United Capital Financial Advisors LLC acquired a new position in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 25,942 shares of the company's stock, valued at approximately $2,242,000.
Other institutional investors have also recently modified their holdings of the company. Kestra Advisory Services LLC raised its stake in Evergy by 0.8% in the first quarter. Kestra Advisory Services LLC now owns 15,829 shares of the company's stock valued at $1,297,000 after purchasing an additional 124 shares in the last quarter. Trilogy Capital Inc. boosted its holdings in shares of Evergy by 0.3% in the 2nd quarter. Trilogy Capital Inc. now owns 47,210 shares of the company's stock valued at $4,080,000 after purchasing an additional 125 shares in the last quarter. Retirement Planning Group LLC boosted its holdings in shares of Evergy by 0.6% in the 1st quarter. Retirement Planning Group LLC now owns 23,659 shares of the company's stock valued at $1,938,000 after purchasing an additional 137 shares in the last quarter. Earned Wealth Advisors LLC increased its stake in shares of Evergy by 4.9% in the 1st quarter. Earned Wealth Advisors LLC now owns 2,946 shares of the company's stock valued at $241,000 after purchasing an additional 137 shares during the last quarter. Finally, Optiver Holding B.V. raised its holdings in shares of Evergy by 14.5% during the 1st quarter. Optiver Holding B.V. now owns 1,107 shares of the company's stock worth $91,000 after buying an additional 140 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors.
Evergy Price Performance
Shares of NASDAQ:EVRG opened at $80.65 on Friday. The firm has a market cap of $18.60 billion, a PE ratio of 20.47, a price-to-earnings-growth ratio of 2.11 and a beta of 0.54. The firm's fifty day moving average is $84.61 and its 200-day moving average is $82.97. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.21 and a current ratio of 0.36. Evergy Inc. has a 52 week low of $70.42 and a 52 week high of $88.62.
Evergy (NASDAQ:EVRG - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.07. The company had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.36 billion. Evergy had a net margin of 15.19% and a return on equity of 9.20%. During the same quarter in the previous year, the firm posted $0.82 earnings per share. Sell-side analysts predict that Evergy Inc. will post 4.25 earnings per share for the current year.
Evergy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, August 18th will be given a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Tuesday, August 18th. Evergy's dividend payout ratio (DPR) is 70.56%.
Insider Transactions at Evergy
In related news, EVP Charles A. Caisley sold 10,787 shares of Evergy stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $83.46, for a total value of $900,283.02. Following the transaction, the executive vice president directly owned 37,789 shares of the company's stock, valued at $3,153,869.94. The trade was a 22.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sandra Aj Lawrence sold 600 shares of the company's stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $81.41, for a total value of $48,846.00. Following the completion of the sale, the director owned 680 shares in the company, valued at $55,358.80. The trade was a 46.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,587 shares of company stock valued at $965,655 over the last 90 days. 1.52% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on EVRG. Citigroup raised their price objective on Evergy from $95.00 to $97.00 and gave the company a "buy" rating in a research note on Friday, July 24th. BMO Capital Markets increased their target price on shares of Evergy from $88.00 to $92.00 and gave the stock an "outperform" rating in a report on Wednesday, July 22nd. Barclays lifted their price target on shares of Evergy from $89.00 to $94.00 and gave the company an "overweight" rating in a report on Tuesday, June 30th. UBS Group increased their price objective on shares of Evergy from $88.00 to $91.00 and gave the company a "neutral" rating in a research note on Friday, May 8th. Finally, BTIG Research set a $97.00 target price on shares of Evergy in a research report on Thursday, July 23rd. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.60.
Check Out Our Latest Stock Analysis on EVRG
Evergy Profile
(
Free Report)
Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.
The company's business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.
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