Integrity Alliance LLC. Purchases New Shares in Evergy Inc. $EVRG

Key Points

• Integrity Alliance LLC acquired 4,628 shares of Evergy Inc. worth approximately $319,000, marking its new position in the company during Q1.
• Wall Street analysts collectively grant Evergy a consensus rating of "Buy" with an average target price of $74.44, although opinions vary with some ratings ranging from "Strong Buy" to "Sell."
• Evergy announced a quarterly dividend of $0.6675 per share, translating to an annual yield of 3.7% and a payout ratio of 73.35%.

Integrity Alliance LLC. purchased a new stake in Evergy Inc. (NASDAQ:EVRG - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,628 shares of the company's stock, valued at approximately $319,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of EVRG. Bfsg LLC purchased a new stake in shares of Evergy in the first quarter valued at about $25,000. Alpine Bank Wealth Management purchased a new stake in shares of Evergy in the first quarter valued at about $32,000. LRI Investments LLC purchased a new stake in shares of Evergy in the first quarter valued at about $32,000. Clearstead Trust LLC purchased a new stake in shares of Evergy in the first quarter valued at about $32,000. Finally, Olde Wealth Management LLC purchased a new stake in shares of Evergy in the first quarter valued at about $32,000. 87.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Evergy news, SVP Lesley Lissette Elwell sold 8,000 shares of the 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 owned 499 shares of the company's stock, valued at $36,092.67. This trade represents a 94.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.42% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

EVRG has been the subject of a number of research reports. Barclays reduced their target price on shares of Evergy from $73.00 to $71.00 and set an "overweight" rating for the company in a report on Friday, May 30th. Wall Street Zen cut shares of Evergy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Mizuho upped their target price on shares of Evergy from $74.00 to $77.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Finally, Jefferies Financial Group set a $78.00 price target on shares of Evergy and gave the stock a "buy" rating in a research note on Tuesday, June 10th. One analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $74.44.

Evergy Stock Performance

Shares of Evergy stock traded down $0.48 on Thursday, reaching $71.28. 2,379,666 shares of the stock were exchanged, compared to its average volume of 1,840,278. 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 business has a fifty day moving average price of $71.15 and a two-hundred day moving average price of $68.62. Evergy Inc. has a 1-year low of $59.00 and a 1-year high of $73.97. The firm has a market capitalization of $16.41 billion, a PE ratio of 19.58, a PEG ratio of 3.14 and a beta of 0.58.

Evergy (NASDAQ:EVRG - Get Free Report) last issued 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 company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the prior year, the business posted $0.90 earnings per share. The firm'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, research analysts anticipate that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a yield of 3.7%. Evergy's dividend payout ratio (DPR) is currently 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.