Jonathan Rolph Acquires 1,640 Shares of Evergy (NASDAQ:EVRG) Stock

Key Points

• Evergy director Jonathan Rolph purchased 1,640 shares at an average price of $81.47, representing a total investment of $133,610.80.
• Evergy shares were trading at $80.20, down 0.8%, while the company’s latest quarterly results exceeded expectations with earnings per share of $0.88 and revenue of $1.50 billion.
• The company declared a quarterly dividend of $0.695 per share, equivalent to an annualized $2.78 payout and a 3.5% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $90.60.

Evergy Inc. (NASDAQ:EVRG - Get Free Report) Director Jonathan Rolph bought 1,640 shares of the firm's stock in a transaction dated Friday, September 11th. The stock was acquired at an average cost of $81.47 per share, with a total value of $133,610.80. Following the transaction, the director owned 670 shares of the company's stock, valued at $54,584.90. This trade represents a -169.07% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Evergy Stock Down 0.8%

NASDAQ:EVRG traded down $0.66 during trading hours on Tuesday, hitting $80.20. 1,773,840 shares of the company's stock traded hands, compared to its average volume of 2,064,105. The firm has a market cap of $18.49 billion, a P/E ratio of 20.36, a P/E/G ratio of 2.12 and a beta of 0.53. Evergy Inc. has a twelve month low of $71.20 and a twelve month high of $88.62. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.21 and a current ratio of 0.36. The stock's fifty day moving average price is $83.52 and its two-hundred day moving average price is $83.05.

Evergy (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.81 by $0.07. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.36 billion. Evergy had a return on equity of 9.20% and a net margin of 15.19%.During the same period last year, the company posted $0.82 EPS. On average, research analysts expect that Evergy Inc. will post 4.25 earnings per share for the current fiscal year.

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 18th will be given a dividend of $0.695 per share. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $2.78 dividend on an annualized basis and a yield of 3.5%. Evergy's payout ratio is presently 70.56%.

Hedge Funds Weigh In On Evergy

Several institutional investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC raised its holdings in Evergy by 0.8% in the 1st quarter. Kestra Advisory Services LLC now owns 15,829 shares of the company's stock valued at $1,297,000 after acquiring an additional 124 shares in the last quarter. Trilogy Capital Inc. raised its stake in shares of Evergy by 0.3% in the second quarter. Trilogy Capital Inc. now owns 47,210 shares of the company's stock valued at $4,080,000 after purchasing an additional 125 shares in the last quarter. Retirement Planning Group LLC raised its stake in shares of Evergy by 0.6% in the first quarter. Retirement Planning Group LLC now owns 23,659 shares of the company's stock valued at $1,938,000 after purchasing an additional 137 shares in the last quarter. Earned Wealth Advisors LLC lifted its position in Evergy by 4.9% in the first quarter. Earned Wealth Advisors LLC now owns 2,946 shares of the company's stock worth $241,000 after purchasing an additional 137 shares during the period. Finally, Optiver Holding B.V. boosted its stake in Evergy by 14.5% during the first quarter. Optiver Holding B.V. now owns 1,107 shares of the company's stock worth $91,000 after buying an additional 140 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EVRG. BMO Capital Markets lifted their target price on shares of Evergy from $88.00 to $92.00 and gave the company an "outperform" rating in a research note on Wednesday, July 22nd. Citigroup increased their price objective on Evergy from $95.00 to $97.00 and gave the stock a "buy" rating in a report on Friday, July 24th. BTIG Research set a $97.00 price objective on Evergy in a research report on Thursday, July 23rd. Weiss Ratings restated a "buy (b)" rating on shares of Evergy in a research note on Friday, August 7th. Finally, Barclays upped their target price on Evergy from $89.00 to $94.00 and gave the stock an "overweight" rating in a research report on Tuesday, June 30th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Evergy has a consensus rating of "Moderate Buy" and an average target price of $90.60.

Evergy Company Profile

Evergy, Inc is an investor-owned electric utility that generates, transmits, distributes and sells electricity to residential, commercial, industrial and other customers. The company operates regulated utilities and provides electric service through its Kansas and Missouri subsidiaries.

Evergy serves customers across much of Kansas and in western Missouri, including the Kansas City metropolitan area. Its generation portfolio includes a mix of renewable and conventional resources, such as wind, solar, natural gas and coal, as well as an ownership interest in the Wolf Creek nuclear generating station in Kansas.

The company was formed in 2018 through the merger of Great Plains Energy Incorporated and Westar Energy, Inc Evergy is headquartered in Topeka, Kansas, with significant operations in the Kansas City region.

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