Northwest & Ethical Investments L.P. Purchases 6,409 Shares of Evergy Inc. $EVRG

Key Points

• Northwest & Ethical Investments L.P. significantly increased its investment in Evergy Inc., raising its stake by 291.3% in the first quarter, now holding 8,609 shares valued at approximately $593,000.
• Evergy's quarterly earnings report revealed an EPS of $0.82, exceeding estimates, while revenue was $1.43 billion, slightly below expectations.
• The company announced a quarterly dividend of $0.6675, with a dividend yield of 3.7%, scheduled for payment on September 19th.

Northwest & Ethical Investments L.P. grew its stake in Evergy Inc. (NASDAQ:EVRG - Free Report) by 291.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,609 shares of the company's stock after purchasing an additional 6,409 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Evergy were worth $593,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of EVRG. Nuveen LLC bought a new stake in Evergy during the 1st quarter worth approximately $212,132,000. GAMMA Investing LLC grew its position in Evergy by 8,154.8% during the 1st quarter. GAMMA Investing LLC now owns 973,574 shares of the company's stock worth $67,128,000 after acquiring an additional 961,780 shares during the last quarter. Maple Brown Abbott Ltd bought a new stake in Evergy during the 1st quarter worth approximately $63,444,000. Vaughan Nelson Investment Management L.P. bought a new stake in Evergy during the 1st quarter worth approximately $40,285,000. Finally, Captrust Financial Advisors grew its position in Evergy by 67.2% during the 4th quarter. Captrust Financial Advisors now owns 1,113,538 shares of the company's stock worth $68,538,000 after acquiring an additional 447,558 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors.

Evergy Trading Down 0.5%

Shares of EVRG stock traded down $0.3360 during trading hours on Monday, reaching $71.9640. The company had a trading volume of 198,508 shares, compared to its average volume of 2,325,819. The company has a 50 day moving average of $69.97 and a 200 day moving average of $68.09. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.50 and a quick ratio of 0.27. The firm has a market cap of $16.56 billion, a price-to-earnings ratio of 19.77, a P/E/G ratio of 3.16 and a beta of 0.48. Evergy Inc. has a 1-year low of $58.25 and a 1-year high of $73.97.

Evergy (NASDAQ:EVRG - Get Free Report) last posted its quarterly earnings results 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 for the quarter, compared to the consensus estimate 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 quarter 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, equities research analysts anticipate that Evergy Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The company 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. The ex-dividend date is Friday, August 22nd. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.7%. Evergy's dividend payout ratio is currently 73.35%.

Analyst Ratings Changes

A number of research firms recently commented on EVRG. Citigroup increased their price target on Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. UBS Group upgraded Evergy from a "neutral" rating to a "buy" rating and increased their price target for the stock from $68.00 to $78.00 in a research report on Monday, April 28th. LADENBURG THALM/SH SH raised Evergy to a "strong-buy" rating in a report on Thursday, May 8th. Barclays reduced their price objective on Evergy from $73.00 to $71.00 and set an "overweight" rating on the stock in a report on Friday, May 30th. Finally, Wall Street Zen downgraded Evergy from a "hold" rating to a "sell" rating in a 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 stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $74.44.

Evergy 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.