9,141 Shares in Evergy Inc. $EVRG Bought by S&A Financial Services Inc.

S&A Financial Services Inc. bought a new position in shares of Evergy Inc. (NASDAQ:EVRG) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 9,141 shares of the company’s stock, valued at approximately $749,000.

Several other large investors also recently modified their holdings of EVRG. MidFirst Bank acquired a new stake in Evergy during the 4th quarter worth approximately $25,000. Harbor Capital Advisors Inc. bought a new position in Evergy during the 4th quarter worth about $27,000. Prosperity Bancshares Inc acquired a new stake in shares of Evergy in the fourth quarter valued at approximately $32,000. Triumph Capital Management increased its position in shares of Evergy by 104.8% in the fourth quarter. Triumph Capital Management now owns 508 shares of the company’s stock valued at $37,000 after acquiring an additional 260 shares during the last quarter. Finally, Transamerica Financial Advisors LLC raised its position in Evergy by 163.2% during the fourth quarter. Transamerica Financial Advisors LLC now owns 529 shares of the company’s stock worth $38,000 after acquiring an additional 328 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Evergy

In other news, Director Sandra Aj Lawrence sold 761 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $83.31, for a total value of $63,398.91. Following the completion of the transaction, the director directly owned 1,680 shares in the company, valued at approximately $139,960.80. This represents a 31.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Charles A. Caisley sold 10,787 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $83.46, for a total value of $900,283.02. Following the sale, the executive vice president directly owned 37,789 shares in the company, valued at approximately $3,153,869.94. This trade represents a 22.21% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 12,748 shares of company stock valued at $1,061,870 over the last quarter. Company insiders own 1.52% of the company’s stock.

Evergy Stock Performance

EVRG opened at $83.01 on Monday. The company has a market cap of $19.13 billion, a P/E ratio of 22.02, a PEG ratio of 2.15 and a beta of 0.54. The company has a current ratio of 0.45, a quick ratio of 0.24 and a debt-to-equity ratio of 1.29. The company’s 50 day moving average is $84.61 and its 200-day moving average is $82.13. Evergy Inc. has a 1-year low of $69.54 and a 1-year high of $88.62.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.06. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Evergy had a net margin of 14.63% and a return on equity of 9.09%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 EPS. Equities research analysts predict that Evergy Inc. will post 4.25 earnings per share for the current fiscal year.

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.695 per share. The ex-dividend date was Friday, May 22nd. This represents a $2.78 annualized dividend and a dividend yield of 3.3%. Evergy’s dividend payout ratio is 73.74%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Weiss Ratings upgraded Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Barclays raised their price objective on Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 30th. UBS Group upped their target price on Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. BMO Capital Markets increased their target price on Evergy from $88.00 to $92.00 and gave the stock an “outperform” rating in a report on Wednesday, July 22nd. Finally, Bank of America reduced their price objective on shares of Evergy from $89.00 to $88.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $90.60.

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.