Evergy, Inc. (NASDAQ:EVRG) Shares Acquired by IHT Wealth Management LLC

IHT Wealth Management LLC lifted its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 50.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,874 shares of the company’s stock after buying an additional 3,307 shares during the period. IHT Wealth Management LLC’s holdings in Evergy were worth $611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Fairscale Capital LLC acquired a new stake in Evergy in the 2nd quarter valued at approximately $27,000. Truvestments Capital LLC acquired a new stake in Evergy in the 3rd quarter valued at approximately $32,000. Hexagon Capital Partners LLC increased its holdings in Evergy by 47.1% in the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after purchasing an additional 170 shares during the last quarter. Rothschild Investment LLC acquired a new stake in Evergy in the 2nd quarter valued at approximately $37,000. Finally, Hantz Financial Services Inc. acquired a new stake in Evergy in the 2nd quarter valued at approximately $41,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Insider Transactions at Evergy

In other news, EVP Kevin E. Bryant sold 48,141 shares of Evergy stock in a transaction 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 completion of the sale, the executive vice president now directly owns 1 shares of the company’s stock, valued at approximately $62.93. The trade was a 100.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. UBS Group upgraded shares of Evergy to a “hold” rating in a report on Wednesday, September 18th. Wells Fargo & Company lifted their target price on shares of Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Jefferies Financial Group initiated coverage on shares of Evergy in a research report on Thursday, September 19th. They issued a “buy” rating and a $70.00 price target for the company. Mizuho initiated coverage on shares of Evergy in a research report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price target for the company. Finally, Barclays decreased their price target on shares of 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. According to data from MarketBeat, Evergy currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.88.

Evergy Price Performance

Evergy stock opened at $62.96 on Friday. The stock has a market cap of $14.48 billion, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 2.81 and a beta of 0.64. The company has a fifty day simple moving average of $61.97 and a 200-day simple moving average of $58.49. Evergy, Inc. has a 12-month low of $48.04 and a 12-month high of $65.47. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.07. The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $2.35 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.88 EPS. Equities analysts expect that Evergy, Inc. will post 3.85 EPS for the current fiscal year.

Evergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.6675 per share. This is a boost from Evergy’s previous quarterly dividend of $0.64. This represents a $2.67 annualized dividend and a dividend yield of 4.24%. The ex-dividend date is Thursday, November 21st. Evergy’s payout ratio is 72.16%.

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.