Jump Financial LLC Has $7.23 Million Stock Holdings in Evergy Inc. $EVRG

Key Points

• Jump Financial LLC significantly increased its stake in Evergy Inc. by 2,307.1%, owning 104,806 shares after purchasing an additional 100,452 shares in the first quarter.
• Wall Street analysts generally maintain a positive outlook on Evergy, with several firms raising their target prices and rating the stock as a "Buy," among them UBS Group and Citigroup.
• Evergy announced a quarterly dividend of $0.6675 per share, providing a dividend yield of 3.7% for investors, with the payout set for September 19th.

Jump Financial LLC lifted its stake in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 2,307.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,806 shares of the company's stock after acquiring an additional 100,452 shares during the period. Jump Financial LLC's holdings in Evergy were worth $7,226,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. SVB Wealth LLC bought a new stake in shares of Evergy during the first quarter worth $97,000. Smartleaf Asset Management LLC grew its position in Evergy by 9.9% in the first quarter. Smartleaf Asset Management LLC now owns 2,543 shares of the company's stock valued at $173,000 after purchasing an additional 230 shares in the last quarter. AlphaQuest LLC grew its position in Evergy by 17.5% in the first quarter. AlphaQuest LLC now owns 3,297 shares of the company's stock valued at $227,000 after purchasing an additional 492 shares in the last quarter. Allstate Corp grew its position in Evergy by 163.1% in the first quarter. Allstate Corp now owns 20,791 shares of the company's stock valued at $1,434,000 after purchasing an additional 12,889 shares in the last quarter. Finally, Barnes Wealth Management Group Inc bought a new position in Evergy in the first quarter valued at $201,000. Institutional investors own 87.24% of the company's stock.

Evergy Stock Performance

EVRG stock traded down $0.85 during trading hours on Thursday, reaching $71.21. The stock had a trading volume of 1,664,784 shares, compared to its average volume of 2,328,582. The stock has a market capitalization of $16.39 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 3.14 and a beta of 0.48. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.50 and a quick ratio of 0.27. The stock has a 50-day simple moving average of $70.26 and a 200 day simple moving average of $68.19. Evergy Inc. has a fifty-two week low of $58.25 and a fifty-two week high of $73.97.

Evergy (NASDAQ:EVRG - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.82 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 analysts' expectations of $1.45 billion. Evergy had a net margin of 14.29% and a return on equity of 8.62%. The company's revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter last year, the company posted $0.90 earnings per share. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. Analysts predict that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Stockholders 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 dividend yield of 3.7%. The ex-dividend date is Friday, August 22nd. Evergy's dividend payout ratio (DPR) is currently 73.35%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on EVRG. Citigroup raised their target price on shares of Evergy from $77.00 to $79.00 and gave the company a "buy" rating in a research report on Friday, May 16th. Wall Street Zen downgraded shares of Evergy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Mizuho raised their target price on shares of Evergy from $74.00 to $77.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a research report on Thursday, May 8th. Finally, BMO Capital Markets began coverage on shares of Evergy in a research report on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $74.44.

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.