SeaCrest Wealth Management LLC Reduces Stake in Evergy, Inc. (NASDAQ:EVRG)

SeaCrest Wealth Management LLC reduced its stake in shares of Evergy, Inc. (NASDAQ:EVRGFree Report) by 7.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,575 shares of the company’s stock after selling 1,050 shares during the period. SeaCrest Wealth Management LLC’s holdings in Evergy were worth $836,000 at the end of the most recent reporting period.

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

Evergy Price Performance

NASDAQ:EVRG opened at $61.68 on Thursday. Evergy, Inc. has a 52-week low of $48.04 and a 52-week high of $65.47. The stock has a fifty day moving average of $62.40 and a 200 day moving average of $60.06. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.32 and a current ratio of 0.55. The firm has a market capitalization of $14.18 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 2.75 and a beta of 0.64.

Evergy (NASDAQ:EVRGGet Free Report) last issued 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 firm had revenue of $1.81 billion during 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 company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the company posted $1.88 EPS. On average, research analysts expect that Evergy, Inc. will post 3.84 EPS for the current fiscal year.

Evergy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Thursday, November 21st were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 4.33%. 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 currently 72.16%.

Insider Transactions at Evergy

In related news, EVP Kevin E. Bryant sold 48,141 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 1 shares in the company, valued at approximately $62.93. The trade was a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.47% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Evergy in a research note on Thursday, September 19th. They issued a “buy” rating and a $70.00 target price for the company. LADENBURG THALM/SH SH upgraded shares of Evergy from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $59.00 to $68.50 in a research note on Thursday, January 2nd. Wells Fargo & Company increased their target price on Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Barclays reduced their price target on Evergy from $67.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, October 21st. Finally, Mizuho assumed coverage on Evergy in a report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price objective on the stock. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Evergy presently has an average rating of “Moderate Buy” and an average price target of $64.06.

View Our Latest Analysis on Evergy

Evergy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Evergy (NASDAQ:EVRG)

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