Exencial Wealth Advisors LLC Has $11.94 Million Holdings in Evergy Inc. $EVRG

Key Points

• Exencial Wealth Advisors LLC reduced its stake in Evergy Inc. by 4.5%, now holding approximately $11.94 million in assets with 173,255 shares at the end of the most recent reporting period.
• Evergy reported a quarterly earnings per share of $0.82 which surpassed analysts' expectations, despite a slight year-over-year revenue decline of 0.7%.
• The company has recently announced a quarterly dividend of $0.6675 per share, translating to an annual dividend yield of 3.4% and a payout ratio of 73.35%.

Exencial Wealth Advisors LLC cut its holdings in Evergy Inc. (NASDAQ:EVRG - Free Report) by 4.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 173,255 shares of the company's stock after selling 8,243 shares during the quarter. Exencial Wealth Advisors LLC owned approximately 0.08% of Evergy worth $11,942,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Alpine Bank Wealth Management bought a new position in shares of Evergy during the first quarter worth about $32,000. Olde Wealth Management LLC bought a new position in shares of Evergy during the first quarter worth about $32,000. LRI Investments LLC acquired a new position in Evergy in the first quarter valued at approximately $32,000. Clearstead Trust LLC acquired a new position in Evergy in the first quarter valued at approximately $32,000. Finally, Cary Street Partners Investment Advisory LLC bought a new stake in shares of Evergy during the first quarter valued at approximately $34,000. 87.24% of the stock is owned by institutional investors and hedge funds.

Evergy Stock Performance

Shares of EVRG opened at $78.12 on Wednesday. The company has a market cap of $17.98 billion, a PE ratio of 21.46, a price-to-earnings-growth ratio of 3.64 and a beta of 0.57. 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 stock has a 50-day moving average price of $73.84 and a 200-day moving average price of $70.06. Evergy Inc. has a 12-month low of $59.23 and a 12-month high of $79.32.

Evergy (NASDAQ:EVRG - Get Free Report) last issued its quarterly earnings results 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 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 company's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the company posted $0.90 EPS. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. As a group, equities analysts forecast that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Evergy

In related news, SVP Lesley Lissette Elwell sold 8,000 shares of the firm's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $72.33, for a total transaction of $578,640.00. Following 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.42% of the company's stock.

About Evergy

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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