3,377 Shares in Evergy Inc. $EVRG Purchased by Morningstar Investment Management LLC

Key Points

• Morningstar Investment Management LLC acquired 3,377 shares of Evergy Inc., valued at approximately $233,000, in the second quarter.
• Evergy reported earnings of $0.82 per share, surpassing analysts' estimates and setting a full-year 2025 guidance of 3.920-4.120 EPS.
• The company declared a quarterly dividend of $0.6675 per share, resulting in an annualized yield of 3.4% and a payout ratio of 73.35%.

Morningstar Investment Management LLC purchased a new position in Evergy Inc. (NASDAQ:EVRG - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 3,377 shares of the company's stock, valued at approximately $233,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EVRG. Nuveen LLC purchased a new position in shares of Evergy during the first quarter valued at approximately $212,132,000. Northern Trust Corp boosted its position in shares of Evergy by 16.7% during the first quarter. Northern Trust Corp now owns 2,737,480 shares of the company's stock valued at $188,749,000 after buying an additional 392,361 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Evergy by 0.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,174,047 shares of the company's stock valued at $149,901,000 after buying an additional 13,555 shares during the period. Jennison Associates LLC boosted its position in shares of Evergy by 11.2% during the first quarter. Jennison Associates LLC now owns 1,730,849 shares of the company's stock valued at $119,342,000 after buying an additional 174,269 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Evergy by 27.7% during the first quarter. AQR Capital Management LLC now owns 1,482,508 shares of the company's stock valued at $101,715,000 after buying an additional 321,406 shares during the period. Hedge funds and other institutional investors own 87.24% of the company's stock.

Evergy Stock Up 0.8%

Shares of NASDAQ EVRG opened at $78.09 on Wednesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.27 and a current ratio of 0.50. The firm has a market capitalization of $17.97 billion, a price-to-earnings ratio of 21.45, a PEG ratio of 3.59 and a beta of 0.57. The stock has a 50 day moving average price of $73.30 and a 200 day moving average price of $69.73. Evergy Inc. has a 52-week low of $59.23 and a 52-week high of $78.56.

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

Evergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were issued 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 3.4%. Evergy's dividend payout ratio is currently 73.35%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EVRG. Jefferies Financial Group boosted their target price on Evergy from $77.00 to $87.00 and gave the company a "buy" rating in a research report on Thursday, October 9th. Barclays restated an "outperform" rating on shares of Evergy in a research report on Thursday, October 9th. Mizuho boosted their target price on Evergy from $74.00 to $77.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Evergy in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $76.94.

Insiders Place Their Bets

In other Evergy news, SVP Lesley Lissette Elwell sold 8,000 shares of the company's stock in a transaction on 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 sale, the senior vice president owned 499 shares in the company, valued at $36,092.67. This represents a 94.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.42% of the stock is currently owned by corporate insiders.

Evergy Company 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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