Louisiana State Employees Retirement System Sells 400 Shares of Evergy, Inc. (NYSE:EVRG)

Louisiana State Employees Retirement System trimmed its stake in Evergy, Inc. (NYSE:EVRG) by 3.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,000 shares of the company’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Evergy were worth $689,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of EVRG. Manning & Napier Advisors LLC purchased a new position in shares of Evergy in the second quarter worth $112,464,000. OLD Republic International Corp increased its stake in shares of Evergy by 31.7% in the fourth quarter. OLD Republic International Corp now owns 830,246 shares of the company’s stock worth $43,339,000 after buying an additional 200,000 shares during the period. Wedge Capital Management L L P NC increased its position in 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 valued at $13,790,000 after purchasing an additional 19,193 shares during the period. State Board of Administration of Florida Retirement System increased its position in 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 valued at $16,892,000 after purchasing an additional 31,985 shares during the period. Finally, APG Asset Management US Inc. purchased a new position in Evergy during the 4th quarter valued at $2,057,000. 87.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on EVRG shares. Barclays boosted their price objective on shares of Evergy from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. Wells Fargo & Company boosted their price objective on shares of Evergy from $57.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $58.33.

Insider Buying and Selling at Evergy

In other Evergy news, Director Ann D. Murtlow sold 3,301 shares of the company’s 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 transaction, the director now owns 2,847 shares in the company, valued at approximately $167,545.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Heather A. Humphrey sold 3,347 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $58.80, for a total transaction of $196,803.60. Following the completion of the sale, the senior vice president now owns 35,314 shares of the company’s stock, valued at approximately $2,076,463.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann D. Murtlow sold 3,301 shares of the company’s 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 sale, the director now directly owns 2,847 shares of the company’s stock, valued at approximately $167,545.95. The disclosure for this sale can be found here. Company insiders own 0.47% of the company’s stock.

Evergy Stock Up 0.7 %

NYSE:EVRG opened at $59.14 on Friday. The firm’s 50-day moving average price is $56.40 and its 200-day moving average price is $53.77. The company has a market capitalization of $13.60 billion, a PE ratio of 19.14, a P/E/G ratio of 3.11 and a beta of 0.60. 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.

Evergy (NYSE:EVRG) last announced its quarterly earnings results on Friday, August 9th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.32 billion. Evergy had a net margin of 12.84% and a return on equity of 8.32%. During the same quarter in the previous year, the business posted $0.81 EPS. On average, equities analysts predict that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Tuesday, August 20th will be paid a dividend of $0.6425 per share. This represents a $2.57 annualized dividend and a yield of 4.35%. The ex-dividend date is Tuesday, August 20th. Evergy’s dividend payout ratio is currently 83.17%.

Evergy 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.