Signaturefd LLC reduced its stake in Evergy, Inc. (NYSE:EVRG – Free Report) by 8.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,132 shares of the company’s stock after selling 192 shares during the period. Signaturefd LLC’s holdings in Evergy were worth $130,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in EVRG. PNC Financial Services Group Inc. boosted its stake in Evergy by 1.3% during the first quarter. PNC Financial Services Group Inc. now owns 14,198 shares of the company’s stock valued at $969,000 after buying an additional 179 shares during the period. Cibc World Market Inc. boosted its stake in Evergy by 25.8% during the first quarter. Cibc World Market Inc. now owns 5,924 shares of the company’s stock valued at $405,000 after buying an additional 1,214 shares during the period. Blair William & Co. IL boosted its stake in Evergy by 5.5% during the first quarter. Blair William & Co. IL now owns 12,622 shares of the company’s stock valued at $863,000 after buying an additional 657 shares during the period. Sei Investments Co. boosted its stake in Evergy by 28.4% during the first quarter. Sei Investments Co. now owns 322,941 shares of the company’s stock valued at $22,058,000 after buying an additional 71,345 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in Evergy by 1,332.5% during the first quarter. Canada Pension Plan Investment Board now owns 374,061 shares of the company’s stock valued at $25,563,000 after buying an additional 347,949 shares during the period. Institutional investors own 83.74% of the company’s stock.
Insider Activity at Evergy
In related news, Director Sandra Aj Lawrence sold 2,523 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $62.32, for a total transaction of $157,233.36. Following the transaction, the director now owns 480 shares in the company, valued at approximately $29,913.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Evergy news, Director Mary L. Landrieu sold 1,170 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $59.62, for a total transaction of $69,755.40. Following the transaction, the director now owns 4,210 shares in the company, valued at approximately $251,000.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sandra Aj Lawrence sold 2,523 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $62.32, for a total value of $157,233.36. Following the transaction, the director now owns 480 shares in the company, valued at approximately $29,913.60. The disclosure for this sale can be found here. Insiders have sold a total of 5,021 shares of company stock worth $303,575 in the last 90 days. Company insiders own 0.47% of the company’s stock.
Evergy Stock Down 0.7 %
Evergy (NYSE:EVRG – Get Free Report) last released its quarterly earnings data on Friday, May 5th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.56 by $0.03. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.14 billion. Evergy had a return on equity of 9.13% and a net margin of 13.03%. During the same quarter in the previous year, the business earned $0.58 earnings per share. On average, equities analysts expect that Evergy, Inc. will post 3.61 EPS for the current year.
Evergy Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 20th. Investors of record on Friday, May 19th were issued a dividend of $0.6125 per share. The ex-dividend date of this dividend was Thursday, May 18th. This represents a $2.45 dividend on an annualized basis and a yield of 4.01%. Evergy’s dividend payout ratio is presently 73.13%.
Analyst Ratings Changes
Several brokerages have issued reports on EVRG. Bank of America lifted their price target on Evergy from $55.00 to $59.00 and gave the stock an “underperform” rating in a research note on Friday, April 14th. Guggenheim dropped their price target on Evergy from $72.00 to $68.00 in a research note on Friday, July 7th. Two investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. According to data from MarketBeat.com, Evergy has a consensus rating of “Hold” and a consensus price target of $63.00.
Evergy Company Profile
Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Kansas and Missouri, the United States. The company generates electricity through coal, hydroelectric, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources.
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