Heather Humphrey Sells 3,650 Shares of Evergy (NASDAQ:EVRG) Stock

Evergy Inc. (NASDAQ:EVRG) SVP Heather Humphrey sold 3,650 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $82.61, for a total value of $301,526.50. Following the transaction, the senior vice president directly owned 44,007 shares of the company’s stock, valued at $3,635,418.27. The trade was a 7.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Evergy Price Performance

Shares of EVRG stock opened at $81.74 on Friday. The firm has a market cap of $18.82 billion, a P/E ratio of 22.27, a P/E/G ratio of 3.21 and a beta of 0.65. Evergy Inc. has a fifty-two week low of $61.94 and a fifty-two week high of $85.23. The business’s 50 day moving average price is $78.51 and its 200-day moving average price is $76.07. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.27 and a current ratio of 0.49.

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

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be issued a $0.695 dividend. The ex-dividend date is Tuesday, March 10th. This represents a $2.78 annualized dividend and a yield of 3.4%. Evergy’s dividend payout ratio is 75.75%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of Evergy from $82.00 to $87.00 and gave the company an “outperform” rating in a research note on Monday, February 23rd. Royal Bank Of Canada reissued an “outperform” rating and issued a $91.00 price target on shares of Evergy in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Evergy in a research report on Monday, December 29th. Wells Fargo & Company upped their target price on Evergy from $79.00 to $83.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. Finally, Wall Street Zen raised Evergy from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.75.

Institutional Trading of Evergy

Several institutional investors have recently bought and sold shares of the company. MidFirst Bank bought a new position in shares of Evergy in the fourth quarter worth approximately $25,000. Harbor Capital Advisors Inc. bought a new stake in shares of Evergy during the fourth quarter valued at approximately $27,000. Accredited Wealth Management LLC increased its position in shares of Evergy by 1,310.3% during the third quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock valued at $31,000 after acquiring an additional 380 shares in the last quarter. Prosperity Bancshares Inc purchased a new position in Evergy in the 4th quarter worth approximately $32,000. Finally, AlphaCore Capital LLC purchased a new position in Evergy in the 2nd quarter worth approximately $33,000. 87.24% of the stock is owned by hedge funds and other institutional investors.

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.