Great Lakes Advisors LLC purchased a new position in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 4,925 shares of the company's stock, valued at approximately $340,000.
Other large investors also recently made changes to their positions in the company. Bfsg LLC bought a new stake in Evergy in the 1st quarter valued at $25,000. Alpine Bank Wealth Management bought a new stake in Evergy in the 1st quarter valued at $32,000. LRI Investments LLC bought a new stake in Evergy in the 1st quarter valued at $32,000. Clearstead Trust LLC bought a new stake in Evergy in the 1st quarter valued at $32,000. Finally, Olde Wealth Management LLC bought a new stake in Evergy in the 1st quarter valued at $32,000. Institutional investors and hedge funds own 87.24% of the company's stock.
Insider Transactions at Evergy
In other Evergy news, SVP Lesley Lissette Elwell sold 8,000 shares of Evergy stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $72.33, for a total value of $578,640.00. Following the transaction, the senior vice president owned 499 shares in the company, valued at $36,092.67. The trade was a 94.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.42% of the stock is currently owned by corporate insiders.
Evergy Price Performance
Shares of NASDAQ EVRG traded down $0.48 during mid-day trading on Thursday, reaching $71.28. The company had a trading volume of 2,379,666 shares, compared to its average volume of 1,840,278. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.27 and a current ratio of 0.50. Evergy Inc. has a one year low of $59.00 and a one year high of $73.97. The firm has a market cap of $16.41 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 3.14 and a beta of 0.58. The business's 50-day simple moving average is $71.15 and its 200 day simple moving average is $68.62.
Evergy (NASDAQ:EVRG - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.78 by $0.04. Evergy had a return on equity of 8.62% and a net margin of 14.29%.The company had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.45 billion. During the same quarter last year, the business earned $0.90 earnings per share. Evergy's revenue was down .7% on a year-over-year basis. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. On average, research analysts predict that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.
Evergy Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, August 22nd. Evergy's payout ratio is currently 73.35%.
Analyst Ratings Changes
EVRG has been the topic of a number of research analyst reports. Wall Street Zen cut Evergy from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Mizuho increased their price objective on Evergy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Jefferies Financial Group set a $78.00 price objective on Evergy and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Finally, Barclays lowered their price objective on Evergy from $73.00 to $71.00 and set an "overweight" rating on the stock in a research report on Friday, May 30th. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $74.44.
Get Our Latest Stock Analysis on EVRG
About Evergy
(
Free Report)
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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