Trust Co of Kansas Sells 2,000 Shares of Evergy, Inc. (NASDAQ:EVRG)

Trust Co of Kansas decreased its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 26.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,486 shares of the company’s stock after selling 2,000 shares during the quarter. Trust Co of Kansas’ holdings in Evergy were worth $338,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Sunbelt Securities Inc. increased its stake in Evergy by 2.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 7,778 shares of the company’s stock valued at $482,000 after purchasing an additional 168 shares in the last quarter. Hexagon Capital Partners LLC grew its holdings in shares of Evergy by 47.1% during the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after buying an additional 170 shares during the last quarter. Empirical Finance LLC increased its position in shares of Evergy by 2.3% during the third quarter. Empirical Finance LLC now owns 7,751 shares of the company’s stock worth $481,000 after acquiring an additional 171 shares in the last quarter. Wealthcare Advisory Partners LLC raised its holdings in shares of Evergy by 2.5% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 7,322 shares of the company’s stock worth $451,000 after acquiring an additional 182 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in Evergy by 1.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 18,563 shares of the company’s stock valued at $1,138,000 after acquiring an additional 212 shares in the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Barclays decreased their price objective on Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Mizuho assumed coverage on Evergy in a research report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price target for the company. Wells Fargo & Company lifted their price objective on shares of Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Finally, LADENBURG THALM/SH SH upgraded shares of Evergy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $59.00 to $68.50 in a research note on Thursday, January 2nd. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Evergy has a consensus rating of “Moderate Buy” and a consensus price target of $64.06.

Insider Transactions at Evergy

In related news, EVP Kevin E. Bryant sold 48,141 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total value of $3,029,513.13. Following the sale, the executive vice president now directly owns 1 shares of the company’s stock, valued at $62.93. This trade represents a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 3.26% of the company’s stock.

Evergy Stock Up 0.4 %

Evergy stock opened at $63.16 on Friday. The firm has a 50 day moving average price of $62.46 and a 200-day moving average price of $60.17. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a twelve month low of $48.04 and a twelve month high of $65.47. The company has a market capitalization of $14.53 billion, a P/E ratio of 17.07, a P/E/G ratio of 2.62 and a beta of 0.64.

Evergy (NASDAQ:EVRG) last released its earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.07. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period last year, the business posted $1.88 earnings per share. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. As a group, equities analysts predict that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, November 21st were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Thursday, November 21st. This is a boost from Evergy’s previous quarterly dividend of $0.64. This represents a $2.67 annualized dividend and a dividend yield of 4.23%. Evergy’s dividend payout ratio is currently 72.16%.

Evergy Company Profile

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.