Evergy Inc. $EVRG Stock Position Lessened by Dakota Wealth Management

Dakota Wealth Management reduced its stake in shares of Evergy Inc. (NASDAQ:EVRG) by 53.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,188 shares of the company’s stock after selling 19,561 shares during the quarter. Dakota Wealth Management’s holdings in Evergy were worth $1,307,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of EVRG. AlphaCore Capital LLC acquired a new position in Evergy during the 2nd quarter valued at about $33,000. Sentry Investment Management LLC bought a new position in shares of Evergy in the third quarter valued at approximately $41,000. CYBER HORNET ETFs LLC acquired a new position in shares of Evergy during the second quarter valued at approximately $42,000. Root Financial Partners LLC acquired a new position in shares of Evergy during the third quarter valued at approximately $44,000. Finally, MUFG Securities EMEA plc bought a new stake in Evergy during the second quarter worth approximately $47,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Insiders Place Their Bets

In other Evergy news, Director Ann D. Murtlow sold 2,847 shares of Evergy stock in a transaction that occurred on Wednesday, February 25th. The shares were sold at an average price of $82.34, for a total transaction of $234,421.98. Following the transaction, the director directly owned 2,311 shares in the company, valued at approximately $190,287.74. The trade was a 55.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.42% of the company’s stock.

Evergy Trading Up 0.4%

NASDAQ:EVRG opened at $82.80 on Thursday. The stock has a fifty day simple moving average of $76.26 and a 200 day simple moving average of $75.28. The firm has a market capitalization of $19.07 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 3.27 and a beta of 0.66. Evergy Inc. has a 1-year low of $61.94 and a 1-year high of $83.19. The company has a quick ratio of 0.27, a current ratio of 0.49 and a debt-to-equity ratio of 1.27.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings data on Saturday, January 31st. The company reported $0.42 EPS for the quarter. Evergy had a net margin of 14.35% and a return on equity of 8.79%. Sell-side analysts forecast that Evergy Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, March 10th will be paid a $0.695 dividend. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a $2.78 dividend on an annualized basis and a yield of 3.4%. Evergy’s dividend payout ratio (DPR) is currently 75.75%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on EVRG shares. Wall Street Zen raised Evergy from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Evergy in a research note on Monday, December 29th. Barclays lifted their target price on Evergy from $80.00 to $82.00 and gave the stock an “overweight” rating in a report on Thursday, January 22nd. Citigroup upped their price target on shares of Evergy from $89.00 to $95.00 and gave the company a “buy” rating in a report on Friday, February 20th. Finally, UBS Group lowered shares of Evergy from a “buy” rating to a “neutral” rating and raised their price objective for the company from $86.00 to $88.00 in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $86.88.

Evergy Profile

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.