Creative Planning Sells 2,325 Shares of Evergy Inc. $EVRG

Creative Planning lowered its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 1.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 144,206 shares of the company’s stock after selling 2,325 shares during the quarter. Creative Planning owned approximately 0.06% of Evergy worth $9,940,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Horizon Investments LLC increased its holdings in Evergy by 4.9% during the first quarter. Horizon Investments LLC now owns 3,353 shares of the company’s stock valued at $231,000 after buying an additional 158 shares during the last quarter. Rogco LP increased its stake in shares of Evergy by 16.4% in the 2nd quarter. Rogco LP now owns 1,120 shares of the company’s stock worth $77,000 after purchasing an additional 158 shares in the last quarter. Triad Wealth Partners LLC increased its stake in shares of Evergy by 3.8% in the 2nd quarter. Triad Wealth Partners LLC now owns 4,389 shares of the company’s stock worth $303,000 after purchasing an additional 159 shares in the last quarter. GoalVest Advisory LLC raised its holdings in Evergy by 3.2% in the 2nd quarter. GoalVest Advisory LLC now owns 5,259 shares of the company’s stock worth $363,000 after purchasing an additional 163 shares during the period. Finally, Hantz Financial Services Inc. lifted its position in Evergy by 24.5% during the second quarter. Hantz Financial Services Inc. now owns 849 shares of the company’s stock valued at $59,000 after purchasing an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Citigroup upped their price target on Evergy from $79.00 to $89.00 and gave the stock a “buy” rating in a research report on Monday, November 10th. Barclays reissued an “outperform” rating on shares of Evergy in a report on Thursday, October 9th. Wall Street Zen raised shares of Evergy from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Wells Fargo & Company raised shares of Evergy to a “hold” rating in a research note on Tuesday, October 28th. Finally, Mizuho raised their price objective on shares of Evergy from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Evergy currently has a consensus rating of “Buy” and an average price target of $80.72.

Evergy Stock Performance

NASDAQ:EVRG opened at $76.73 on Wednesday. The stock has a 50-day moving average price of $75.95 and a 200 day moving average price of $71.49. The stock has a market capitalization of $17.66 billion, a P/E ratio of 21.08, a P/E/G ratio of 3.56 and a beta of 0.61. Evergy Inc. has a 12-month low of $59.67 and a 12-month high of $79.32. The company has a current ratio of 0.50, a quick ratio of 0.27 and a debt-to-equity ratio of 1.24.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.11). Evergy had a return on equity of 8.62% and a net margin of 14.29%.The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the prior year, the firm posted $2.02 earnings per share. The firm’s revenue for the quarter was down .1% on a year-over-year basis. Equities research analysts forecast that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, November 21st will be paid a dividend of $0.695 per share. The ex-dividend date of this dividend is Friday, November 21st. This is a positive change from Evergy’s previous quarterly dividend of $0.67. This represents a $2.78 annualized dividend and a yield of 3.6%. Evergy’s dividend payout ratio is 76.16%.

Insider Transactions at Evergy

In other Evergy news, SVP Lesley Lissette Elwell sold 8,000 shares of Evergy stock in a transaction on Monday, September 15th. The shares were sold at an average price of $72.33, for a total value of $578,640.00. Following the sale, the senior vice president directly owned 499 shares in the company, valued at approximately $36,092.67. The trade was a 94.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.42% of the company’s stock.

Evergy Company Profile

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities.