Sanctuary Advisors LLC Has $1.54 Million Position in Evergy, Inc. (NASDAQ:EVRG)

Sanctuary Advisors LLC raised its stake in Evergy, Inc. (NASDAQ:EVRG) by 45.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,942 shares of the company’s stock after buying an additional 7,472 shares during the period. Sanctuary Advisors LLC’s holdings in Evergy were worth $1,539,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. HighTower Advisors LLC boosted its holdings in Evergy by 391.1% in the third quarter. HighTower Advisors LLC now owns 97,186 shares of the company’s stock valued at $6,030,000 after acquiring an additional 77,398 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Evergy by 13.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 307,797 shares of the company’s stock valued at $16,304,000 after purchasing an additional 35,940 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Evergy by 60.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 44,024 shares of the company’s stock worth $2,332,000 after buying an additional 16,619 shares during the period. Victory Capital Management Inc. increased its position in shares of Evergy by 49.2% during the second quarter. Victory Capital Management Inc. now owns 1,178,289 shares of the company’s stock worth $62,414,000 after buying an additional 388,625 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in Evergy by 34.0% during the third quarter. BNP Paribas Financial Markets now owns 945,148 shares of the company’s stock worth $58,609,000 after buying an additional 239,599 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Trading Up 1.5 %

NASDAQ EVRG opened at $61.43 on Friday. 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 52 week low of $48.04 and a 52 week high of $65.47. The business has a 50 day moving average price of $62.19 and a 200-day moving average price of $58.96. The company has a market cap of $14.13 billion, a price-to-earnings ratio of 16.60, a P/E/G ratio of 2.77 and a beta of 0.64.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.07. Evergy had a net margin of 14.77% and a return on equity of 8.77%. The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter last year, the firm posted $1.88 EPS. Evergy’s revenue was up 8.5% compared to the same quarter last year. As a group, equities analysts expect that Evergy, Inc. will post 3.85 earnings per share for the current fiscal year.

Evergy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Thursday, November 21st were given a $0.6675 dividend. This is a boost from Evergy’s previous quarterly dividend of $0.64. The ex-dividend date was Thursday, November 21st. This represents a $2.67 annualized dividend and a yield of 4.35%. Evergy’s dividend payout ratio (DPR) is presently 72.16%.

Insiders Place Their Bets

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 1 shares in the company, valued at approximately $62.93. This trade represents a 100.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.26% of the company’s stock.

Wall Street Analyst Weigh In

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

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.