GW Henssler & Associates Ltd. Sells 3,362 Shares of Evergy, Inc. (NASDAQ:EVRG)

GW Henssler & Associates Ltd. reduced its position in Evergy, Inc. (NASDAQ:EVRG) by 0.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 362,319 shares of the company’s stock after selling 3,362 shares during the quarter. Evergy accounts for approximately 1.4% of GW Henssler & Associates Ltd.’s holdings, making the stock its 28th biggest position. GW Henssler & Associates Ltd.’s holdings in Evergy were worth $22,467,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Truvestments Capital LLC acquired a new position in Evergy during the third quarter worth $32,000. Hexagon Capital Partners LLC increased its position in shares of Evergy by 47.1% during the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock worth $33,000 after acquiring an additional 170 shares in the last quarter. Sentry Investment Management LLC acquired a new stake in shares of Evergy in the 3rd quarter worth about $51,000. USA Financial Formulas bought a new position in Evergy in the 4th quarter valued at about $73,000. Finally, Venturi Wealth Management LLC lifted its position in Evergy by 230.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,386 shares of the company’s stock valued at $86,000 after acquiring an additional 966 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on EVRG shares. Guggenheim raised Evergy from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. 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. Barclays dropped their price objective on Evergy from $65.00 to $62.00 and set an “overweight” rating on the stock in a research note on Monday, January 27th. Wells Fargo & Company upped their target price on shares of Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, LADENBURG THALM/SH SH raised shares of Evergy from a “neutral” rating to a “buy” rating and raised their price target for the company from $59.00 to $68.50 in a research report on Thursday, January 2nd. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Evergy currently has a consensus rating of “Moderate Buy” and an average price target of $65.36.

Evergy Stock Down 0.1 %

Shares of NASDAQ:EVRG opened at $64.17 on Monday. The company has a market capitalization of $14.76 billion, a PE ratio of 17.34, a price-to-earnings-growth ratio of 2.69 and a beta of 0.66. Evergy, Inc. has a 1 year low of $48.04 and a 1 year high of $65.47. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.55 and a quick ratio of 0.32. The business has a fifty day moving average price of $62.40 and a two-hundred day moving average price of $60.95.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.02 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.07. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.35 billion. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.88 earnings per share. Analysts forecast that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Thursday, November 21st were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date was Thursday, November 21st. This is a boost from Evergy’s previous quarterly dividend of $0.64. Evergy’s payout ratio is 72.16%.

Insider Activity at Evergy

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the completion of the transaction, the executive vice president now owns 1 shares in the company, 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 Securities & Exchange Commission, which is available through this link. 3.26% of the stock is owned by company insiders.

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.