Huber Capital Management LLC Boosts Stock Position in Evergy Inc. $EVRG

Key Points

• Huber Capital Management LLC increased its stake in Evergy Inc. by 50.2%, acquiring an additional 4,600 shares to reach a total of 13,767 shares valued at approximately $949,000.
• Evergy reported earnings of $0.82 per share for the last quarter, exceeding estimates, but experienced a 0.7% decline in revenue year-over-year.
• The company announced a quarterly dividend of $0.6675 per share, with a dividend yield of 3.7%, to be paid on September 19th.

Huber Capital Management LLC lifted its holdings in Evergy Inc. (NASDAQ:EVRG - Free Report) by 50.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,767 shares of the company's stock after buying an additional 4,600 shares during the quarter. Huber Capital Management LLC's holdings in Evergy were worth $949,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of EVRG. Bfsg LLC purchased a new stake in shares of Evergy in the first quarter worth approximately $25,000. Colonial Trust Co SC purchased a new position in Evergy during the 4th quarter worth $32,000. Alpine Bank Wealth Management purchased a new position in Evergy during the 1st quarter worth $32,000. Olde Wealth Management LLC purchased a new position in Evergy during the 1st quarter worth $32,000. Finally, LRI Investments LLC purchased a new position in Evergy during the 1st quarter worth $32,000. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Evergy Stock Performance

Shares of NASDAQ EVRG traded up $0.05 during trading on Monday, reaching $71.26. 1,218,425 shares of the company traded hands, compared to its average volume of 2,285,930. The firm's fifty day simple moving average is $70.43 and its 200 day simple moving average is $68.28. The stock has a market cap of $16.40 billion, a P/E ratio of 19.58, a PEG ratio of 3.11 and a beta of 0.58. Evergy Inc. has a 12-month low of $58.25 and a 12-month high of $73.97. 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 (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. Evergy had a return on equity of 8.62% and a net margin of 14.29%.The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the business posted $0.90 earnings per share. Evergy's revenue for the quarter 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, research analysts anticipate that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 22nd will be given a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 3.7%. The ex-dividend date is Friday, August 22nd. Evergy's dividend payout ratio is presently 73.35%.

Analysts Set New Price Targets

Several research analysts have commented on the company. BMO Capital Markets began coverage on Evergy in a report on Tuesday, May 13th. They set an "outperform" rating and a $75.00 price objective on the stock. LADENBURG THALM/SH SH raised Evergy to a "strong-buy" rating in a research report on Thursday, May 8th. Jefferies Financial Group set a $78.00 target price on Evergy and gave the company a "buy" rating in a research report on Tuesday, June 10th. Citigroup increased their target price on Evergy from $77.00 to $79.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Finally, Wall Street Zen cut 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. According to MarketBeat.com, Evergy presently has an average rating of "Buy" and an average price target of $74.44.

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.