23,052 Shares in Evergy Inc. $EVRG Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new position in Evergy Inc. (NASDAQ:EVRG) during the second quarter, HoldingsChannel reports. The institutional investor purchased 23,052 shares of the company’s stock, valued at approximately $1,992,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EVRG. MidFirst Bank purchased a new position in shares of Evergy during the 4th quarter worth about $25,000. Knuff & Co LLC purchased a new stake in Evergy in the second quarter valued at approximately $30,000. Burk Holdings LLC acquired a new position in Evergy during the second quarter worth approximately $31,000. Prosperity Bancshares Inc acquired a new position in Evergy during the fourth quarter worth approximately $32,000. Finally, Clearstead Trust LLC purchased a new position in Evergy during the second quarter worth approximately $33,000. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Insider Activity at Evergy

In other news, EVP Charles A. Caisley sold 10,787 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $83.46, for a total transaction of $900,283.02. Following the transaction, the executive vice president directly owned 37,789 shares of the company’s stock, valued at approximately $3,153,869.94. The trade was a 22.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sandra Aj Lawrence sold 600 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $81.41, for a total transaction of $48,846.00. Following the completion of the transaction, the director owned 680 shares of the company’s stock, valued at $55,358.80. This trade represents a 46.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,987 shares of company stock valued at $998,471 in the last ninety days. 1.52% of the stock is owned by corporate insiders.

Evergy Stock Up 1.0%

Shares of NASDAQ EVRG opened at $82.23 on Thursday. The stock has a fifty day moving average price of $84.66 and a 200 day moving average price of $82.95. The company has a current ratio of 0.36, a quick ratio of 0.21 and a debt-to-equity ratio of 1.20. Evergy Inc. has a 12-month low of $70.42 and a 12-month high of $88.62. The company has a market cap of $18.96 billion, a P/E ratio of 20.87, a P/E/G ratio of 2.11 and a beta of 0.54.

Evergy (NASDAQ:EVRG) last issued its earnings results on Wednesday, August 5th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.07. Evergy had a return on equity of 9.20% and a net margin of 15.19%.The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the prior year, the business earned $0.82 earnings per share. Research analysts anticipate that Evergy Inc. will post 4.25 EPS for the current fiscal year.

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Tuesday, August 18th will be issued a $0.695 dividend. This represents a $2.78 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Tuesday, August 18th. Evergy’s dividend payout ratio is currently 70.56%.

Analyst Ratings Changes

A number of equities analysts have weighed in on EVRG shares. BTIG Research set a $97.00 price target on shares of Evergy in a report on Thursday, July 23rd. Barclays upped their price objective on Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. BMO Capital Markets increased their target price on Evergy from $88.00 to $92.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Evergy in a report on Friday, August 7th. Finally, Citigroup boosted their price target on Evergy from $95.00 to $97.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $90.60.

Evergy Profile

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.