Coppell Advisory Solutions LLC Sells 4,770 Shares of Evergy Inc. $EVRG

Key Points

• Coppell Advisory Solutions LLC reduced its holdings in Evergy Inc. by 36.3%, now owning 8,365 shares valued at approximately $576,000.
• Several other institutional investors, including Horizon Investments LLC and Banco Bilbao Vizcaya Argentaria S.A., have also adjusted their positions in Evergy, with 87.24% of the stock owned by institutional investors.
• Evergy recently announced a quarterly dividend of $0.6675 per share, yielding 3.8%, with a payout ratio of 73.35%.

Coppell Advisory Solutions LLC trimmed its holdings in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 36.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,365 shares of the company's stock after selling 4,770 shares during the period. Coppell Advisory Solutions LLC's holdings in Evergy were worth $576,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Brighton Jones LLC purchased a new stake in shares of Evergy during the fourth quarter valued at $257,000. Ameriprise Financial Inc. boosted its holdings in shares of Evergy by 5.1% in the fourth quarter. Ameriprise Financial Inc. now owns 295,489 shares of the company's stock worth $18,166,000 after buying an additional 14,273 shares during the period. Baird Financial Group Inc. increased its position in shares of Evergy by 19.1% in the fourth quarter. Baird Financial Group Inc. now owns 42,157 shares of the company's stock worth $2,595,000 after acquiring an additional 6,768 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of Evergy by 2.7% during the fourth quarter. Cetera Investment Advisers now owns 66,536 shares of the company's stock valued at $4,095,000 after acquiring an additional 1,741 shares during the period. Finally, EP Wealth Advisors LLC raised its holdings in shares of Evergy by 9.7% during the fourth quarter. EP Wealth Advisors LLC now owns 3,566 shares of the company's stock valued at $219,000 after acquiring an additional 315 shares during the period. Institutional investors and hedge funds own 87.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Barclays lowered their price objective on shares of Evergy from $73.00 to $71.00 and set an "overweight" rating on the stock in a research report on Friday, May 30th. Jefferies Financial Group set a $78.00 price target on Evergy and gave the company a "buy" rating in a report on Tuesday, June 10th. Wall Street Zen downgraded Evergy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Citigroup raised their price objective on Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Finally, Mizuho upped their target price on Evergy from $74.00 to $77.00 and gave the company an "outperform" rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. Based on data from MarketBeat.com, Evergy presently has a consensus rating of "Buy" and an average target price of $74.44.

Evergy Price Performance

Shares of Evergy stock traded up $0.22 during mid-day trading on Friday, reaching $72.52. 1,206,827 shares of the stock were exchanged, compared to its average volume of 2,312,511. The company has a market cap of $16.69 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 3.13 and a beta of 0.58. The company has a current ratio of 0.50, a quick ratio of 0.27 and a debt-to-equity ratio of 1.24. Evergy Inc. has a fifty-two week low of $59.00 and a fifty-two week high of $73.97. The firm has a 50-day simple moving average of $70.90 and a 200 day simple moving average of $68.52.

Evergy (NASDAQ:EVRG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.82 earnings per share (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 business had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.45 billion. During the same period in the previous year, the business posted $0.90 earnings per share. The firm's revenue for the quarter 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 predict that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Dividend Announcement

The company also recently disclosed 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. This represents a $2.67 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, August 22nd. Evergy's dividend payout ratio (DPR) 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.