Evergy (NYSE:EVRG) SVP Heather A. Humphrey sold 1,000 shares of Evergy stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $62.82, for a total transaction of $62,820.00. Following the sale, the senior vice president now directly owns 35,337 shares of the company’s stock, valued at approximately $2,219,870.34. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
EVRG stock traded down $0.20 during trading on Friday, reaching $63.33. 1,553 shares of the company were exchanged, compared to its average volume of 1,738,031. The company has a 50-day moving average of $63.62 and a two-hundred day moving average of $62.69. The company has a market capitalization of $14.42 billion, a price-to-earnings ratio of 23.80, a P/E/G ratio of 3.41 and a beta of 0.12. Evergy has a twelve month low of $54.57 and a twelve month high of $67.81. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.73 and a quick ratio of 0.51.
Evergy (NYSE:EVRG) last released its quarterly earnings data on Wednesday, November 6th. The company reported $1.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.59 by ($0.02). The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.62 billion. Evergy had a return on equity of 6.96% and a net margin of 11.97%. During the same quarter in the prior year, the company earned $1.38 earnings per share. On average, analysts forecast that Evergy will post 2.88 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in EVRG. Knuff & Co LLC acquired a new position in Evergy in the 3rd quarter valued at approximately $25,000. CWM LLC boosted its stake in shares of Evergy by 325.0% in the 2nd quarter. CWM LLC now owns 425 shares of the company’s stock valued at $26,000 after purchasing an additional 325 shares during the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Evergy by 66.3% in 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. Prime Capital Investment Advisors LLC bought a new stake in shares of Evergy in the 3rd quarter valued at $28,000. Finally, Quest Capital Management Inc. ADV bought a new position in Evergy during the third quarter worth $39,000. Institutional investors and hedge funds own 86.21% of the company’s stock.
A number of analysts have issued reports on the stock. Wells Fargo & Co set a $69.00 price objective on shares of Evergy and gave the company a “hold” rating in a report on Tuesday, September 3rd. ValuEngine cut shares of Evergy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Guggenheim boosted their target price on shares of Evergy from $65.00 to $70.00 and gave the company a “buy” rating in a research report on Tuesday, August 27th. SunTrust Banks boosted their target price on shares of Evergy from $66.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, Bank of America cut shares of Evergy from a “neutral” rating to an “underperform” rating in a research report on Wednesday, November 27th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $65.71.
Evergy Company Profile
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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