Evergy, Inc. (NYSE:EVRG) Shares Sold by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. decreased its position in shares of Evergy, Inc. (NYSE:EVRG) by 41.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,738 shares of the company’s stock after selling 5,380 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Evergy were worth $410,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in EVRG. Point72 Asset Management L.P. increased its position in Evergy by 1,038.7% during the fourth quarter. Point72 Asset Management L.P. now owns 3,612,200 shares of the company’s stock worth $188,557,000 after buying an additional 3,294,967 shares during the period. Manning & Napier Advisors LLC acquired a new position in Evergy during the 2nd quarter worth approximately $112,464,000. Zimmer Partners LP raised its stake in shares of Evergy by 781.4% during the 1st quarter. Zimmer Partners LP now owns 2,326,385 shares of the company’s stock worth $124,182,000 after buying an additional 2,062,434 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of Evergy in the 4th quarter valued at approximately $89,832,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Evergy by 4.8% in the 4th quarter. Vanguard Group Inc. now owns 30,757,415 shares of the company’s stock valued at $1,605,537,000 after buying an additional 1,399,199 shares during the period. 87.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

EVRG has been the topic of a number of recent analyst reports. Wells Fargo & Company upped their price target on shares of Evergy from $57.00 to $62.00 and gave the stock an “overweight” rating in a research note on Friday, May 10th. Barclays raised their price objective on Evergy from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $58.33.

Evergy Trading Up 0.8 %

Shares of EVRG opened at $58.34 on Thursday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.57 and a quick ratio of 0.32. Evergy, Inc. has a 1-year low of $46.92 and a 1-year high of $61.14. The stock has a market cap of $13.41 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 3.11 and a beta of 0.60. The firm has a 50 day simple moving average of $55.45 and a 200-day simple moving average of $53.31.

Evergy (NYSE:EVRG) last released its quarterly 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 8.32% and a net margin of 12.84%. The company had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the business posted $0.81 earnings per share. Equities analysts forecast that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Tuesday, August 20th will be paid a $0.6425 dividend. This represents a $2.57 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend is Tuesday, August 20th. Evergy’s payout ratio is 83.17%.

Insider Buying and Selling at Evergy

In other news, Director Ann D. Murtlow sold 3,301 shares of Evergy stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total transaction of $194,263.85. Following the completion of the sale, the director now directly owns 2,847 shares in the company, valued at $167,545.95. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.47% of the stock is owned by insiders.

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.