Tower Research Capital LLC TRC trimmed its holdings in Evergy (NYSE:EVRG) by 85.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,007 shares of the company’s stock after selling 42,180 shares during the period. Tower Research Capital LLC TRC’s holdings in Evergy were worth $466,000 as of its most recent SEC filing.
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Several other institutional investors have also recently modified their holdings of EVRG. Knuff & Co LLC acquired a new stake in shares of Evergy in the third quarter worth $25,000. CWM LLC lifted its stake in shares of Evergy by 325.0% in the second quarter. CWM LLC now owns 425 shares of the company’s stock worth $26,000 after buying an additional 325 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in Evergy by 66.3% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 424 shares of the company’s stock valued at $26,000 after purchasing an additional 169 shares during the last quarter. Quest Capital Management Inc. ADV acquired a new position in Evergy during the 3rd quarter valued at $39,000. Finally, Mondrian Investment Partners LTD raised its stake in Evergy by 25.0% during the 3rd quarter. Mondrian Investment Partners LTD now owns 829 shares of the company’s stock valued at $55,000 after purchasing an additional 166 shares during the last quarter. Institutional investors and hedge funds own 87.95% of the company’s stock.
Shares of EVRG stock opened at $64.44 on Monday. Evergy has a 52-week low of $54.57 and a 52-week high of $67.81. The stock has a market cap of $14.75 billion, a price-to-earnings ratio of 24.13, a P/E/G ratio of 3.42 and a beta of 0.13. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.51 and a current ratio of 0.73. The firm has a fifty day moving average of $63.98 and a 200-day moving average of $62.33.
Evergy (NYSE:EVRG) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.02). Evergy had a net margin of 11.97% and a return on equity of 6.96%. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the prior year, the company posted $1.38 EPS. On average, sell-side analysts predict that Evergy will post 2.88 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Wednesday, November 27th will be paid a $0.505 dividend. This is a boost from Evergy’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $2.02 dividend on an annualized basis and a dividend yield of 3.13%. Evergy’s dividend payout ratio is currently 71.16%.
In other news, COO Kevin E. Bryant sold 4,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $64.56, for a total value of $258,240.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Anthony D. Somma sold 2,000 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $64.96, for a total transaction of $129,920.00. Following the completion of the sale, the chief financial officer now directly owns 50,636 shares in the company, valued at approximately $3,289,314.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,000 shares of company stock valued at $778,110. Corporate insiders own 0.38% of the company’s stock.
Several research firms recently commented on EVRG. UBS Group cut their target price on shares of Evergy from $68.00 to $67.00 and set a “neutral” rating for the company in a research note on Friday, October 18th. ValuEngine cut shares of Evergy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Bank of America cut shares of Evergy from a “neutral” rating to an “underperform” rating and set a $63.00 target price for the company. in a research note on Wednesday, November 20th. Zacks Investment Research upgraded shares of Evergy from a “sell” rating to a “hold” rating and set a $68.00 target price for the company in a research note on Wednesday, August 14th. Finally, SunTrust Banks upped their target price on shares of Evergy from $66.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $65.71.
Westar Energy, Inc engages in the generation, transmission and distribution of electricity in Kansas. It provides electricity to residential, commercial, and industrial customers in the cities of Topeka, Lawrence, Manhattan, Salina, and Hutchinson. The company was founded in 1924 and is headquartered in Topeka, KS.
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