Evergy, Inc. (NYSE:EVRG) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC boosted its stake in Evergy, Inc. (NYSE:EVRG – Get Rating) by 139.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,214 shares of the company’s stock after purchasing an additional 36,816 shares during the period. HighTower Advisors LLC’s holdings in Evergy were worth $3,988,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in EVRG. PNC Financial Services Group Inc. increased its holdings in Evergy by 1.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,198 shares of the company’s stock valued at $969,000 after purchasing an additional 179 shares in the last quarter. Cibc World Market Inc. grew its stake in shares of Evergy by 25.8% during the first quarter. Cibc World Market Inc. now owns 5,924 shares of the company’s stock valued at $405,000 after acquiring an additional 1,214 shares in the last quarter. Blair William & Co. IL grew its stake in shares of Evergy by 5.5% during the first quarter. Blair William & Co. IL now owns 12,622 shares of the company’s stock valued at $863,000 after acquiring an additional 657 shares in the last quarter. Sei Investments Co. grew its stake in shares of Evergy by 28.4% during the first quarter. Sei Investments Co. now owns 322,941 shares of the company’s stock valued at $22,058,000 after acquiring an additional 71,345 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its stake in shares of Evergy by 1,332.5% during the first quarter. Canada Pension Plan Investment Board now owns 374,061 shares of the company’s stock valued at $25,563,000 after acquiring an additional 347,949 shares in the last quarter. 83.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on EVRG. TheStreet downgraded Evergy from a “b” rating to a “c+” rating in a research note on Thursday, February 23rd. Wells Fargo & Company lowered their target price on Evergy from $69.00 to $66.00 and set an “equal weight” rating for the company in a research note on Monday, January 30th. Finally, Bank of America raised their target price on Evergy from $55.00 to $59.00 and gave the company an “underperform” rating in a research note on Friday, April 14th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $62.20.

Evergy Stock Up 0.1 %

NYSE:EVRG opened at $59.28 on Friday. The company has a market capitalization of $13.62 billion, a price-to-earnings ratio of 17.70, a price-to-earnings-growth ratio of 3.17 and a beta of 0.50. Evergy, Inc. has a one year low of $54.12 and a one year high of $71.58. The stock has a 50-day simple moving average of $61.26 and a 200 day simple moving average of $61.14. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.31 and a current ratio of 0.52.

Evergy (NYSE:EVRG – Get Rating) last posted its quarterly earnings results on Friday, May 5th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.14 billion. Evergy had a return on equity of 9.13% and a net margin of 13.03%. During the same period last year, the firm earned $0.58 earnings per share. Sell-side analysts predict that Evergy, Inc. will post 3.6 EPS for the current fiscal year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 20th. Shareholders of record on Friday, May 19th will be issued a $0.6125 dividend. The ex-dividend date of this dividend is Thursday, May 18th. This represents a $2.45 dividend on an annualized basis and a yield of 4.13%. Evergy’s dividend payout ratio is currently 73.13%.

Insiders Place Their Bets

In other Evergy news, COO Kevin E. Bryant sold 22,500 shares of the firm’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $59.81, for a total value of $1,345,725.00. Following the transaction, the chief operating officer now owns 32,993 shares of the company’s stock, valued at $1,973,311.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Evergy news, COO Kevin E. Bryant sold 22,500 shares of the firm’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $59.81, for a total value of $1,345,725.00. Following the transaction, the chief operating officer now owns 32,993 shares of the company’s stock, valued at $1,973,311.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sandra Aj Lawrence sold 2,523 shares of the firm’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $62.32, for a total transaction of $157,233.36. Following the completion of the transaction, the director now directly owns 480 shares in the company, valued at approximately $29,913.60. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by corporate insiders.

About Evergy

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Evergy, Inc is a holding company, which engages in the provision of electricity through its subsidiaries. It focuses on the regulation of electric utilities and development of electric transmission projects. The company was founded in 2017 and is headquartered in Kansas City, MO.