WESPAC Advisors LLC Sells 9,852 Shares of Evergy Inc. $EVRG

WESPAC Advisors LLC lessened its holdings in Evergy Inc. (NASDAQ:EVRG) by 72.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,749 shares of the company’s stock after selling 9,852 shares during the quarter. WESPAC Advisors LLC’s holdings in Evergy were worth $272,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Accredited Wealth Management LLC raised its stake in Evergy by 1,310.3% during the third quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock worth $31,000 after acquiring an additional 380 shares in the last quarter. Sentry Investment Management LLC bought a new stake in shares of Evergy during the 3rd quarter valued at approximately $41,000. CYBER HORNET ETFs LLC acquired a new position in Evergy during the 2nd quarter worth approximately $42,000. Root Financial Partners LLC bought a new position in Evergy in the 3rd quarter valued at approximately $44,000. Finally, CoreCap Advisors LLC boosted its position in Evergy by 60.5% in the fourth quarter. CoreCap Advisors LLC now owns 613 shares of the company’s stock valued at $44,000 after buying an additional 231 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Price Performance

EVRG stock opened at $80.85 on Monday. The stock’s 50 day simple moving average is $80.09 and its 200 day simple moving average is $76.87. Evergy Inc. has a fifty-two week low of $61.94 and a fifty-two week high of $85.23. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.27 and a current ratio of 0.49. The company has a market cap of $18.62 billion, a P/E ratio of 22.03, a price-to-earnings-growth ratio of 2.09 and a beta of 0.65.

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

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 10th were issued a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Tuesday, March 10th. Evergy’s dividend payout ratio (DPR) is 75.75%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EVRG. Barclays upped their target price on Evergy from $82.00 to $89.00 and gave the stock an “overweight” rating in a report on Monday, March 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Evergy in a report on Monday, December 29th. Citigroup raised their price target on shares of Evergy from $89.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Wells Fargo & Company boosted their price objective on shares of Evergy from $79.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. Finally, BMO Capital Markets increased their price objective on Evergy from $82.00 to $87.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.75.

Insiders Place Their Bets

In other Evergy news, SVP Charles L. King sold 2,440 shares of the company’s stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $82.19, for a total value of $200,543.60. Following the completion of the transaction, the senior vice president owned 18,359 shares in the company, valued at $1,508,926.21. This represents a 11.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ann D. Murtlow sold 2,847 shares of the firm’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $82.34, for a total value of $234,421.98. Following the sale, the director directly owned 2,311 shares of the company’s stock, valued at approximately $190,287.74. This represents a 55.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 8,937 shares of company stock valued at $736,492. Insiders own 1.42% of the company’s stock.

Evergy Company 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.