Evergy Inc. $EVRG Stock Holdings Lessened by Price T Rowe Associates Inc. MD

Key Points

• Price T Rowe Associates Inc. reduced its holdings in Evergy Inc. by 10.1% during Q1, now owning approximately 0.53% of the company worth $84.6 million.
• Analysts have set a consensus rating of "Buy" for Evergy with an average price target of $74.44, while Jefferies recently issued a $78.00 target, indicating positive sentiment towards the stock.
• Evergy announced a quarterly dividend of $0.6675 per share, equating to an annualized yield of 3.7%, with a dividend payout ratio currently at 73.35%.

Price T Rowe Associates Inc. MD reduced its holdings in Evergy Inc. (NASDAQ:EVRG - Free Report) by 10.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,226,774 shares of the company's stock after selling 137,627 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.53% of Evergy worth $84,587,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Northern Trust Corp lifted its position in shares of Evergy by 16.7% in 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 bought a new position in shares of Evergy in the 1st quarter worth about $267,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Evergy in the 4th quarter worth about $1,728,000. HighTower Advisors LLC lifted its position in shares of Evergy by 26.6% in 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. Finally, Kestra Private Wealth Services LLC lifted its position in shares of Evergy by 9.5% in the 1st quarter. Kestra Private Wealth Services LLC now owns 4,562 shares of the company's stock worth $315,000 after buying an additional 396 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EVRG. Jefferies Financial Group set a $78.00 price target on shares of Evergy and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Citigroup increased their price objective on shares of Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Mizuho increased their price objective on shares of Evergy from $74.00 to $77.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Barclays dropped their price objective on shares of 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 cut shares of Evergy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One equities research 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.com, Evergy has a consensus rating of "Buy" and an average target price of $74.44.

Evergy Stock Down 0.9%

Evergy stock opened at $71.65 on Tuesday. The stock has a market cap of $16.49 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 3.16 and a beta of 0.48. The company has a current ratio of 0.50, a quick ratio of 0.27 and a debt-to-equity ratio of 1.24. The company's 50-day moving average price is $70.06 and its two-hundred day moving average price is $68.14. Evergy Inc. has a 52 week low of $58.25 and a 52 week high of $73.97.

Evergy (NASDAQ:EVRG - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.78 by $0.04. The firm had revenue of $1.43 billion for 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%. Evergy's quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the company earned $0.90 EPS. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. On average, analysts expect that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.67 annualized dividend and a yield of 3.7%. 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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