Community Bank of Raymore Grows Holdings in Evergy, Inc. (NASDAQ:EVRG)

Community Bank of Raymore boosted its holdings in Evergy, Inc. (NASDAQ:EVRG) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,914 shares of the company’s stock after purchasing an additional 1,157 shares during the quarter. Evergy comprises 1.5% of Community Bank of Raymore’s investment portfolio, making the stock its 21st largest holding. Community Bank of Raymore’s holdings in Evergy were worth $1,903,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Fairscale Capital LLC purchased a new position in Evergy during the 2nd quarter worth $27,000. Truvestments Capital LLC purchased a new position in shares of Evergy in the 3rd quarter valued at about $32,000. Hexagon Capital Partners LLC increased its holdings in shares of Evergy by 47.1% in the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock valued at $33,000 after purchasing an additional 170 shares in the last quarter. Sentry Investment Management LLC purchased a new position in shares of Evergy in the 3rd quarter valued at about $51,000. Finally, Benjamin Edwards Inc. increased its holdings in shares of Evergy by 47.8% in the 2nd quarter. Benjamin Edwards Inc. now owns 856 shares of the company’s stock valued at $45,000 after purchasing an additional 277 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Price Performance

Shares of NASDAQ EVRG opened at $63.16 on Monday. The stock has a market cap of $14.53 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 2.62 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’s 50-day moving average price is $62.46 and its 200 day moving average price is $60.27. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15.

Evergy (NASDAQ:EVRG) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.07. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same period last year, the company earned $1.88 EPS. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. As a group, research analysts forecast that Evergy, Inc. will post 3.84 earnings per share 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 paid a dividend of $0.6675 per share. 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%. The ex-dividend date of this dividend was Thursday, November 21st. Evergy’s dividend payout ratio (DPR) is currently 72.16%.

Insiders Place Their Bets

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 approximately $62.93. This trade represents a 100.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.26% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EVRG. Barclays cut their price target on shares of Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Monday, October 21st. Mizuho began coverage on shares of Evergy in a report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price target for the company. Wells Fargo & Company increased their price target on shares of Evergy from $65.00 to $69.00 and gave the company 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 increased their price target for the company from $59.00 to $68.50 in a report on Thursday, January 2nd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $64.06.

Evergy 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.