Alpine Woods Capital Investors LLC Buys 34,722 Shares of Evergy Inc. $EVRG

Key Points

• Alpine Woods Capital Investors LLC increased its stake in Evergy Inc. by 228.6% in Q2, acquiring 34,722 shares for a total of 49,913 shares, valued at $3,441,000.
• Evergy recently announced a quarterly dividend of $0.6675, yielding 3.4%, with a payout ratio of 73.35%.
• Analysts have boosted their price targets for Evergy, with Jefferies Financial Group setting a target at $87.00 and Mizuho at $77.00, reflecting optimism about the stock's performance.

Alpine Woods Capital Investors LLC grew its position in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 228.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,913 shares of the company's stock after acquiring an additional 34,722 shares during the quarter. Alpine Woods Capital Investors LLC's holdings in Evergy were worth $3,441,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Bfsg LLC acquired a new position in Evergy during the 1st quarter worth approximately $25,000. Alpine Bank Wealth Management acquired a new position in Evergy during the 1st quarter worth approximately $32,000. Olde Wealth Management LLC acquired a new position in Evergy during the 1st quarter worth approximately $32,000. LRI Investments LLC acquired a new position in Evergy during the 1st quarter worth approximately $32,000. Finally, Clearstead Trust LLC acquired a new position in Evergy during the 1st quarter worth approximately $32,000. Institutional investors and hedge funds own 87.24% of the company's stock.

Insiders Place Their Bets

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

Evergy Trading Up 0.0%

Shares of Evergy stock opened at $77.49 on Tuesday. Evergy Inc. has a 12-month low of $59.23 and a 12-month high of $78.56. The stock has a market cap of $17.83 billion, a P/E ratio of 21.29, a P/E/G ratio of 3.58 and a beta of 0.57. The company has a quick ratio of 0.27, a current ratio of 0.50 and a debt-to-equity ratio of 1.24. The business's 50 day moving average is $73.19 and its 200-day moving average is $69.67.

Evergy (NASDAQ:EVRG - Get Free Report) last posted 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. Evergy had a return on equity of 8.62% and a net margin of 14.29%.The business had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.45 billion. During the same quarter in the prior year, the business earned $0.90 EPS. The firm's revenue for the quarter was down .7% on a year-over-year basis. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. Equities research analysts predict that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 22nd were paid a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, August 22nd. Evergy's dividend payout ratio is 73.35%.

Wall Street Analyst Weigh In

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

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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