Evergy, Inc. (NYSE:EVRG) Shares Sold by Moody National Bank Trust Division

Moody National Bank Trust Division lessened its stake in shares of Evergy, Inc. (NYSE:EVRGGet Rating) by 33.9% in the 2nd quarter, Holdings Channel reports. The firm owned 8,234 shares of the company’s stock after selling 4,217 shares during the period. Moody National Bank Trust Division’s holdings in Evergy were worth $538,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Wrapmanager Inc. grew its stake in Evergy by 5.4% during the 1st quarter. Wrapmanager Inc. now owns 3,430 shares of the company’s stock valued at $234,000 after acquiring an additional 177 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Evergy by 1.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 14,198 shares of the company’s stock valued at $969,000 after acquiring an additional 179 shares in the last quarter. Private Capital Group LLC grew its stake in Evergy by 26.5% during the 1st quarter. Private Capital Group LLC now owns 870 shares of the company’s stock valued at $60,000 after acquiring an additional 182 shares in the last quarter. Eaton Vance Management grew its stake in shares of Evergy by 1.2% in the 4th quarter. Eaton Vance Management now owns 15,059 shares of the company’s stock valued at $940,000 after buying an additional 183 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Evergy by 1.3% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 14,752 shares of the company’s stock valued at $1,008,000 after buying an additional 184 shares during the period. Hedge funds and other institutional investors own 84.37% of the company’s stock.

Wall Street Analyst Weigh In

Separately, UBS Group cut shares of Evergy from a “buy” rating to a “neutral” rating and dropped their price target for the company from $78.00 to $70.00 in a research note on Thursday, June 30th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $72.60.

Evergy Price Performance

Evergy stock opened at $67.07 on Monday. The firm has a market cap of $15.39 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 3.58 and a beta of 0.48. Evergy, Inc. has a 52-week low of $59.34 and a 52-week high of $73.13. The company has a quick ratio of 0.33, a current ratio of 0.50 and a debt-to-equity ratio of 0.99. The company’s 50 day moving average is $68.18 and its two-hundred day moving average is $67.45.

Evergy (NYSE:EVRGGet Rating) last released its earnings results on Thursday, August 4th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.02. The company had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.23 billion. Evergy had a net margin of 15.16% and a return on equity of 8.89%. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.85 EPS. On average, research analysts expect that Evergy, Inc. will post 3.58 EPS for the current fiscal year.

Evergy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 20th. Stockholders of record on Friday, August 19th will be issued a $0.5725 dividend. The ex-dividend date of this dividend is Thursday, August 18th. This represents a $2.29 dividend on an annualized basis and a dividend yield of 3.41%. Evergy’s payout ratio is 64.51%.

Evergy Company Profile

(Get Rating)

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in Kansas and Missouri, the United States. It generates electricity through coal, hydroelectric, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources.

Further Reading

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Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

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