Evergy Inc. $EVRG Shares Bought by Focus Partners Advisor Solutions LLC

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in Evergy Inc. by 86.4%, owning 8,345 shares worth approximately $575,000 as of their latest SEC filing.
• Multiple analysts have set their price targets for Evergy, with BMO Capital Markets initiating coverage with an "outperform" rating and a price target of $75.00, and Citigroup raising its target from $77.00 to $79.00.
• Evergy announced a quarterly dividend of $0.6675, reflecting an annualized payout of $2.67 and a yield of 3.7%, with a payout ratio of 73.35%.

Focus Partners Advisor Solutions LLC increased its holdings in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 86.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,345 shares of the company's stock after purchasing an additional 3,867 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Evergy were worth $575,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Bfsg LLC purchased a new position in Evergy in the 1st quarter valued at about $25,000. Colonial Trust Co SC purchased a new position in Evergy in the 4th quarter valued at about $32,000. Alpine Bank Wealth Management purchased a new position in Evergy in the 1st quarter valued at about $32,000. Olde Wealth Management LLC purchased a new position in Evergy in the 1st quarter valued at about $32,000. Finally, LRI Investments LLC purchased a new position in Evergy in the 1st quarter valued at about $32,000. 87.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EVRG has been the subject of a number of analyst reports. BMO Capital Markets initiated coverage on shares of Evergy in a research report on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 price objective for the company. Barclays decreased their price objective on shares of Evergy from $73.00 to $71.00 and set an "overweight" rating for the company in a research report on Friday, May 30th. Citigroup upped their price objective on shares of Evergy from $77.00 to $79.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Jefferies Financial Group set a $78.00 price objective on shares of Evergy and gave the company a "buy" rating in a research report on Tuesday, June 10th. Finally, Wall Street Zen cut shares of Evergy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company's stock. According to MarketBeat, Evergy presently has a consensus rating of "Buy" and an average target price of $74.44.

Evergy Stock Up 0.0%

Shares of EVRG stock traded up $0.02 during trading hours on Friday, hitting $71.60. 2,182,774 shares of the company were exchanged, compared to its average volume of 1,906,817. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.27 and a current ratio of 0.50. Evergy Inc. has a one year low of $59.00 and a one year high of $73.97. The business's 50-day simple moving average is $70.73 and its two-hundred day simple moving average is $68.44. The stock has a market capitalization of $16.48 billion, a price-to-earnings ratio of 19.67, a P/E/G ratio of 3.13 and a beta of 0.58.

Evergy (NASDAQ:EVRG - Get Free Report) last released its quarterly earnings data 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. 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%. Evergy's quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.90 earnings per share. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. Sell-side analysts predict that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Dividend Announcement

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 paid a dividend of $0.6675 per share. The ex-dividend date is Friday, August 22nd. This represents a $2.67 annualized dividend and a yield of 3.7%. Evergy's dividend payout ratio is 73.35%.

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.