Allianz Asset Management GmbH raised its holdings in Evergy Inc. (NASDAQ:EVRG - Free Report) by 4.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 710,266 shares of the company's stock after purchasing an additional 28,831 shares during the period. Allianz Asset Management GmbH owned approximately 0.31% of Evergy worth $48,959,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Alpine Bank Wealth Management bought a new stake in Evergy in the 1st quarter valued at about $32,000. Olde Wealth Management LLC bought a new stake in Evergy in the 1st quarter valued at about $32,000. LRI Investments LLC bought a new stake in Evergy in the 1st quarter valued at about $32,000. Clearstead Trust LLC bought a new stake in Evergy in the 1st quarter valued at about $32,000. Finally, Cary Street Partners Investment Advisory LLC bought a new stake in Evergy in the 1st quarter valued at about $34,000. Institutional investors own 87.24% of the company's stock.
Analysts Set New Price Targets
EVRG has been the subject of a number of recent research reports. Mizuho boosted their price objective on shares of Evergy from $74.00 to $77.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Evergy in a report on Wednesday, October 8th. Jefferies Financial Group upped their price target on shares of Evergy from $77.00 to $87.00 and gave the stock a "buy" rating in a report on Thursday, October 9th. Finally, Barclays reaffirmed an "outperform" rating on shares of Evergy in a report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $78.07.
Check Out Our Latest Report on Evergy
Evergy Price Performance
Shares of NASDAQ:EVRG opened at $77.98 on Friday. The company has a market cap of $17.95 billion, a price-to-earnings ratio of 21.42, a PEG ratio of 3.59 and a beta of 0.57. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.50 and a quick ratio of 0.27. The firm has a 50 day simple moving average of $73.61 and a 200 day simple moving average of $69.91. Evergy Inc. has a one year low of $59.23 and a one year high of $79.32.
Evergy (NASDAQ:EVRG - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.78 by $0.04. The business had revenue of $1.43 billion during 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%. The firm's revenue was down .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.90 EPS. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. Research analysts predict that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.
Evergy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 22nd were paid a $0.6675 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $2.67 annualized dividend and a yield of 3.4%. Evergy's dividend payout ratio is presently 73.35%.
Insider Buying and Selling
In related news, SVP Lesley Lissette Elwell sold 8,000 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $72.33, for a total value of $578,640.00. Following the completion of the transaction, the senior vice president owned 499 shares of the company's stock, valued at $36,092.67. This represents a 94.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.42% of the stock is currently owned by insiders.
About Evergy
(
Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Evergy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Evergy wasn't on the list.
While Evergy currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
