Advocate Group LLC Acquires 6,429 Shares of Evergy Inc. $EVRG

Key Points

• Advocate Group LLC increased its stake in Evergy Inc. by 4.6%, bringing its total holdings to 145,938 shares worth approximately $10,060,000.
• Evergy reported quarterly earnings of $0.82 per share, surpassing analysts' expectations of $0.78, although its revenue decreased 0.7% year-over-year.
• The company declared a quarterly dividend of $0.6675 per share, with an annualized yield of 3.4% and a payout ratio of 73.35%.

Advocate Group LLC raised its holdings in Evergy Inc. (NASDAQ:EVRG - Free Report) by 4.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 145,938 shares of the company's stock after buying an additional 6,429 shares during the quarter. Evergy accounts for approximately 1.8% of Advocate Group LLC's holdings, making the stock its 15th biggest holding. Advocate Group LLC owned approximately 0.06% of Evergy worth $10,060,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in EVRG. Brighton Jones LLC bought a new stake in shares of Evergy in the 4th quarter worth about $257,000. Park Avenue Securities LLC grew its holdings in Evergy by 14.8% during the 1st quarter. Park Avenue Securities LLC now owns 8,966 shares of the company's stock worth $618,000 after acquiring an additional 1,156 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Evergy by 124.3% during the 1st quarter. Farther Finance Advisors LLC now owns 6,068 shares of the company's stock valued at $419,000 after purchasing an additional 3,363 shares during the period. Yousif Capital Management LLC lifted its position in Evergy by 0.8% during the 1st quarter. Yousif Capital Management LLC now owns 45,808 shares of the company's stock valued at $3,158,000 after purchasing an additional 348 shares during the period. Finally, Wealthcare Advisory Partners LLC lifted its position in Evergy by 32.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 9,734 shares of the company's stock valued at $671,000 after purchasing an additional 2,412 shares during the period. Institutional investors own 87.24% of the company's stock.

Evergy Stock Performance

Shares of NASDAQ:EVRG opened at $77.47 on Friday. The company has a market capitalization of $17.83 billion, a price-to-earnings ratio of 21.28, a P/E/G ratio of 3.39 and a beta of 0.57. The firm's 50 day simple moving average is $73.11 and its 200 day simple moving average is $69.59. 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 Inc. has a fifty-two week low of $59.12 and a fifty-two 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 for the quarter, beating analysts' consensus estimates of $0.78 by $0.04. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.45 billion. Evergy had a net margin of 14.29% and a return on equity of 8.62%. Evergy's revenue for the quarter was down .7% on a year-over-year basis. During the same period last year, the company posted $0.90 EPS. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. As a group, sell-side analysts forecast 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. This represents a $2.67 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, August 22nd. Evergy's dividend payout ratio (DPR) is 73.35%.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Evergy news, SVP Lesley Lissette Elwell sold 8,000 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $72.33, for a total transaction of $578,640.00. Following the sale, the senior vice president directly owned 499 shares in the company, valued at approximately $36,092.67. This trade represents a 94.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.42% of the company's stock.

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.

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