Jupiter Topco LLC purchased a new position in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 19,832 shares of the company's stock, valued at approximately $1,714,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Bank of Nova Scotia bought a new stake in shares of Evergy during the second quarter worth approximately $3,569,000. Cullen Frost Bankers Inc. boosted its stake in Evergy by 4.9% in the fourth quarter. Cullen Frost Bankers Inc. now owns 316,511 shares of the company's stock valued at $22,944,000 after acquiring an additional 14,907 shares during the last quarter. Greenland Capital Management LP acquired a new stake in Evergy during the 2nd quarter worth $8,230,000. Vestcor Inc grew its holdings in Evergy by 49.6% during the 4th quarter. Vestcor Inc now owns 174,330 shares of the company's stock worth $12,637,000 after acquiring an additional 57,795 shares during the period. Finally, Qsemble Capital Management LP grew its holdings in Evergy by 295.4% during the 4th quarter. Qsemble Capital Management LP now owns 105,780 shares of the company's stock worth $7,668,000 after acquiring an additional 79,029 shares during the period. Institutional investors own 87.24% of the company's stock.
Evergy Stock Performance
Shares of EVRG opened at $81.93 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.21 and a current ratio of 0.36. Evergy Inc. has a twelve month low of $70.42 and a twelve month high of $88.62. The firm's 50 day moving average price is $84.30 and its two-hundred day moving average price is $83.04. The firm has a market cap of $18.89 billion, a P/E ratio of 20.79, a PEG ratio of 2.10 and a beta of 0.53.
Evergy (NASDAQ:EVRG - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.07. Evergy had a net margin of 15.19% and a return on equity of 9.20%. The company had revenue of $1.50 billion during the quarter, compared to analysts' expectations of $1.36 billion. During the same quarter in the prior year, the company earned $0.82 earnings per share. On average, analysts forecast that Evergy Inc. will post 4.25 EPS for the current fiscal year.
Evergy Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 18th will be paid a $0.695 dividend. The ex-dividend date of this dividend is Tuesday, August 18th. This represents a $2.78 dividend on an annualized basis and a yield of 3.4%. Evergy's dividend payout ratio is presently 70.56%.
Analyst Ratings Changes
A number of research analysts have recently weighed in on EVRG shares. Citigroup increased their price target on Evergy from $95.00 to $97.00 and gave the company a "buy" rating in a research note on Friday, July 24th. UBS Group lifted their price objective on Evergy from $88.00 to $91.00 and gave the stock a "neutral" rating in a research note on Friday, May 8th. Weiss Ratings reiterated a "buy (b)" rating on shares of Evergy in a report on Friday, August 7th. BMO Capital Markets increased their target price on Evergy from $88.00 to $92.00 and gave the company an "outperform" rating in a research note on Wednesday, July 22nd. Finally, BTIG Research set a $97.00 target price on Evergy in a research note on Thursday, July 23rd. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $90.60.
Read Our Latest Stock Analysis on Evergy
Insider Transactions at Evergy
In other Evergy news, EVP Charles Caisley sold 10,787 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $83.46, for a total transaction of $900,283.02. Following the completion of the transaction, the executive vice president owned 37,789 shares in the company, valued at approximately $3,153,869.94. This represents a 22.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 1.52% of the company's stock.
About Evergy
(
Free Report)
Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.
The company's business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Evergy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Evergy wasn't on the list.
While Evergy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.
Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
