Dynamic Advisor Solutions LLC Decreases Stock Holdings in Evergy, Inc. (NASDAQ:EVRG)

Dynamic Advisor Solutions LLC lowered its position in shares of Evergy, Inc. (NASDAQ:EVRG) by 17.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,455 shares of the company’s stock after selling 4,040 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Evergy were worth $1,197,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in EVRG. Pathway Financial Advisers LLC lifted its holdings in Evergy by 6,854.6% in the 3rd quarter. Pathway Financial Advisers LLC now owns 2,539,001 shares of the company’s stock worth $157,443,000 after buying an additional 2,502,493 shares during the period. Mizuho Securities USA LLC boosted its holdings in Evergy by 7,234.3% in the third quarter. Mizuho Securities USA LLC now owns 1,300,000 shares of the company’s stock valued at $80,613,000 after acquiring an additional 1,282,275 shares in the last quarter. FMR LLC increased its position in Evergy by 131.4% during the 3rd quarter. FMR LLC now owns 2,004,414 shares of the company’s stock valued at $124,294,000 after purchasing an additional 1,138,138 shares during the period. SG Americas Securities LLC raised its holdings in Evergy by 15,406.4% in the 4th quarter. SG Americas Securities LLC now owns 921,546 shares of the company’s stock worth $56,721,000 after purchasing an additional 915,603 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in Evergy by 2,628.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 725,367 shares of the company’s stock worth $44,980,000 after purchasing an additional 698,778 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on EVRG shares. Mizuho started coverage on shares of Evergy in a research report on Tuesday, October 29th. They set an “outperform” rating and a $67.00 price target on the stock. Guggenheim upgraded Evergy from a “neutral” rating to a “buy” rating in a report on Thursday. Wells Fargo & Company raised their target price on Evergy from $65.00 to $69.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Barclays reduced their price target on Evergy from $67.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, October 21st. Finally, LADENBURG THALM/SH SH raised Evergy from a “neutral” rating to a “buy” rating and raised their price objective for the company from $59.00 to $68.50 in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.79.

Evergy Stock Up 0.7 %

Shares of NASDAQ:EVRG opened at $63.52 on Monday. The company has a current ratio of 0.55, a quick ratio of 0.32 and a debt-to-equity ratio of 1.15. The stock has a fifty day simple moving average of $62.45 and a two-hundred day simple moving average of $60.63. Evergy, Inc. has a 12-month low of $48.04 and a 12-month high of $65.47. The stock has a market capitalization of $14.61 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 2.75 and a beta of 0.64.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.07. Evergy had a return on equity of 8.77% and a net margin of 14.77%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the previous year, the firm earned $1.88 EPS. Evergy’s quarterly revenue was up 8.5% compared to the same quarter last year. On average, research analysts anticipate that Evergy, Inc. will post 3.84 earnings per share for the current fiscal year.

Evergy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.6675 per share. This is a boost from Evergy’s previous quarterly dividend of $0.64. The ex-dividend date was Thursday, November 21st. This represents a $2.67 dividend on an annualized basis and a dividend yield of 4.20%. Evergy’s dividend payout ratio is presently 72.16%.

Insider Activity at Evergy

In other Evergy news, EVP Kevin E. Bryant sold 48,141 shares of the stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $62.93, for a total transaction of $3,029,513.13. Following the sale, the executive vice president now directly owns 1 shares in the company, valued at approximately $62.93. This trade represents a 100.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.47% of the stock is owned by insiders.

Evergy Company Profile

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.