Landscape Capital Management L.L.C. Sells 4,788 Shares of Evergy Inc. $EVRG

Key Points

• Landscape Capital Management L.L.C. reduced its holdings in Evergy Inc. by 25.5%, owning 13,954 shares worth approximately $962,000 at the end of the last quarter.
• Evergy reported $0.82 earnings per share for the last quarter, surpassing estimates, but its revenue fell by 0.7% year-over-year, totaling $1.43 billion.
• The company announced a quarterly dividend of $0.6675, with a dividend yield of 3.7% and a payout ratio of 73.35%.

Landscape Capital Management L.L.C. reduced its position in Evergy Inc. (NASDAQ:EVRG - Free Report) by 25.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,954 shares of the company's stock after selling 4,788 shares during the period. Landscape Capital Management L.L.C.'s holdings in Evergy were worth $962,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in EVRG. Bfsg LLC bought a new stake in Evergy in the 1st quarter worth about $25,000. Colonial Trust Co SC purchased a new stake in Evergy during the fourth quarter valued at about $32,000. Alpine Bank Wealth Management purchased a new stake in shares of Evergy during the 1st quarter valued at approximately $32,000. Olde Wealth Management LLC purchased a new stake in shares of Evergy during the 1st quarter valued at approximately $32,000. Finally, LRI Investments LLC purchased a new stake in shares of Evergy in the first quarter worth about $32,000. 87.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on EVRG. LADENBURG THALM/SH SH raised shares of Evergy to a "strong-buy" rating in a report on Thursday, May 8th. BMO Capital Markets assumed coverage on Evergy in a research note on Tuesday, May 13th. They issued an "outperform" rating and a $75.00 target price for the company. Jefferies Financial Group set a $78.00 target price on Evergy and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Wall Street Zen cut shares of Evergy from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Finally, Citigroup boosted their target price on Evergy from $77.00 to $79.00 and gave the company a "buy" rating in a research note on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $74.44.

Evergy Stock Up 0.3%

Shares of Evergy stock traded up $0.19 on Thursday, reaching $71.58. The company's stock had a trading volume of 3,794,401 shares, compared to its average volume of 1,908,603. The firm's fifty day simple moving average is $70.67 and its two-hundred day simple moving average is $68.39. The company has a quick ratio of 0.27, a current ratio of 0.50 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $16.47 billion, a price-to-earnings ratio of 19.66, a P/E/G ratio of 3.12 and a beta of 0.58. Evergy Inc. has a 52 week low of $59.00 and a 52 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.78 by $0.04. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.45 billion. Evergy had a net margin of 14.29% and a return on equity of 8.62%. The business's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.90 EPS. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. Equities analysts anticipate that Evergy Inc. will post 3.83 earnings per share for the current year.

Evergy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be paid a $0.6675 dividend. 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 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.