D.B. Root & Company LLC Sells 297 Shares of Evergy, Inc. (NASDAQ:EVRG)

D.B. Root & Company LLC lessened its position in Evergy, Inc. (NASDAQ:EVRG) by 5.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,950 shares of the company’s stock after selling 297 shares during the quarter. D.B. Root & Company LLC’s holdings in Evergy were worth $305,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in EVRG. Pathway Financial Advisers LLC raised its holdings in shares of Evergy by 6,854.6% in the third quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company’s stock worth $157,443,000 after buying an additional 2,502,493 shares during the period. Mizuho Securities USA LLC grew its position in Evergy by 7,234.3% in the 3rd quarter. Mizuho Securities USA LLC now owns 1,300,000 shares of the company’s stock valued at $80,613,000 after acquiring an additional 1,282,275 shares during the last quarter. FMR LLC increased its stake in Evergy by 131.4% in the third quarter. FMR LLC now owns 2,004,414 shares of the company’s stock worth $124,294,000 after purchasing an additional 1,138,138 shares during the period. Millennium Management LLC lifted its position in shares of Evergy by 38.6% during the second 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 during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of Evergy by 15,406.4% during the fourth quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock valued at $56,721,000 after purchasing an additional 915,603 shares during the period. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Stock Performance

Shares of EVRG stock opened at $62.87 on Thursday. The firm has a market cap of $14.46 billion, a price-to-earnings ratio of 16.99, a PEG ratio of 2.78 and a beta of 0.64. Evergy, Inc. has a 52-week low of $48.04 and a 52-week high of $65.47. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. The company’s 50 day moving average is $62.45 and its 200 day moving average is $60.44.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.07. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $2.35 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The business’s revenue was up 8.5% compared to the same quarter last year. During the same period last year, the business posted $1.88 EPS. On average, sell-side analysts anticipate that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, November 21st were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 4.25%. This is a positive change from Evergy’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Thursday, November 21st. Evergy’s dividend payout ratio is presently 72.16%.

Analyst Upgrades and Downgrades

Several research firms recently commented on EVRG. Mizuho began coverage on shares of Evergy in a research note on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price target on the stock. Wells Fargo & Company raised their target price on shares of Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $59.00 to $68.50 in a research note on Thursday, January 2nd. Finally, Barclays decreased their target price on Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $65.79.

Insider Activity

In related news, EVP Kevin E. Bryant sold 48,141 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the transaction, the executive vice president now directly owns 1 shares in the company, valued at $62.93. The trade was a 100.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.47% of the company’s stock.

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.