Heather Humphrey Sells 3,650 Shares of Evergy (NASDAQ:EVRG) Stock

Key Points

• Insider sale: Evergy SVP Heather Humphrey sold 3,650 shares at an average price of $82.61 for $301,526.50, trimming her stake by 7.66% to 44,007 shares.
• Dividend announced: Evergy declared a quarterly dividend of $0.695 (annualized $2.78) for a yield of 3.4%, with record date March 10 and payment on March 20; the payout ratio is about 75.75%.
• Market and analyst snapshot: Shares recently traded at $81.02 within a 12‑month range of $61.94–$85.23, and analysts have an average rating of "Moderate Buy" with a mean target price of $87.75.

Evergy Inc. (NASDAQ:EVRG - Get Free Report) SVP Heather Humphrey sold 3,650 shares of the company's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $82.61, for a total value of $301,526.50. Following the completion of the transaction, the senior vice president directly owned 44,007 shares of the company's stock, valued at $3,635,418.27. The trade was a 7.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Evergy Price Performance

EVRG traded down $0.91 during trading on Wednesday, hitting $81.02. The company's stock had a trading volume of 2,518,329 shares, compared to its average volume of 2,255,656. The company has a current ratio of 0.49, a quick ratio of 0.27 and a debt-to-equity ratio of 1.27. Evergy Inc. has a twelve month low of $61.94 and a twelve month high of $85.23. The business's fifty day simple moving average is $78.16 and its 200 day simple moving average is $75.99. The firm has a market capitalization of $18.66 billion, a price-to-earnings ratio of 22.08, a P/E/G ratio of 3.30 and a beta of 0.65.

Evergy (NASDAQ:EVRG - Get Free Report) last posted its quarterly earnings data on Saturday, January 31st. The company reported $0.42 EPS for the quarter. Evergy had a return on equity of 8.79% and a net margin of 14.35%. On average, equities research analysts forecast that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, March 10th will be issued a $0.695 dividend. This represents a $2.78 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, March 10th. Evergy's payout ratio is presently 75.75%.

Hedge Funds Weigh In On Evergy

Several hedge funds and other institutional investors have recently modified their holdings of EVRG. MidFirst Bank acquired a new stake in Evergy in the 4th quarter valued at about $25,000. Harbor Capital Advisors Inc. acquired a new position in shares of Evergy during the 4th quarter worth approximately $27,000. Accredited Wealth Management LLC boosted its holdings in shares of Evergy by 1,310.3% during the 3rd quarter. Accredited Wealth Management LLC now owns 409 shares of the company's stock worth $31,000 after purchasing an additional 380 shares during the last quarter. Prosperity Bancshares Inc purchased a new stake in shares of Evergy in the fourth quarter valued at approximately $32,000. Finally, AlphaCore Capital LLC acquired a new stake in shares of Evergy in the second quarter valued at approximately $33,000. 87.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on EVRG shares. Citigroup lifted their target price on shares of Evergy from $89.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, February 20th. Wall Street Zen upgraded shares of Evergy from a "sell" rating to a "hold" rating in a research report on Saturday, February 21st. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $91.00 price target on shares of Evergy in a research note on Friday, January 23rd. BMO Capital Markets lifted their price objective on Evergy from $82.00 to $87.00 and gave the stock an "outperform" rating in a report on Monday, February 23rd. Finally, Wells Fargo & Company boosted their price objective on Evergy from $79.00 to $83.00 and gave the stock an "equal weight" rating in a research note on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Evergy currently has an average rating of "Moderate Buy" and an average target price of $87.75.

Evergy Company Profile

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company's business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.