SeaCrest Wealth Management LLC Reduces Stock Position in Evergy, Inc. (NYSE:EVRG)

SeaCrest Wealth Management LLC lowered its position in shares of Evergy, Inc. (NYSE:EVRG) by 1.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,625 shares of the company’s stock after selling 318 shares during the period. SeaCrest Wealth Management LLC’s holdings in Evergy were worth $881,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EVRG. Pallas Capital Advisors LLC purchased a new stake in shares of Evergy in the 2nd quarter worth about $463,000. First Horizon Advisors Inc. lifted its position in shares of Evergy by 34.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,160 shares of the company’s stock worth $61,000 after purchasing an additional 295 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of Evergy by 8.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 78,862 shares of the company’s stock worth $4,177,000 after purchasing an additional 6,015 shares during the period. Financial Partners Group Inc lifted its position in shares of Evergy by 11.2% in the 2nd quarter. Financial Partners Group Inc now owns 18,496 shares of the company’s stock worth $980,000 after purchasing an additional 1,858 shares during the period. Finally, Raymond James & Associates lifted its position in shares of Evergy by 2.0% in the 2nd quarter. Raymond James & Associates now owns 52,348 shares of the company’s stock worth $2,773,000 after purchasing an additional 1,037 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Stock Down 1.5 %

NYSE:EVRG traded down $0.89 on Tuesday, reaching $58.04. 718,172 shares of the stock traded hands, compared to its average volume of 2,167,503. The company has a market capitalization of $13.35 billion, a price-to-earnings ratio of 19.07, a PEG ratio of 3.11 and a beta of 0.60. The company has a current ratio of 0.57, a quick ratio of 0.32 and a debt-to-equity ratio of 1.21. Evergy, Inc. has a 12 month low of $46.92 and a 12 month high of $61.14. The company’s fifty day simple moving average is $55.25 and its 200 day simple moving average is $53.20.

Evergy (NYSE:EVRG) last released its quarterly earnings data on Friday, August 9th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. Evergy had a net margin of 12.84% and a return on equity of 8.32%. The business had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the business earned $0.81 EPS. Equities analysts predict that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Tuesday, August 20th will be paid a $0.6425 dividend. The ex-dividend date is Tuesday, August 20th. This represents a $2.57 dividend on an annualized basis and a dividend yield of 4.43%. Evergy’s dividend payout ratio is presently 83.17%.

Wall Street Analyst Weigh In

Several research firms have recently commented on EVRG. Wells Fargo & Company raised their target price on shares of Evergy from $57.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, May 10th. Barclays lifted their price target on shares of Evergy from $61.00 to $64.00 and gave the company an “overweight” rating in a research report on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $58.33.

Insider Transactions at Evergy

In other news, Director Ann D. Murtlow sold 3,301 shares of Evergy stock in a transaction that occurred on Tuesday, August 13th. The shares were 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 in the company, valued at $167,545.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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.