CHURCHILL MANAGEMENT Corp Has $10.15 Million Holdings in Evergy Inc. $EVRG

Key Points

• CHURCHILL MANAGEMENT Corp has increased its holdings in Evergy Inc., now owning approximately 0.06% of the company, worth about $10.15 million.
• Evergy reported a quarterly earnings per share of $0.82, surpassing analysts' expectations of $0.78, despite a 0.7% decline in revenue year-over-year.
• The company recently declared a quarterly dividend of $0.6675, reflecting an annualized yield of 3.5% and a payout ratio of 73.35%.

CHURCHILL MANAGEMENT Corp increased its position in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 5.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 147,233 shares of the company's stock after purchasing an additional 6,989 shares during the period. CHURCHILL MANAGEMENT Corp owned about 0.06% of Evergy worth $10,149,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Horizon Investments LLC lifted its stake in shares of Evergy by 4.9% during the first quarter. Horizon Investments LLC now owns 3,353 shares of the company's stock valued at $231,000 after acquiring an additional 158 shares during the period. Rogco LP lifted its position in Evergy by 16.4% during the 2nd quarter. Rogco LP now owns 1,120 shares of the company's stock valued at $77,000 after purchasing an additional 158 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. boosted its stake in shares of Evergy by 4.4% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,944 shares of the company's stock valued at $341,000 after purchasing an additional 210 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Evergy by 6.0% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 3,905 shares of the company's stock valued at $269,000 after purchasing an additional 221 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Evergy by 9.9% during the 1st quarter. Smartleaf Asset Management LLC now owns 2,543 shares of the company's stock worth $173,000 after buying an additional 230 shares during the period. 87.24% of the stock is owned by institutional investors.

Evergy Stock Up 0.3%

Shares of NASDAQ:EVRG opened at $76.23 on Thursday. The company has a 50 day moving average price of $72.11 and a two-hundred day moving average price of $69.10. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.27 and a current ratio of 0.50. The company has a market capitalization of $17.54 billion, a PE ratio of 20.94, a PEG ratio of 3.32 and a beta of 0.57. Evergy Inc. has a 52 week low of $59.00 and a 52 week high of $76.46.

Evergy (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.82 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.04. Evergy had a net margin of 14.29% and a return on equity of 8.62%. The company had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.45 billion. During the same period last year, the firm posted $0.90 earnings per share. The business's quarterly revenue was down .7% compared to the same quarter last year. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, August 22nd. Evergy's dividend payout ratio is 73.35%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Mizuho increased their price objective on shares of Evergy from $74.00 to $77.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Jefferies Financial Group set a $78.00 price target on Evergy and gave the company a "buy" rating in a research note on Tuesday, June 10th. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $74.44.

Insider Activity at Evergy

In other news, SVP Lesley Lissette Elwell sold 8,000 shares of Evergy stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $72.33, for a total transaction of $578,640.00. Following the transaction, the senior vice president owned 499 shares in the company, valued at $36,092.67. The trade was a 94.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.42% of the stock is currently owned by corporate insiders.

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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