GW Henssler & Associates Ltd. Increases Holdings in Evergy Inc. $EVRG

Key Points

• GW Henssler & Associates Ltd. increased its holdings in Evergy Inc. by 4.7%, acquiring an additional 17,035 shares during the first quarter, bringing their total to 379,354 shares.
• Evergy reported earnings of $0.82 per share for the last quarter, beating the consensus estimate of $0.78, despite a slight decline in revenue year-over-year.
• The company announced a quarterly dividend of $0.6675, which corresponds to an annualized dividend yield of 3.7% and a payout ratio of 73.35%.

GW Henssler & Associates Ltd. raised its holdings in Evergy Inc. (NASDAQ:EVRG - Free Report) by 4.7% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 379,354 shares of the company's stock after acquiring an additional 17,035 shares during the quarter. Evergy makes up 1.5% of GW Henssler & Associates Ltd.'s holdings, making the stock its 22nd largest holding. GW Henssler & Associates Ltd. owned about 0.16% of Evergy worth $26,156,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Nuveen LLC bought a new position in Evergy in the 1st quarter valued at $212,132,000. Northern Trust Corp grew its position in Evergy by 16.7% in the 1st quarter. Northern Trust Corp now owns 2,737,480 shares of the company's stock valued at $188,749,000 after acquiring an additional 392,361 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Evergy by 0.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,174,047 shares of the company's stock valued at $149,901,000 after acquiring an additional 13,555 shares during the last quarter. Jennison Associates LLC grew its position in Evergy by 11.2% in the 1st quarter. Jennison Associates LLC now owns 1,730,849 shares of the company's stock valued at $119,342,000 after acquiring an additional 174,269 shares during the last quarter. Finally, Two Sigma Advisers LP grew its position in Evergy by 12.8% in the 4th quarter. Two Sigma Advisers LP now owns 1,417,100 shares of the company's stock valued at $87,223,000 after acquiring an additional 161,000 shares during the last quarter. Institutional investors own 87.24% of the company's stock.

Evergy Stock Up 0.3%

Shares of NASDAQ EVRG traded up $0.19 during mid-day trading on Thursday, reaching $71.58. 3,794,401 shares of the company were exchanged, compared to its average volume of 2,330,865. The company has a quick ratio of 0.27, a current ratio of 0.50 and a debt-to-equity ratio of 1.24. The stock has a market cap of $16.47 billion, a price-to-earnings ratio of 19.66, a P/E/G ratio of 3.11 and a beta of 0.58. Evergy Inc. has a 1 year low of $59.00 and a 1 year high of $73.97. The firm has a 50-day moving average of $70.60 and a 200 day moving average of $68.36.

Evergy (NASDAQ:EVRG - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $1.43 billion during the quarter, compared to analysts' expectations of $1.45 billion. Evergy had a return on equity of 8.62% and a net margin of 14.29%.The firm's quarterly revenue was down .7% on a year-over-year basis. During the same period in the prior year, the business posted $0.90 EPS. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. On average, research analysts expect that Evergy Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

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

Analyst Upgrades and Downgrades

EVRG has been the topic of several research analyst reports. BMO Capital Markets initiated coverage on Evergy in a research report on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 price objective on the stock. Citigroup upped their target price on Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a report on Friday, May 16th. LADENBURG THALM/SH SH upgraded Evergy to a "strong-buy" rating in a report on Thursday, May 8th. Wall Street Zen cut Evergy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, Mizuho upped their target price on Evergy from $74.00 to $77.00 and gave the stock 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 issued a Buy rating to the company's stock. Based on data from MarketBeat, Evergy currently has an average rating of "Buy" and a consensus target price of $74.44.

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.