Evergy Inc. $EVRG Shares Purchased by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its stake in Evergy Inc. by 69.1%, acquiring 4,746 shares during the 1st quarter, totaling 11,619 shares valued at $801,000.
• Evergy recently announced a quarterly dividend of $0.6675 payable on September 19th, translating to an annualized dividend of $2.67 with a yield of 3.7%.
• Evergy's stock has a 12-month high of $73.97 and reported earnings of $0.82 per share for the last quarter, exceeding analysts' expectations of $0.78.

BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 69.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,619 shares of the company's stock after purchasing an additional 4,746 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Evergy were worth $801,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of EVRG. Horizon Investments LLC boosted its position in shares of Evergy by 4.9% during the 1st quarter. Horizon Investments LLC now owns 3,353 shares of the company's stock worth $231,000 after acquiring an additional 158 shares in the last quarter. Stolper Co increased its stake in Evergy by 0.5% in the first quarter. Stolper Co now owns 34,630 shares of the company's stock valued at $2,388,000 after purchasing an additional 169 shares during the last quarter. Retirement Planning Group LLC raised its holdings in Evergy by 0.9% during the fourth quarter. Retirement Planning Group LLC now owns 24,372 shares of the company's stock worth $1,500,000 after purchasing an additional 210 shares in the last quarter. MainStreet Investment Advisors LLC lifted its position in shares of Evergy by 4.7% during the 4th quarter. MainStreet Investment Advisors LLC now owns 4,877 shares of the company's stock worth $300,000 after buying an additional 221 shares during the last quarter. Finally, Parallel Advisors LLC boosted its holdings in shares of Evergy by 2.5% in the 1st quarter. Parallel Advisors LLC now owns 9,338 shares of the company's stock valued at $644,000 after buying an additional 227 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EVRG. Barclays cut their price target on shares of Evergy from $73.00 to $71.00 and set an "overweight" rating on the stock in a research note on Friday, May 30th. Mizuho upped 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. BMO Capital Markets assumed coverage on Evergy in a research note on Tuesday, May 13th. They set an "outperform" rating and a $75.00 price target on the stock. Citigroup boosted their price objective on Evergy from $77.00 to $79.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, Wall Street Zen downgraded Evergy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One 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 has a consensus rating of "Buy" and an average target price of $74.44.

Evergy Stock Performance

Shares of EVRG stock traded up $0.28 during mid-day trading on Wednesday, hitting $72.04. The stock had a trading volume of 803,906 shares, compared to its average volume of 2,326,430. The firm has a market cap of $16.58 billion, a PE ratio of 19.81, a PEG ratio of 3.13 and a beta of 0.48. The company's 50-day simple moving average is $70.16 and its 200-day simple moving average is $68.16. 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 $58.25 and a fifty-two week high of $73.97.

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

Evergy Dividend Announcement

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

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.