Picton Mahoney Asset Management Makes New $162,000 Investment in Evergy, Inc. (NYSE:EVRG)

Picton Mahoney Asset Management bought a new stake in shares of Evergy, Inc. (NYSE:EVRG) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,061 shares of the company’s stock, valued at approximately $162,000.

Other large investors have also recently modified their holdings of the company. Fidelis Capital Partners LLC bought a new stake in shares of Evergy during the 1st quarter valued at $32,000. Toth Financial Advisory Corp grew its stake in shares of Evergy by 199.5% in the first quarter. Toth Financial Advisory Corp now owns 635 shares of the company’s stock worth $34,000 after acquiring an additional 423 shares during the last quarter. Rothschild Investment LLC bought a new position in shares of Evergy during the second quarter valued at $37,000. Hantz Financial Services Inc. purchased a new position in shares of Evergy in the 2nd quarter worth about $41,000. Finally, Northwest Financial Advisors bought a new position in Evergy in the 4th quarter worth about $42,000. Institutional investors own 87.24% of the company’s stock.

Evergy Trading Up 0.7 %

Shares of Evergy stock opened at $59.14 on Monday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.59 and a quick ratio of 0.35. The stock has a market capitalization of $13.60 billion, a PE ratio of 19.14, a P/E/G ratio of 3.07 and a beta of 0.60. Evergy, Inc. has a 1-year low of $46.92 and a 1-year high of $61.14. The company’s fifty day simple moving average is $56.40 and its 200-day simple moving average is $53.83.

Evergy (NYSE:EVRG) last posted its quarterly earnings data on Friday, August 9th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.32 billion. During the same period in the previous year, the firm earned $0.81 EPS. As a group, equities analysts anticipate that Evergy, Inc. will post 3.85 earnings per share for the current year.

Evergy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, August 20th will be paid a $0.6425 dividend. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date is Tuesday, August 20th. Evergy’s dividend payout ratio (DPR) is 83.17%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Evergy news, SVP Heather A. Humphrey sold 3,347 shares of the 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 transaction, 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 can be accessed through the SEC website. In other news, SVP Heather A. Humphrey sold 3,347 shares of the company’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 35,314 shares of the company’s stock, valued at approximately $2,076,463.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ann D. Murtlow sold 3,301 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total value of $194,263.85. Following the transaction, the director now owns 2,847 shares of the company’s stock, valued at $167,545.95. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by company insiders.

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.