Evergy Inc. $EVRG Stock Holdings Increased by Aberdeen Group plc

Key Points

• Aberdeen Group plc increased its holdings in Evergy Inc. by 58.4% during the 2nd quarter, owning a total of 74,012 shares valued at approximately $5.1 million.
• Evergy recently announced a quarterly dividend of $0.6675, representing an annualized yield of 3.4% with a payout ratio of 73.35%.
• Analysts have a consensus rating of Buy for Evergy, with target prices rising to as high as $87.00 following positive earnings results that exceeded expectations.

Aberdeen Group plc boosted its position in Evergy Inc. (NASDAQ:EVRG - Free Report) by 58.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 74,012 shares of the company's stock after buying an additional 27,292 shares during the quarter. Aberdeen Group plc's holdings in Evergy were worth $5,102,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bfsg LLC bought a new position in shares of Evergy during the first quarter valued at approximately $25,000. Alpine Bank Wealth Management bought a new position in shares of Evergy during the first quarter valued at approximately $32,000. LRI Investments LLC bought a new position in shares of Evergy during the first quarter valued at approximately $32,000. Clearstead Trust LLC bought a new position in shares of Evergy during the first quarter valued at approximately $32,000. Finally, Olde Wealth Management LLC bought a new position in shares of Evergy during the first quarter valued at approximately $32,000. 87.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on EVRG. Mizuho upped their target price on Evergy from $74.00 to $77.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Jefferies Financial Group increased their price objective on Evergy from $77.00 to $87.00 and gave the stock a "buy" rating in a report on Thursday, October 9th. Barclays reissued an "outperform" rating on shares of Evergy in a report on Thursday, October 9th. Finally, Weiss Ratings reissued a "buy (b-)" rating on shares of Evergy in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $78.07.

Evergy Price Performance

Shares of NASDAQ EVRG opened at $77.50 on Friday. Evergy Inc. has a fifty-two week low of $59.23 and a fifty-two week high of $79.32. The firm's 50-day simple moving average is $73.50 and its 200 day simple moving average is $69.85. 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 $17.84 billion, a P/E ratio of 21.29, a P/E/G ratio of 3.64 and a beta of 0.57.

Evergy (NASDAQ:EVRG - Get Free Report) last released its earnings results 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 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 revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.90 earnings per share. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. Equities analysts expect that Evergy Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The company also recently announced 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 was Friday, August 22nd. Evergy's dividend payout ratio is 73.35%.

Insiders Place Their Bets

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

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.