DGS Capital Management LLC Acquires 1,307 Shares of Evergy, Inc. (NASDAQ:EVRG)

DGS Capital Management LLC lifted its holdings in Evergy, Inc. (NASDAQ:EVRG) by 29.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,794 shares of the company’s stock after buying an additional 1,307 shares during the quarter. DGS Capital Management LLC’s holdings in Evergy were worth $357,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EVRG. Truvestments Capital LLC bought a new position in Evergy in the 3rd quarter worth approximately $32,000. Hexagon Capital Partners LLC lifted its holdings in shares of Evergy by 47.1% in the third quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock worth $33,000 after buying an additional 170 shares in the last quarter. Sentry Investment Management LLC bought a new position in shares of Evergy during the third quarter worth $51,000. USA Financial Formulas purchased a new position in Evergy during the fourth quarter valued at $73,000. Finally, Venturi Wealth Management LLC increased its holdings 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 during the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Insider Buying and Selling

In other news, EVP Kevin E. Bryant sold 48,141 shares of the business’s stock in a transaction on 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 sale, the executive vice president now directly owns 1 shares of the company’s stock, valued at approximately $62.93. The trade was a 100.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.47% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on EVRG shares. Guggenheim raised shares of Evergy from a “neutral” rating to a “buy” rating in a report on Thursday. Wells Fargo & Company increased their price target on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Mizuho initiated coverage on Evergy in a research note on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price objective on the stock. Barclays lowered 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. Finally, LADENBURG THALM/SH SH upgraded shares of Evergy from a “neutral” rating to a “buy” rating and boosted their price target for the stock 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 stock. According to MarketBeat, Evergy has an average rating of “Moderate Buy” and an average price target of $65.79.

Evergy Stock Up 0.7 %

NASDAQ EVRG opened at $63.52 on Friday. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a 52 week low of $48.04 and a 52 week high of $65.47. The firm has a market capitalization of $14.61 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 2.75 and a beta of 0.64. The company has a fifty day moving average of $62.45 and a two-hundred day moving average of $60.58.

Evergy (NASDAQ:EVRG) last released its 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 firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter last year, the business earned $1.88 EPS. The business’s revenue was up 8.5% on a year-over-year basis. On average, analysts predict that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, November 21st were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 4.20%. This is an increase 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%.

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.