average is $56.84. The company has a current ratio of 0.59, a quick ratio of 0.35 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $13.75 billion, a PE ratio of 18.63, a P/E/G ratio of 2.69 and a beta of 0.62.

Evergy (NYSE:EVRG) last announced its earnings results on Friday, August 9th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.01. Evergy had a return on equity of 8.50% and a net margin of 13.12%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the business earned $0.81 EPS. As a group, equities research analysts predict that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Tuesday, August 20th were paid a dividend of $0.6425 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $2.57 annualized dividend and a yield of 4.30%. Evergy’s dividend payout ratio (DPR) is 80.06%.

Insider Buying and Selling

In related news, SVP Heather A. Humphrey sold 3,347 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total transaction of $196,803.60. Following the transaction, the senior vice president now directly owns 35,314 shares in the company, valued at $2,076,463.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Evergy news, SVP Heather A. Humphrey sold 3,347 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total transaction of $196,803.60. Following the sale, the senior vice president now owns 35,314 shares in the company, valued at approximately $2,076,463.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ann D. Murtlow sold 3,301 shares of the business’s 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 sale, the director now owns 2,847 shares in the company, valued at approximately $167,545.95. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 15,884 shares of company stock worth $941,810 in the last ninety days. 0.47% of the stock is owned by insiders.

Evergy Company Profile

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.