B. Riley Wealth Advisors Inc. Acquires Shares of 8,478 Evergy Inc. $EVRG

B. Riley Wealth Advisors Inc. acquired a new stake in shares of Evergy Inc. (NASDAQ:EVRG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 8,478 shares of the company’s stock, valued at approximately $584,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisory Services Network LLC increased its holdings in Evergy by 85.6% during the 2nd quarter. Advisory Services Network LLC now owns 18,821 shares of the company’s stock worth $1,333,000 after purchasing an additional 8,682 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Evergy by 8.3% during the second quarter. Geneos Wealth Management Inc. now owns 4,250 shares of the company’s stock valued at $293,000 after buying an additional 325 shares in the last quarter. CYBER HORNET ETFs LLC bought a new position in Evergy during the 2nd quarter worth approximately $42,000. Evergreen Capital Management LLC increased its holdings in shares of Evergy by 5.3% in the 2nd quarter. Evergreen Capital Management LLC now owns 9,070 shares of the company’s stock valued at $625,000 after acquiring an additional 460 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its position in shares of Evergy by 1.2% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 112,579 shares of the company’s stock valued at $7,766,000 after buying an additional 1,334 shares during the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Price Performance

Shares of NASDAQ:EVRG opened at $73.28 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.52 and a quick ratio of 0.30. The stock has a market capitalization of $16.87 billion, a P/E ratio of 20.08, a P/E/G ratio of 3.21 and a beta of 0.65. The business has a 50-day moving average of $76.39 and a two-hundred day moving average of $72.67. Evergy Inc. has a fifty-two week low of $59.67 and a fifty-two week high of $79.32.

Evergy (NASDAQ:EVRG) last released its quarterly earnings results on Wednesday, November 5th. The company reported $2.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.11). The firm had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $2.24 billion. Evergy had a net margin of 14.45% and a return on equity of 8.66%. The firm’s revenue was down .1% on a year-over-year basis. During the same quarter last year, the company earned $2.02 earnings per share. On average, equities research analysts predict that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, November 21st will be given a $0.695 dividend. This represents a $2.78 dividend on an annualized basis and a yield of 3.8%. This is a positive change from Evergy’s previous quarterly dividend of $0.67. The ex-dividend date is Friday, November 21st. Evergy’s dividend payout ratio (DPR) is currently 76.16%.

Wall Street Analyst Weigh In

EVRG has been the topic of several recent analyst reports. Barclays reaffirmed an “outperform” rating on shares of Evergy in a research note on Thursday, October 9th. Weiss Ratings reiterated a “buy (b)” rating on shares of Evergy in a research report on Thursday, December 4th. Citigroup raised their target price on shares of Evergy from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Wells Fargo & Company upgraded shares of Evergy to a “hold” rating in a report on Tuesday, October 28th. Finally, Royal Bank Of Canada upgraded shares of Evergy to a “moderate buy” rating in a research report on Tuesday, October 28th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $80.72.

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.