Beck Bode LLC Has $9.62 Million Stock Holdings in Evergy (NYSE:EVRG)

Beck Bode LLC raised its position in shares of Evergy (NYSE:EVRG) by 4.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,476 shares of the company’s stock after buying an additional 6,041 shares during the quarter. Evergy comprises 4.2% of Beck Bode LLC’s portfolio, making the stock its 6th biggest holding. Beck Bode LLC’s holdings in Evergy were worth $9,616,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Knuff & Co LLC bought a new position in Evergy in the third quarter worth approximately $25,000. CWM LLC grew its stake in Evergy by 325.0% in the 2nd quarter. CWM LLC now owns 425 shares of the company’s stock valued at $26,000 after acquiring an additional 325 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings 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 acquiring an additional 169 shares in the last quarter. Prime Capital Investment Advisors LLC purchased a new position in Evergy during the 3rd quarter valued at about $28,000. Finally, Quest Capital Management Inc. ADV acquired a new position in Evergy during the third quarter worth about $39,000. Institutional investors and hedge funds own 86.21% of the company’s stock.

Several analysts have issued reports on the stock. Wells Fargo & Co set a $69.00 price target on shares of Evergy and gave the company a “hold” rating in a report on Tuesday, September 3rd. Zacks Investment Research upgraded shares of Evergy from a “sell” rating to a “hold” rating and set a $68.00 target price on the stock in a research report on Wednesday, August 14th. Guggenheim lifted their target price on shares of Evergy from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, August 27th. UBS Group cut their price target on Evergy from $68.00 to $67.00 and set a “neutral” rating for the company in a report on Friday, October 18th. Finally, Bank of America downgraded Evergy from a “neutral” rating to an “underperform” rating in a report on Wednesday, November 27th. Two 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. Evergy currently has a consensus rating of “Hold” and a consensus price target of $65.71.

NYSE:EVRG traded up $0.06 during mid-day trading on Tuesday, reaching $62.44. The company’s stock had a trading volume of 8,278 shares, compared to its average volume of 1,817,789. The company’s fifty day simple moving average is $63.68 and its two-hundred day simple moving average is $62.62. 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 has a twelve month low of $54.57 and a twelve month high of $67.81. The stock has a market cap of $14.42 billion, a P/E ratio of 23.39, a P/E/G ratio of 3.41 and a beta of 0.12.

Evergy (NYSE:EVRG) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.57 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $1.62 billion. During the same quarter last year, the firm earned $1.38 EPS. Sell-side analysts expect that Evergy will post 2.88 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Wednesday, November 27th will be given a $0.505 dividend. The ex-dividend date is Tuesday, November 26th. This is a boost from Evergy’s previous quarterly dividend of $0.48. This represents a $2.02 annualized dividend and a dividend yield of 3.24%. Evergy’s dividend payout ratio (DPR) is currently 75.66%.

In other news, EVP Greg A. Greenwood sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $64.75, for a total transaction of $323,750.00. Following the completion of the sale, the executive vice president now owns 24,426 shares in the company, valued at approximately $1,581,583.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Anthony D. Somma sold 2,000 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $64.96, for a total value of $129,920.00. Following the sale, the chief financial officer now owns 50,636 shares of the company’s stock, valued at approximately $3,289,314.56. The disclosure for this sale can be found here. Insiders sold 12,000 shares of company stock worth $778,110 over the last three months. Corporate insiders own 0.38% of the company’s stock.

Evergy 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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Institutional Ownership by Quarter for Evergy (NYSE:EVRG)

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