6,727 Shares in Evergy Inc. $EVRG Purchased by Vise Technologies Inc.

Vise Technologies Inc. purchased a new stake in Evergy Inc. (NASDAQ:EVRG) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 6,727 shares of the company’s stock, valued at approximately $464,000.

A number of other hedge funds also recently modified their holdings of the company. Clearstead Trust LLC acquired a new stake in shares of Evergy during the 1st quarter worth approximately $32,000. Cary Street Partners Investment Advisory LLC bought a new position in Evergy in the first quarter worth $34,000. Investment Management Corp VA ADV lifted its position in Evergy by 168.4% in the first quarter. Investment Management Corp VA ADV now owns 569 shares of the company’s stock worth $39,000 after purchasing an additional 357 shares during the period. Bfsg LLC boosted its stake in Evergy by 82.2% during the second quarter. Bfsg LLC now owns 665 shares of the company’s stock worth $46,000 after buying an additional 300 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new stake in Evergy in the 2nd quarter valued at $48,000. Institutional investors own 87.24% of the company’s stock.

Analysts Set New Price Targets

EVRG has been the subject of a number of analyst reports. Jefferies Financial Group raised their price objective on shares of Evergy from $77.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Wall Street Zen upgraded shares of Evergy from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Barclays reaffirmed an “outperform” rating on shares of Evergy in a report on Thursday, October 9th. Royal Bank Of Canada raised Evergy to a “moderate buy” rating in a report on Tuesday, October 28th. Finally, Citigroup boosted their price target on Evergy from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $80.72.

Evergy Price Performance

Shares of Evergy stock opened at $76.47 on Friday. The stock has a market capitalization of $17.60 billion, a price-to-earnings ratio of 21.01, a P/E/G ratio of 3.56 and a beta of 0.61. The firm’s 50-day moving average price is $75.71 and its two-hundred day moving average price is $71.36. The company has a current ratio of 0.50, a quick ratio of 0.27 and a debt-to-equity ratio of 1.24. Evergy Inc. has a 1-year low of $59.67 and a 1-year high of $79.32.

Evergy (NASDAQ:EVRG) last announced its earnings results on Wednesday, November 5th. The company reported $2.03 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.11). The business had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.24 billion. Evergy had a return on equity of 8.62% and a net margin of 14.29%.The firm’s revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.02 earnings per share. On average, equities analysts predict that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.695 per share. The ex-dividend date is Friday, November 21st. This is a boost from Evergy’s previous quarterly dividend of $0.67. This represents a $2.78 annualized dividend and a dividend yield of 3.6%. Evergy’s dividend payout ratio (DPR) is currently 76.16%.

Insider Activity at Evergy

In other news, SVP Lesley Lissette Elwell sold 8,000 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $72.33, for a total value of $578,640.00. Following the completion of the sale, the senior vice president directly owned 499 shares in the company, valued at approximately $36,092.67. This trade represents a 94.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.42% of the company’s stock.

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.