Evergy, Inc. (NYSE:EVRG) Shares Sold by Ledyard National Bank

Ledyard National Bank lessened its stake in shares of Evergy, Inc. (NYSE:EVRG) by 4.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 66,553 shares of the company’s stock after selling 3,109 shares during the quarter. Ledyard National Bank’s holdings in Evergy were worth $4,127,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Evergy by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 31,046,328 shares of the company’s stock worth $1,657,253,000 after buying an additional 288,913 shares in the last quarter. Millennium Management LLC raised its holdings in shares of Evergy by 38.6% in the 2nd quarter. Millennium Management LLC now owns 3,683,000 shares of the company’s stock worth $195,089,000 after purchasing an additional 1,026,374 shares in the last quarter. Federated Hermes Inc. lifted its stake in Evergy by 18.8% during the second quarter. Federated Hermes Inc. now owns 3,490,674 shares of the company’s stock valued at $184,901,000 after purchasing an additional 552,455 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Evergy by 5.3% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,686,541 shares of the company’s stock valued at $141,787,000 after buying an additional 134,236 shares in the last quarter. Finally, Zimmer Partners LP grew its holdings in shares of Evergy by 781.4% in the 1st quarter. Zimmer Partners LP now owns 2,326,385 shares of the company’s stock worth $124,182,000 after acquiring an additional 2,062,434 shares during the last quarter. Institutional investors own 87.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on EVRG. Jefferies Financial Group assumed coverage on Evergy in a report on Thursday, September 19th. They set a “buy” rating and a $70.00 price objective on the stock. UBS Group upgraded shares of Evergy to a “hold” rating in a research report on Wednesday, September 18th. Barclays lowered their price objective on shares of Evergy from $67.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, Wells Fargo & Company lifted their price target on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Evergy presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.14.

Evergy Stock Performance

Shares of NYSE EVRG opened at $61.20 on Tuesday. The business’s 50-day simple moving average is $60.17 and its 200-day simple moving average is $56.25. Evergy, Inc. has a 52 week low of $47.46 and a 52 week high of $62.58. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.35 and a current ratio of 0.59. The firm has a market cap of $14.07 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 2.65 and a beta of 0.62.

Evergy (NYSE:EVRG) last issued its quarterly earnings data on Friday, August 9th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. The business had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Evergy had a net margin of 13.12% and a return on equity of 8.50%. During the same period in the previous year, the company earned $0.81 earnings per share. As a group, equities research analysts expect that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, August 20th were issued a $0.6425 dividend. This represents a $2.57 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend was Tuesday, August 20th. Evergy’s dividend payout ratio (DPR) is currently 83.17%.

Insiders Place Their Bets

In other news, Director Ann D. Murtlow sold 3,301 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $58.85, for a total value of $194,263.85. Following the completion of the sale, the director now directly owns 2,847 shares of the company’s stock, valued at approximately $167,545.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Ann D. Murtlow sold 3,301 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $58.85, for a total transaction of $194,263.85. Following the completion of the transaction, the director now owns 2,847 shares of the company’s stock, valued at approximately $167,545.95. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Heather A. Humphrey sold 3,347 shares of Evergy stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $58.80, for a total value of $196,803.60. Following the sale, the senior vice president now directly owns 35,314 shares in the company, valued at approximately $2,076,463.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,884 shares of company stock valued at $941,810 in the last three months. Company insiders own 0.47% 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.