Dynamic Technology Lab Private Ltd Purchases New Position in Evergy Inc. $EVRG

Key Points

• Dynamic Technology Lab Private Ltd has acquired 15,159 shares of Evergy Inc., valued at approximately $1,045,000.
• Evergy reported $0.82 earnings per share for the last quarter, surpassing analysts' expectations of $0.78, despite a 0.7% decline in revenue year-over-year.
• The company declared a quarterly dividend of $0.6675 per share, with an annualized yield of 3.7%, set to be paid on September 19th.

Dynamic Technology Lab Private Ltd bought a new stake in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 15,159 shares of the company's stock, valued at approximately $1,045,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Horizon Investments LLC increased its position in shares of Evergy by 4.9% during the first quarter. Horizon Investments LLC now owns 3,353 shares of the company's stock valued at $231,000 after acquiring an additional 158 shares in the last quarter. Stolper Co increased its position in shares of Evergy by 0.5% during the first quarter. Stolper Co now owns 34,630 shares of the company's stock valued at $2,388,000 after acquiring an additional 169 shares in the last quarter. Retirement Planning Group LLC increased its position in shares of Evergy by 0.9% during the fourth quarter. Retirement Planning Group LLC now owns 24,372 shares of the company's stock valued at $1,500,000 after acquiring an additional 210 shares in the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its position in Evergy by 4.4% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,944 shares of the company's stock worth $341,000 after purchasing an additional 210 shares during the period. Finally, MainStreet Investment Advisors LLC grew its position in Evergy by 4.7% in the 4th quarter. MainStreet Investment Advisors LLC now owns 4,877 shares of the company's stock worth $300,000 after purchasing an additional 221 shares during the period. Institutional investors own 87.24% of the company's stock.

Evergy Price Performance

Shares of EVRG traded up $0.22 during trading hours on Friday, reaching $72.52. 1,206,827 shares of the stock traded hands, compared to its average volume of 1,912,977. The company has a current ratio of 0.50, a quick ratio of 0.27 and a debt-to-equity ratio of 1.24. Evergy Inc. has a 52-week low of $59.00 and a 52-week high of $73.97. The company's 50-day moving average price is $70.94 and its two-hundred day moving average price is $68.55. The company has a market cap of $16.69 billion, a P/E ratio of 19.92, a price-to-earnings-growth ratio of 3.16 and a beta of 0.58.

Evergy (NASDAQ:EVRG - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.04. Evergy had a net margin of 14.29% and a return on equity of 8.62%. The company had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.45 billion. During the same quarter in the previous year, the company earned $0.90 EPS. Evergy's revenue for the quarter was down .7% on a year-over-year basis. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. On average, analysts anticipate that Evergy Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, August 22nd. Evergy's payout ratio is currently 73.35%.

Wall Street Analyst Weigh In

A number of research firms have commented on EVRG. Mizuho lifted their target price on shares of Evergy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Wall Street Zen cut shares of Evergy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Jefferies Financial Group set a $78.00 price target on shares of Evergy and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Citigroup lifted their price target on shares of Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, Barclays lowered their target price on shares of Evergy from $73.00 to $71.00 and set an "overweight" rating on the stock in a research note on Friday, May 30th. One investment analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $74.44.

About Evergy

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.