Evergy Inc. $EVRG Shares Bought by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Evergy Inc. by 101.3% during Q2, now holding 49,477 shares worth approximately $3.41 million.
• Evergy's latest earnings report revealed an EPS of $0.82, exceeding analyst expectations of $0.78, but the company's revenue decreased by 0.7% year-over-year.
• The company declared a quarterly dividend of $0.6675 per share, yielding approximately 3.4%, with a payout ratio of 73.35% from its earnings.

Robeco Institutional Asset Management B.V. lifted its position in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 101.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 49,477 shares of the company's stock after buying an additional 24,899 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Evergy were worth $3,410,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Amundi increased its holdings in shares of Evergy by 14.2% during the 1st quarter. Amundi now owns 140,301 shares of the company's stock worth $9,710,000 after buying an additional 17,477 shares during the last quarter. Northern Trust Corp increased 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 worth $188,749,000 after buying an additional 392,361 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Evergy during the 1st quarter worth $267,000. Integrity Alliance LLC. acquired a new stake in shares of Evergy during the 1st quarter worth $319,000. Finally, HighTower Advisors LLC increased its holdings in shares of Evergy by 26.6% during the 1st quarter. HighTower Advisors LLC now owns 124,115 shares of the company's stock worth $8,558,000 after buying an additional 26,086 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Evergy Stock Up 1.1%

Shares of Evergy stock opened at $77.48 on Tuesday. The company has a fifty day moving average price of $72.56 and a 200 day moving average price of $69.31. 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 twelve month low of $59.00 and a twelve month high of $77.71. The stock has a market cap of $17.83 billion, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 3.35 and a beta of 0.57.

Evergy (NASDAQ:EVRG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.78 by $0.04. The company had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.45 billion. Evergy had a net margin of 14.29% and a return on equity of 8.62%. The firm's revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the company posted $0.90 EPS. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. Equities research analysts forecast that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 22nd. Evergy's dividend payout ratio is presently 73.35%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on EVRG. Mizuho upped their price objective on Evergy from $74.00 to $77.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Jefferies Financial Group set a $78.00 price objective on Evergy and gave the stock a "buy" rating in a report on Tuesday, June 10th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Evergy in a research report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $74.44.

Insiders Place Their Bets

In other Evergy news, SVP Lesley Lissette Elwell sold 8,000 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $72.33, for a total value of $578,640.00. Following the completion of the transaction, the senior vice president directly owned 499 shares of the company's stock, valued at $36,092.67. This represents a 94.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.42% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding EVRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Evergy Inc. (NASDAQ:EVRG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.