American Century Companies Inc. Has $227.15 Million Stake in Evergy Inc. $EVRG

Key Points

• American Century Companies Inc. has reduced its holdings in Evergy Inc. by 7.3%, selling 260,783 shares and maintaining ownership of approximately 1.43% of the company, valued at $227.1 million.
• Evergy recently reported an earnings per share (EPS) of $0.82, exceeding analyst expectations of $0.78, despite experiencing a slight revenue decline of 0.7% year-over-year.
• The company announced a quarterly dividend of $0.6675 per share, reflecting a 3.7% dividend yield and a payout ratio of 73.35%.

American Century Companies Inc. decreased its position in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 7.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,294,339 shares of the company's stock after selling 260,783 shares during the period. American Century Companies Inc. owned approximately 1.43% of Evergy worth $227,145,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Ethic Inc. increased its position in Evergy by 8.7% during the first quarter. Ethic Inc. now owns 17,093 shares of the company's stock worth $1,180,000 after acquiring an additional 1,364 shares during the period. Aberdeen Group plc grew its position in shares of Evergy by 35.5% during the 1st quarter. Aberdeen Group plc now owns 46,720 shares of the company's stock worth $3,197,000 after purchasing an additional 12,230 shares in the last quarter. Horizon Investments LLC increased its holdings in shares of Evergy by 4.9% during the first quarter. Horizon Investments LLC now owns 3,353 shares of the company's stock worth $231,000 after purchasing an additional 158 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Evergy by 13.4% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,712 shares of the company's stock worth $463,000 after purchasing an additional 795 shares during the period. Finally, Maple Brown Abbott Ltd acquired a new stake in shares of Evergy in the first quarter valued at approximately $63,444,000. Institutional investors own 87.24% of the company's stock.

Evergy Price Performance

Shares of NASDAQ EVRG traded down $0.2430 during midday trading on Thursday, reaching $72.3570. 335,825 shares of the company were exchanged, compared to its average volume of 2,337,503. The stock's 50-day moving average price is $69.79 and its 200-day moving average price is $67.94. The stock has a market cap of $16.65 billion, a P/E ratio of 19.87, a PEG ratio of 3.17 and a beta of 0.48. The company has a quick ratio of 0.27, a current ratio of 0.50 and a debt-to-equity ratio of 1.24. Evergy Inc. has a one year low of $58.12 and a one year high of $73.97.

Evergy (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.82 EPS 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 company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.45 billion. During the same period in the prior year, the company earned $0.90 EPS. Evergy's revenue was down .7% compared to the same quarter last year. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. On average, sell-side analysts anticipate that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 22nd will be issued a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.67 annualized dividend and a dividend yield of 3.7%. Evergy's dividend payout ratio (DPR) is 73.35%.

Wall Street Analyst Weigh In

EVRG has been the topic of a number of analyst reports. BMO Capital Markets assumed coverage on Evergy in a research report on Tuesday, May 13th. They set an "outperform" rating and a $75.00 price target on the stock. Barclays reduced their target price on Evergy from $73.00 to $71.00 and set an "overweight" rating on the stock in a report on Friday, May 30th. Mizuho raised 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 set a $78.00 price objective on shares of Evergy and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Finally, LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company's stock. According to MarketBeat.com, Evergy has a consensus rating of "Buy" and a consensus target price of $74.44.

Evergy 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.