Ameritas Advisory Services LLC Purchases Shares of 2,751 Evergy, Inc. (NYSE:EVRG)

Posted by Defense World Staff on Jul 25th, 2023

Ameritas Advisory Services LLC purchased a new stake in Evergy, Inc. (NYSE:EVRG – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,751 shares of the company’s stock, valued at approximately $172,000.

Several other large investors have also recently added to or reduced their stakes in EVRG. PNC Financial Services Group Inc. raised its holdings in Evergy by 1.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,198 shares of the company’s stock valued at $969,000 after acquiring an additional 179 shares in the last quarter. Cibc World Market Inc. grew its stake in shares of Evergy by 25.8% in the 1st quarter. Cibc World Market Inc. now owns 5,924 shares of the company’s stock valued at $405,000 after purchasing an additional 1,214 shares during the period. Blair William & Co. IL grew its stake in shares of Evergy by 5.5% in the 1st quarter. Blair William & Co. IL now owns 12,622 shares of the company’s stock valued at $863,000 after purchasing an additional 657 shares during the period. Sei Investments Co. grew its stake in shares of Evergy by 28.4% in the 1st quarter. Sei Investments Co. now owns 322,941 shares of the company’s stock valued at $22,058,000 after purchasing an additional 71,345 shares during the period. Finally, Canada Pension Plan Investment Board grew its stake in shares of Evergy by 1,332.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 374,061 shares of the company’s stock valued at $25,563,000 after purchasing an additional 347,949 shares during the period. Institutional investors and hedge funds own 83.74% of the company’s stock.

Evergy Stock Down 0.7 %

NYSE EVRG opened at $61.15 on Tuesday. The firm has a market cap of $14.04 billion, a PE ratio of 18.25, a price-to-earnings-growth ratio of 3.26 and a beta of 0.50. Evergy, Inc. has a one year low of $54.12 and a one year high of $71.58. The stock’s 50 day simple moving average is $58.96 and its 200 day simple moving average is $60.47. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.52 and a quick ratio of 0.31.

Evergy (NYSE:EVRG – Get Free Report) last released its quarterly earnings results on Friday, May 5th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.03. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.14 billion. Evergy had a return on equity of 9.13% and a net margin of 13.03%. During the same period in the prior year, the company earned $0.58 EPS. As a group, sell-side analysts forecast that Evergy, Inc. will post 3.61 earnings per share for the current fiscal year.

Evergy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 20th. Stockholders of record on Friday, May 19th were paid a $0.6125 dividend. The ex-dividend date of this dividend was Thursday, May 18th. This represents a $2.45 annualized dividend and a dividend yield of 4.01%. Evergy’s dividend payout ratio (DPR) is currently 73.13%.

Wall Street Analysts Forecast Growth

EVRG has been the topic of several analyst reports. Guggenheim lowered their price objective on Evergy from $72.00 to $68.00 in a research note on Friday, July 7th. Bank of America upped their price objective on Evergy from $55.00 to $59.00 and gave the company an “underperform” rating in a research note on Friday, April 14th. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. According to data from MarketBeat, Evergy has an average rating of “Hold” and an average price target of $63.00.

Insider Activity

In other news, Director Mary L. Landrieu sold 1,170 shares of Evergy stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $59.62, for a total value of $69,755.40. Following the completion of the sale, the director now directly owns 4,210 shares of the company’s stock, valued at approximately $251,000.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Sandra Aj Lawrence sold 2,523 shares of the firm’s stock in a transaction 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 directly owns 480 shares in the company, valued at approximately $29,913.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary L. Landrieu sold 1,170 shares of the firm’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $59.62, for a total value of $69,755.40. Following the completion of the transaction, the director now owns 4,210 shares in the company, valued at $251,000.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,021 shares of company stock valued at $303,575. Company insiders own 0.47% of the company’s stock.

Evergy Company Profile

(Free Report)

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.