Qsemble Capital Management LP Purchases 8,811 Shares of Evergy, Inc. (NYSE:EVRG)

Qsemble Capital Management LP lifted its holdings in Evergy, Inc. (NYSE:EVRG) by 34.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,702 shares of the company’s stock after acquiring an additional 8,811 shares during the quarter. Qsemble Capital Management LP’s holdings in Evergy were worth $2,152,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of EVRG. Fairscale Capital LLC acquired a new position in Evergy in the second quarter worth $27,000. Truvestments Capital LLC acquired a new position in Evergy during the 3rd quarter worth about $32,000. Hexagon Capital Partners LLC lifted its position in Evergy by 47.1% during the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock worth $33,000 after buying an additional 170 shares in the last quarter. Rothschild Investment LLC bought a new stake in Evergy during the 2nd quarter worth about $37,000. Finally, Hantz Financial Services Inc. acquired a new stake in Evergy in the 2nd quarter valued at about $41,000. 87.24% of the stock is currently owned by institutional investors.

Evergy Stock Up 0.4 %

NYSE:EVRG opened at $64.49 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 0.55 and a debt-to-equity ratio of 1.15. Evergy, Inc. has a 12-month low of $48.04 and a 12-month high of $64.95. The stock’s fifty day simple moving average is $61.56 and its 200-day simple moving average is $57.97. The firm has a market capitalization of $14.83 billion, a P/E ratio of 17.43, a P/E/G ratio of 2.86 and a beta of 0.62.

Evergy (NYSE:EVRG) last issued its earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.07. The firm had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.88 earnings per share. Equities research analysts expect that Evergy, Inc. will post 3.84 earnings per share for the current year.

Evergy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, November 21st will be paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 4.14%. The ex-dividend date is Thursday, November 21st. This is an increase from Evergy’s previous quarterly dividend of $0.64. Evergy’s dividend payout ratio is presently 72.16%.

Insiders Place Their Bets

In related news, SVP Charles A. Caisley sold 9,236 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $59.63, for a total value of $550,742.68. Following the completion of the transaction, the senior vice president now directly owns 33,425 shares in the company, valued at approximately $1,993,132.75. The trade was a 21.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kevin E. Bryant sold 48,141 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the sale, the executive vice president now owns 1 shares in the company, valued at $62.93. This trade represents a 100.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.26% of the company’s stock.

Analyst Ratings Changes

EVRG has been the topic of a number of research reports. Wells Fargo & Company upped their target price on shares of Evergy from $65.00 to $69.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 16th. Barclays reduced their price objective on Evergy from $67.00 to $65.00 and set an “overweight” rating on the stock in a report on Monday, October 21st. Jefferies Financial Group assumed coverage on Evergy in a research note on Thursday, September 19th. They issued a “buy” rating and a $70.00 target price for the company. UBS Group raised Evergy to a “hold” rating in a research note on Wednesday, September 18th. Finally, Mizuho initiated coverage on Evergy in a report on Tuesday, October 29th. They issued an “outperform” rating and a $67.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $61.88.

Evergy 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.