20,303 Shares in Evergy Inc. $EVRG Bought by Leo Wealth LLC

Key Points

• Leo Wealth LLC acquired 20,303 shares of Evergy Inc., valued at approximately $1.4 million, marking a new position in the company during the 2nd quarter.
• Evergy's recent earnings report indicated $0.82 EPS, exceeding analysts' expectations by $0.04, despite a 0.7% year-over-year revenue decline to $1.43 billion.
• The company recently declared a quarterly dividend of $0.6675 per share, resulting in an annualized yield of 3.5% with a payout ratio of 73.35%.

Leo Wealth LLC bought a new position in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 20,303 shares of the company's stock, valued at approximately $1,399,000.

Other large investors have also bought and sold shares of the company. Amundi raised its position in Evergy by 14.2% during the 1st quarter. Amundi now owns 140,301 shares of the company's stock worth $9,710,000 after purchasing an additional 17,477 shares during the last quarter. Northern Trust Corp raised its position in shares of Evergy by 16.7% in the 1st quarter. Northern Trust Corp now owns 2,737,480 shares of the company's stock worth $188,749,000 after acquiring an additional 392,361 shares in the last quarter. Sowell Financial Services LLC bought a new position in shares of Evergy in the 1st quarter worth about $267,000. Integrity Alliance LLC. bought a new position in shares of Evergy in the 1st quarter worth about $319,000. Finally, HighTower Advisors LLC raised its position in shares of Evergy by 26.6% in the 1st quarter. HighTower Advisors LLC now owns 124,115 shares of the company's stock worth $8,558,000 after acquiring an additional 26,086 shares in the last quarter. 87.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Mizuho lifted their price objective on Evergy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Weiss Ratings reissued a "buy (b-)" rating on shares of Evergy in a research report on Wednesday. Barclays reissued an "outperform" rating on shares of Evergy in a research report on Thursday. Finally, Jefferies Financial Group lifted their price objective on Evergy from $77.00 to $87.00 and gave the stock a "buy" rating in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company's stock. According to data from MarketBeat, Evergy presently has an average rating of "Buy" and a consensus price target of $76.94.

Evergy Stock Performance

Shares of Evergy stock opened at $76.69 on Friday. Evergy Inc. has a one year low of $59.00 and a one year high of $78.56. The firm has a market capitalization of $17.65 billion, a price-to-earnings ratio of 21.07, a PEG ratio of 3.40 and a beta of 0.57. The business has a 50-day simple moving average of $72.99 and a 200 day simple moving average of $69.49. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.50 and a quick ratio of 0.27.

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

Evergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were paid a dividend of $0.6675 per share. The ex-dividend date was Friday, August 22nd. This represents a $2.67 dividend on an annualized basis and a yield of 3.5%. Evergy's payout ratio is 73.35%.

Insider Transactions at Evergy

In other Evergy news, SVP Lesley Lissette Elwell sold 8,000 shares of Evergy stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $72.33, for a total transaction of $578,640.00. Following the completion of the transaction, the senior vice president owned 499 shares in the company, valued at approximately $36,092.67. The trade was a 94.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.42% of the company's stock.

Evergy 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.

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