Evergy Inc. $EVRG Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC boosted its holdings in Evergy Inc. (NASDAQ:EVRG - Free Report) by 26.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 124,115 shares of the company's stock after purchasing an additional 26,086 shares during the quarter. HighTower Advisors LLC owned approximately 0.05% of Evergy worth $8,558,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Nuveen LLC acquired a new position in Evergy in the first quarter valued at $212,132,000. Northern Trust Corp increased its stake in Evergy by 5.7% in the fourth quarter. Northern Trust Corp now owns 2,345,119 shares of the company's stock valued at $144,342,000 after purchasing an additional 125,898 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Evergy by 0.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,174,047 shares of the company's stock valued at $149,901,000 after purchasing an additional 13,555 shares during the last quarter. Jennison Associates LLC increased its stake in Evergy by 11.2% in the first quarter. Jennison Associates LLC now owns 1,730,849 shares of the company's stock valued at $119,342,000 after purchasing an additional 174,269 shares during the last quarter. Finally, Two Sigma Advisers LP increased its stake in Evergy by 12.8% in the fourth quarter. Two Sigma Advisers LP now owns 1,417,100 shares of the company's stock valued at $87,223,000 after purchasing an additional 161,000 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Evergy Stock Up 0.1%

Shares of EVRG stock traded up $0.0850 during trading hours on Thursday, reaching $72.6850. The company had a trading volume of 1,011,041 shares, compared to its average volume of 2,341,654. 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 twelve month low of $58.12 and a twelve month high of $73.97. The company has a market capitalization of $16.73 billion, a P/E ratio of 19.99, a price-to-earnings-growth ratio of 3.17 and a beta of 0.48. The stock's fifty day simple moving average is $69.79 and its 200 day simple moving average is $67.94.

Evergy (NASDAQ:EVRG - Get Free Report) last posted its 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. Evergy had a return on equity of 8.62% and a net margin of 14.29%.The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the firm earned $0.90 earnings per share. The company's revenue for the quarter was down .7% compared to the same quarter last year. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. As a group, sell-side analysts expect that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The firm also recently disclosed 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. 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 dividend payout ratio (DPR) is 73.35%.

Wall Street Analyst Weigh In

EVRG has been the subject of several analyst reports. Barclays dropped their target price on Evergy from $73.00 to $71.00 and set an "overweight" rating for the company in a research note on Friday, May 30th. Jefferies Financial Group set a $78.00 price target on Evergy and gave the stock a "buy" rating in a research note on Tuesday, June 10th. UBS Group upgraded Evergy from a "neutral" rating to a "buy" rating and upped their price target for the stock from $68.00 to $78.00 in a research note on Monday, April 28th. Mizuho upped 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. Finally, LADENBURG THALM/SH SH upgraded Evergy to a "strong-buy" rating in a research note on Thursday, May 8th. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $74.44.

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.