Glenview Trust co Acquires New Position in Evergy Inc. $EVRG

Key Points

• Glenview Trust co acquired 3,804 shares of Evergy Inc. valued at approximately $262,000 as part of its new stake during the first quarter.
• Evergy announced a quarterly dividend of $0.6675 per share, representing an annualized yield of 3.7%, with a dividend payout ratio of 73.35%.
• The company reported a quarterly earnings per share (EPS) of $0.82, exceeding analysts' estimates, and has set its FY 2025 EPS guidance between 3.920-4.120.

Glenview Trust co purchased a new position in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,804 shares of the company's stock, valued at approximately $262,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EVRG. Nuveen LLC bought a new stake in shares of Evergy during the 1st quarter worth about $212,132,000. GAMMA Investing LLC raised its position in shares of 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 buying an additional 961,780 shares in the last quarter. Maple Brown Abbott Ltd bought a new stake in shares of Evergy during the 1st quarter worth about $63,444,000. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Evergy during the 1st quarter worth about $40,285,000. Finally, Northern Trust Corp raised its holdings 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 purchasing an additional 392,361 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Lesley Lissette Elwell sold 8,000 shares of the business's stock in a transaction that occurred on Monday, September 15th. The shares were 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. The trade was a 94.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.42% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on EVRG shares. Mizuho boosted their target price on shares of Evergy from $74.00 to $77.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Jefferies Financial Group set a $78.00 target price on shares of Evergy and gave the stock a "buy" rating in a report on Tuesday, June 10th. Wall Street Zen downgraded shares of Evergy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, Barclays dropped their target price 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. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to MarketBeat.com, Evergy presently has an average rating of "Buy" and an average price target of $74.44.

Evergy Trading Up 0.7%

Shares of Evergy stock traded up $0.47 during trading on Wednesday, hitting $71.82. The stock had a trading volume of 473,767 shares, compared to its average volume of 2,296,271. The stock has a 50 day simple moving average of $71.06 and a 200 day simple moving average of $68.59. The company has a market capitalization of $16.53 billion, a PE ratio of 19.73, a P/E/G ratio of 3.16 and a beta of 0.58. The company has a quick ratio of 0.27, a current ratio of 0.50 and a debt-to-equity ratio of 1.24. Evergy Inc. has a 1 year low of $59.00 and a 1 year high of $73.97.

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 the consensus estimate of $0.78 by $0.04. Evergy had a net margin of 14.29% and a return on equity of 8.62%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period last year, the firm posted $0.90 earnings per share. The firm's quarterly revenue was down .7% compared to the same quarter last year. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. On average, research analysts expect that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Dividend Announcement

The business 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 dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.67 dividend on an annualized basis and a yield of 3.7%. Evergy's payout ratio is presently 73.35%.

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.