Capital Fund Management S.A. Buys 42,286 Shares of Evergy Inc. $EVRG

Key Points

• Capital Fund Management S.A. increased its holdings in Evergy Inc. by 175.1% in the first quarter, acquiring an additional 42,286 shares valued at approximately $4.58 million.
• Evergy has received mixed ratings from analysts, with one strong buy and eight buy ratings, while Wall Street Zen downgraded it to a "sell" rating.
• The firm announced a quarterly dividend of $0.6675, with a yield of 3.7%, set to be paid on September 19th to shareholders of record on August 22nd.

Capital Fund Management S.A. grew its holdings in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 175.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 66,433 shares of the company's stock after purchasing an additional 42,286 shares during the quarter. Capital Fund Management S.A.'s holdings in Evergy were worth $4,581,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Northern Trust Corp raised its holdings in shares of Evergy by 16.7% during the 1st quarter. Northern Trust Corp now owns 2,737,480 shares of the company's stock valued at $188,749,000 after purchasing an additional 392,361 shares in the last quarter. Sowell Financial Services LLC bought a new position in Evergy in the 1st quarter worth $267,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Evergy in the 4th quarter worth $1,728,000. HighTower Advisors LLC raised its holdings in Evergy by 26.6% in the 1st quarter. HighTower Advisors LLC now owns 124,115 shares of the company's stock worth $8,558,000 after acquiring an additional 26,086 shares during the period. Finally, Kestra Private Wealth Services LLC raised its holdings in Evergy by 9.5% in the 1st quarter. Kestra Private Wealth Services LLC now owns 4,562 shares of the company's stock worth $315,000 after acquiring an additional 396 shares during the period. Institutional investors own 87.24% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Jefferies Financial Group set a $78.00 target price on shares of Evergy and gave the stock a "buy" rating in a report on Tuesday, June 10th. LADENBURG THALM/SH SH upgraded shares of Evergy to a "strong-buy" rating in a research report on Thursday, May 8th. Mizuho raised their price target on shares of Evergy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Citigroup raised their price target on shares of Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, Wall Street Zen lowered shares of Evergy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One investment 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, Evergy currently has a consensus rating of "Buy" and a consensus price target of $74.44.

Evergy Price Performance

Shares of Evergy stock traded down $0.84 during trading on Thursday, hitting $71.22. 752,631 shares of the company's stock traded hands, compared to its average volume of 2,322,748. 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's fifty day moving average price is $70.26 and its 200 day moving average price is $68.19. Evergy Inc. has a twelve month low of $58.25 and a twelve month high of $73.97. The company has a market cap of $16.39 billion, a PE ratio of 19.57, a PEG ratio of 3.14 and a beta of 0.48.

Evergy (NASDAQ:EVRG - Get Free Report) last released 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. The firm 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 company's revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.90 earnings per share. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. Analysts forecast that Evergy Inc. will post 3.83 earnings per share for the current year.

Evergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be given a $0.6675 dividend. The ex-dividend date is Friday, August 22nd. This represents a $2.67 dividend on an annualized basis and a yield of 3.7%. Evergy's payout ratio is 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.