Evergy Inc. $EVRG Shares Bought by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP boosted its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 104.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 20,025 shares of the company’s stock after purchasing an additional 10,218 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Evergy were worth $1,522,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Accredited Wealth Management LLC boosted its holdings in shares of Evergy by 1,310.3% in the 3rd quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock valued at $31,000 after acquiring an additional 380 shares during the last quarter. AlphaCore Capital LLC purchased a new position in shares of Evergy during the second quarter worth $33,000. Sentry Investment Management LLC acquired a new position in Evergy during the third quarter valued at $41,000. CYBER HORNET ETFs LLC acquired a new position in Evergy during the second quarter valued at $42,000. Finally, Root Financial Partners LLC purchased a new stake in Evergy in the third quarter valued at $44,000. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Evergy news, SVP Heather A. Humphrey sold 3,650 shares of Evergy stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $82.61, for a total transaction of $301,526.50. Following the completion of the sale, the senior vice president directly owned 44,007 shares in the company, valued at $3,635,418.27. This trade represents a 7.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann D. Murtlow sold 2,847 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The shares were 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 $190,287.74. This trade represents a 55.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 8,937 shares of company stock valued at $736,492. 1.42% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on EVRG. UBS Group downgraded Evergy from a “buy” rating to a “neutral” rating and increased their price target for the stock from $86.00 to $88.00 in a research report on Friday, February 13th. Wall Street Zen upgraded Evergy from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Wells Fargo & Company lifted their price objective on Evergy from $79.00 to $83.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Evergy in a research note on Monday, December 29th. Finally, Mizuho set a $82.00 target price on Evergy in a report on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Evergy has an average rating of “Moderate Buy” and a consensus target price of $87.75.

Evergy Stock Down 1.5%

EVRG stock opened at $81.54 on Thursday. Evergy Inc. has a one year low of $61.94 and a one year high of $85.23. The firm has a market cap of $18.78 billion, a PE ratio of 22.22, a PEG ratio of 2.14 and a beta of 0.65. The firm’s 50 day moving average price is $79.30 and its 200-day moving average price is $76.40. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.27 and a current ratio of 0.49.

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

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.695 per share. The ex-dividend date is Tuesday, March 10th. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.4%. Evergy’s dividend payout ratio is currently 75.75%.

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.