Callan Family Office LLC Invests $413,000 in Evergy Inc. $EVRG

Key Points

• Callan Family Office LLC has invested approximately $413,000 in Evergy Inc. by acquiring 5,992 shares during the second quarter, according to a recent SEC filing.
• Insider trading activity reported that SVP Lesley Lissette Elwell sold 8,000 shares for $578,640, significantly reducing her ownership by 94.13%.
• Evergy's recent earnings report showed a net margin of 14.29% and the company has set its FY 2025 EPS guidance at 3.920-4.120.

Callan Family Office LLC bought a new position in Evergy Inc. (NASDAQ:EVRG - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,992 shares of the company's stock, valued at approximately $413,000.

Other hedge funds have also modified their holdings of the company. Nuveen LLC bought a new position in shares of Evergy in the 1st quarter worth $212,132,000. Maple Brown Abbott Ltd bought a new position in shares of Evergy in the 1st quarter worth $63,444,000. Truist Financial Corp boosted its position in shares of Evergy by 2,959.7% in the 2nd quarter. Truist Financial Corp now owns 534,558 shares of the company's stock worth $36,847,000 after purchasing an additional 517,087 shares during the last quarter. Northern Trust Corp boosted its position in shares of Evergy by 16.7% in the 1st quarter. Northern Trust Corp now owns 2,737,480 shares of the company's stock worth $188,749,000 after purchasing an additional 392,361 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in shares of Evergy by 27.7% in the 1st quarter. AQR Capital Management LLC now owns 1,482,508 shares of the company's stock worth $101,715,000 after purchasing an additional 321,406 shares during the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Evergy news, SVP Lesley Lissette Elwell sold 8,000 shares of the company's stock in a transaction 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 owned 499 shares of the company's stock, valued at approximately $36,092.67. This represents a 94.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.42% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on EVRG shares. 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. Barclays restated an "outperform" rating on shares of Evergy in a research report on Thursday, October 9th. Jefferies Financial Group raised their price target on Evergy from $77.00 to $87.00 and gave the stock a "buy" rating in a research report on Thursday, October 9th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Evergy in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to MarketBeat.com, Evergy has an average rating of "Buy" and an average price target of $78.07.

Evergy Trading Up 0.7%

Shares of NASDAQ:EVRG opened at $78.65 on Thursday. Evergy Inc. has a 12-month low of $59.23 and a 12-month high of $78.89. The stock has a market cap of $18.10 billion, a PE ratio of 21.61, a P/E/G ratio of 3.61 and a beta of 0.57. The business has a 50 day moving average of $73.40 and a 200-day moving average of $69.79. 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 (NASDAQ:EVRG - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.04. Evergy had a return on equity of 8.62% and a net margin of 14.29%.The firm 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 earnings per share. The company's quarterly revenue was down .7% on a year-over-year basis. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. As a group, equities research analysts forecast that Evergy Inc. will post 3.83 earnings per share for the current 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 issued 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 presently 73.35%.

Evergy Company 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.

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