WESPAC Advisors LLC Has $272,000 Stock Position in Evergy Inc. $EVRG

WESPAC Advisors LLC cut its holdings in Evergy Inc. (NASDAQ:EVRG) by 72.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,749 shares of the company’s stock after selling 9,852 shares during the period. WESPAC Advisors LLC’s holdings in Evergy were worth $272,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Goelzer Investment Management Inc. bought a new stake in Evergy during the 4th quarter worth about $1,073,000. Wealthcare Advisory Partners LLC grew its stake in Evergy by 2.0% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 11,354 shares of the company’s stock valued at $823,000 after purchasing an additional 225 shares in the last quarter. CoreCap Advisors LLC raised its position in Evergy by 60.5% during the fourth quarter. CoreCap Advisors LLC now owns 613 shares of the company’s stock worth $44,000 after acquiring an additional 231 shares in the last quarter. Czech National Bank lifted its stake in Evergy by 3.8% in the fourth quarter. Czech National Bank now owns 60,703 shares of the company’s stock valued at $4,400,000 after acquiring an additional 2,248 shares during the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI grew its position in shares of Evergy by 1.0% in the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 138,226 shares of the company’s stock valued at $10,020,000 after acquiring an additional 1,333 shares during the period. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Evergy

In other news, Director Ann D. Murtlow sold 2,847 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $82.34, for a total transaction of $234,421.98. Following the completion of the sale, the director directly owned 2,311 shares in the company, valued at approximately $190,287.74. This represents a 55.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Charles L. King sold 2,440 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $82.19, for a total value of $200,543.60. Following the sale, the senior vice president directly owned 18,359 shares in the company, valued at approximately $1,508,926.21. This trade represents a 11.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,937 shares of company stock valued at $736,492 in the last three months. Corporate insiders own 1.42% of the company’s stock.

Evergy Stock Performance

NASDAQ EVRG opened at $80.85 on Monday. The firm has a 50-day moving average price of $80.09 and a two-hundred day moving average price of $76.87. Evergy Inc. has a 12-month low of $61.94 and a 12-month high of $85.23. The company has a market capitalization of $18.62 billion, a P/E ratio of 22.03, a P/E/G ratio of 2.09 and a beta of 0.65. The company has a quick ratio of 0.27, a current ratio of 0.49 and a debt-to-equity ratio of 1.27.

Evergy (NASDAQ:EVRG) last announced its earnings results on Saturday, January 31st. The company reported $0.42 EPS for the quarter. Evergy had a net margin of 14.35% and a return on equity of 8.79%. Analysts anticipate that Evergy Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th were issued a $0.695 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $2.78 annualized dividend and a yield of 3.4%. Evergy’s payout ratio is currently 75.75%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EVRG shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $91.00 price objective on shares of Evergy in a report on Friday, January 23rd. Wall Street Zen upgraded shares of Evergy from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Mizuho set a $82.00 price objective on Evergy in a report on Monday, February 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Evergy in a research report on Monday, December 29th. Finally, UBS Group lowered Evergy from a “buy” rating to a “neutral” rating and increased their target price for the stock from $86.00 to $88.00 in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $87.75.

Evergy Company 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.