Evergy, Inc. (NYSE:EVRG) Shares Sold by M&T Bank Corp

M&T Bank Corp reduced its holdings in Evergy, Inc. (NYSE:EVRG – Get Rating) by 0.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 168,460 shares of the company’s stock after selling 861 shares during the quarter. M&T Bank Corp owned 0.07% of Evergy worth $10,006,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC increased its position in Evergy by 227.8% in the 3rd quarter. Hexagon Capital Partners LLC now owns 413 shares of the company’s stock valued at $25,000 after acquiring an additional 287 shares during the period. Private Trust Co. NA bought a new position in Evergy during the 2nd quarter valued at $28,000. CoreCap Advisors LLC bought a new position in Evergy during the 2nd quarter valued at $32,000. Motco boosted its stake in Evergy by 40.1% during the 3rd quarter. Motco now owns 699 shares of the company’s stock valued at $42,000 after purchasing an additional 200 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC bought a new position in Evergy during the 3rd quarter valued at $63,000. 83.84% of the stock is currently owned by institutional investors and hedge funds.

Evergy Stock Performance

EVRG opened at $60.29 on Thursday. The firm has a market cap of $13.84 billion, a PE ratio of 18.49, a P/E/G ratio of 3.04 and a beta of 0.48. The company has a quick ratio of 0.33, a current ratio of 0.53 and a debt-to-equity ratio of 1.04. The business has a fifty day simple moving average of $61.19 and a 200-day simple moving average of $61.75. Evergy, Inc. has a fifty-two week low of $54.12 and a fifty-two week high of $73.13.

Evergy (NYSE:EVRG – Get Rating) last issued its earnings results on Friday, February 24th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.22 by $0.08. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $956.63 million. Evergy had a return on equity of 9.17% and a net margin of 12.85%. Evergy’s revenue was up 14.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 earnings per share. As a group, equities analysts predict that Evergy, Inc. will post 3.64 EPS for the current fiscal year.

Evergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 22nd. Stockholders of record on Thursday, March 9th will be given a $0.6125 dividend. The ex-dividend date is Wednesday, March 8th. This represents a $2.45 annualized dividend and a dividend yield of 4.06%. Evergy’s dividend payout ratio (DPR) is presently 75.15%.

Insider Transactions at Evergy

In other news, COO Kevin E. Bryant sold 22,500 shares of the firm’s stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $59.81, for a total value of $1,345,725.00. Following the completion of the sale, the chief operating officer now owns 32,993 shares of the company’s stock, valued at $1,973,311.33. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.32% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. TheStreet lowered Evergy from a “b” rating to a “c+” rating in a research note on Thursday, February 23rd. Credit Suisse Group lowered Evergy from an “outperform” rating to an “underperform” rating and decreased their price target for the company from $61.00 to $57.00 in a research note on Tuesday, November 29th. Seaport Res Ptn lowered Evergy from a “buy” rating to a “neutral” rating in a research note on Monday, November 21st. UBS Group reduced their price objective on Evergy to $65.00 in a research note on Monday, November 21st. Finally, Bank of America lowered Evergy from a “neutral” rating to an “underperform” rating and reduced their price objective for the stock from $64.00 to $54.00 in a research note on Wednesday, November 23rd. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $61.20.

Evergy Company Profile

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Evergy, Inc is a holding company, which engages in the provision of electricity through its subsidiaries. It focuses on the regulation of electric utilities and development of electric transmission projects. The company was founded in 2017 and is headquartered in Kansas City, MO.