Inspire Investing LLC Sells 1,616 Shares of Evergy, Inc. (NYSE:EVRG)

Inspire Investing LLC trimmed its position in shares of Evergy, Inc. (NYSE:EVRG) by 6.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 24,844 shares of the company’s stock after selling 1,616 shares during the quarter. Inspire Investing LLC’s holdings in Evergy were worth $1,541,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hexagon Capital Partners LLC increased its stake in shares of Evergy by 47.1% in the 3rd quarter. Hexagon Capital Partners LLC now owns 531 shares of the company’s stock worth $33,000 after acquiring an additional 170 shares in the last quarter. GPS Wealth Strategies Group LLC increased its stake in shares of Evergy by 12.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 1,705 shares of the company’s stock valued at $90,000 after purchasing an additional 187 shares in the last quarter. Wealthspire Advisors LLC lifted its holdings in shares of Evergy by 1.0% during the first quarter. Wealthspire Advisors LLC now owns 19,009 shares of the company’s stock valued at $1,015,000 after purchasing an additional 192 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Evergy by 16.3% in the 2nd quarter. Blue Trust Inc. now owns 1,483 shares of the company’s stock worth $79,000 after purchasing an additional 208 shares in the last quarter. Finally, Keeley Teton Advisors LLC grew its stake in shares of Evergy by 0.6% in the 1st quarter. Keeley Teton Advisors LLC now owns 37,950 shares of the company’s stock worth $2,026,000 after buying an additional 210 shares during 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 research analysts have issued reports on the company. Barclays lifted their price objective on Evergy from $61.00 to $64.00 and gave the company an “overweight” rating in a research note on Tuesday, August 13th. UBS Group raised Evergy to a “hold” rating in a research report on Wednesday, September 18th. Finally, Jefferies Financial Group assumed coverage on shares of Evergy in a research report on Thursday, September 19th. They set a “buy” rating and a $70.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Evergy has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Insider Activity

In related news, SVP Charles A. Caisley sold 9,236 shares of Evergy stock in a transaction 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 sale, the senior vice president now owns 33,425 shares of the company’s stock, valued at $1,993,132.75. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Ann D. Murtlow sold 3,301 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $58.85, for a total value of $194,263.85. Following the transaction, the director now directly owns 2,847 shares of the company’s stock, valued at approximately $167,545.95. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Charles A. Caisley sold 9,236 shares of the firm’s stock in a transaction dated 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 $1,993,132.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 15,884 shares of company stock valued at $941,810 in the last ninety days. 0.47% of the stock is currently owned by company insiders.

Evergy Trading Up 0.5 %

Evergy stock opened at $59.34 on Monday. Evergy, Inc. has a one year low of $47.46 and a one year high of $62.58. The business’s fifty day moving average is $59.93 and its 200 day moving average is $55.92. The stock has a market capitalization of $13.64 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 2.65 and a beta of 0.62. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.59 and a quick ratio of 0.35.

Evergy (NYSE:EVRG) last announced its quarterly earnings results on Friday, August 9th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. Evergy had a net margin of 13.12% and a return on equity of 8.50%. The firm had revenue of $1.45 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the firm posted $0.81 EPS. On average, sell-side analysts predict that Evergy, Inc. will post 3.84 EPS for the current year.

Evergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Tuesday, August 20th were paid a dividend of $0.6425 per share. The ex-dividend date was Tuesday, August 20th. This represents a $2.57 dividend on an annualized basis and a yield of 4.33%. Evergy’s dividend payout ratio is presently 83.17%.

About Evergy

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.