Jonathan Rolph Buys 1,640 Shares of Evergy (NASDAQ:EVRG) Stock

Evergy Inc. (NASDAQ:EVRG) Director Jonathan Rolph acquired 1,640 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The stock was acquired at an average price of $81.47 per share, for a total transaction of $133,610.80. Following the completion of the acquisition, the director directly owned 670 shares of the company’s stock, valued at $54,584.90. This trade represents a -169.07% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

Evergy Price Performance

Shares of EVRG stock opened at $80.39 on Thursday. The firm’s 50 day moving average price is $83.27 and its two-hundred day moving average price is $83.01. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.21 and a current ratio of 0.36. Evergy Inc. has a 52-week low of $71.20 and a 52-week high of $88.62. The stock has a market cap of $18.54 billion, a PE ratio of 20.40, a PEG ratio of 2.08 and a beta of 0.53.

Evergy (NASDAQ:EVRG) last issued its earnings results on Wednesday, August 5th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.81 by $0.07. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Evergy had a net margin of 15.19% and a return on equity of 9.20%. During the same quarter in the previous year, the company posted $0.82 EPS. As a group, analysts forecast that Evergy Inc. will post 4.25 EPS for the current year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 18th will be issued a $0.695 dividend. This represents a $2.78 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, August 18th. Evergy’s dividend payout ratio is currently 70.56%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EVRG. BMO Capital Markets raised 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Evergy in a research note on Friday, August 7th. BTIG Research set a $97.00 price target on shares of Evergy in a research report on Thursday, July 23rd. Barclays lifted their price objective on shares of Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 30th. Finally, Citigroup boosted their price objective on shares of Evergy from $95.00 to $97.00 and gave the company a “buy” rating in a report on Friday, July 24th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $90.60.

Institutional Trading of Evergy

Hedge funds have recently added to or reduced their stakes in the business. MidFirst Bank acquired a new stake in shares of Evergy during the fourth quarter worth about $25,000. Knuff & Co LLC acquired a new position in shares of Evergy in the 2nd quarter valued at approximately $30,000. Burk Holdings LLC bought a new stake in Evergy during the 2nd quarter worth approximately $31,000. Clearstead Trust LLC bought a new stake in Evergy during the 2nd quarter worth approximately $33,000. Finally, Fiduciary Financial Advisors acquired a new stake in Evergy during the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

About Evergy

Evergy, Inc is an investor-owned electric utility that generates, transmits, distributes and sells electricity to residential, commercial, industrial and other customers. The company operates regulated utilities and provides electric service through its Kansas and Missouri subsidiaries.

Evergy serves customers across much of Kansas and in western Missouri, including the Kansas City metropolitan area. Its generation portfolio includes a mix of renewable and conventional resources, such as wind, solar, natural gas and coal, as well as an ownership interest in the Wolf Creek nuclear generating station in Kansas.

The company was formed in 2018 through the merger of Great Plains Energy Incorporated and Westar Energy, Inc Evergy is headquartered in Topeka, Kansas, with significant operations in the Kansas City region.