Evergy Inc. $EVRG Stock Holdings Lessened by Cwm LLC

Key Points

• Cwm LLC reduced its stake in Evergy Inc. by 1.6%, owning 293,341 shares worth approximately $20.22 million as of the latest SEC filing.
• Several analysts have issued positive ratings for Evergy, with Mizuho raising its price target to $77.00 and Jefferies increasing it to $87.00, reflecting a consensus rating of "Buy."
• Evergy declared a quarterly dividend of $0.6675 per share, translating to an annualized amount of $2.67 and a dividend yield of 3.4%.

Cwm LLC lessened its stake in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 1.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 293,341 shares of the company's stock after selling 4,847 shares during the period. Cwm LLC owned 0.13% of Evergy worth $20,220,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of EVRG. Bfsg LLC bought a new position in shares of Evergy in the first quarter valued at approximately $25,000. Alpine Bank Wealth Management bought a new position in shares of Evergy in the first quarter valued at approximately $32,000. Olde Wealth Management LLC bought a new position in shares of Evergy in the first quarter valued at approximately $32,000. LRI Investments LLC bought a new position in shares of Evergy in the first quarter valued at approximately $32,000. Finally, Clearstead Trust LLC bought a new position in shares of Evergy in the first quarter valued at approximately $32,000. Institutional investors own 87.24% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on EVRG shares. Barclays restated an "outperform" rating on shares of Evergy in a research note on Thursday. Mizuho raised their price objective on shares of Evergy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. Jefferies Financial Group raised their price objective on shares of Evergy from $77.00 to $87.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Evergy in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company. According to data from MarketBeat, Evergy presently has a consensus rating of "Buy" and a consensus target price of $76.94.

Insider Activity

In other Evergy news, SVP Lesley Lissette Elwell sold 8,000 shares of Evergy stock in a transaction on Monday, September 15th. The stock was sold at an average price of $72.33, for a total transaction 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 approximately $36,092.67. This trade represents a 94.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.42% of the company's stock.

Evergy Stock Up 1.0%

Shares of EVRG stock opened at $77.47 on Monday. The stock has a market cap of $17.83 billion, a P/E ratio of 21.28, a price-to-earnings-growth ratio of 3.58 and a beta of 0.57. Evergy Inc. has a one year low of $59.12 and a one year high of $78.56. The stock has a fifty day moving average price of $73.11 and a 200 day moving average price of $69.60. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.50 and a quick ratio of 0.27.

Evergy (NASDAQ:EVRG - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.82 earnings per share (EPS) 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 return on equity of 8.62% and a net margin of 14.29%.The business's revenue was down .7% on a year-over-year basis. During the same period last year, the business earned $0.90 earnings per share. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. Analysts predict that Evergy Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

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

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.

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