QRG Capital Management Inc. Has $10.18 Million Stock Position in Evergy Inc. $EVRG

QRG Capital Management Inc. lessened its holdings in Evergy Inc. (NASDAQ:EVRG - Free Report) by 16.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 140,483 shares of the company's stock after selling 27,318 shares during the period. QRG Capital Management Inc. owned about 0.06% of Evergy worth $10,184,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EVRG. Harbor Capital Advisors Inc. bought a new stake in Evergy during the fourth quarter worth $27,000. Accredited Wealth Management LLC lifted its stake in Evergy by 1,310.3% during the 3rd quarter. Accredited Wealth Management LLC now owns 409 shares of the company's stock valued at $31,000 after acquiring an additional 380 shares in the last quarter. Sentry Investment Management LLC purchased a new position in Evergy during the 3rd quarter worth $41,000. TOWER TRUST & INVESTMENT Co purchased a new position in Evergy during the 4th quarter worth $42,000. Finally, Root Financial Partners LLC bought a new stake in shares of Evergy in the 3rd quarter worth $44,000. 87.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

EVRG has been the subject of several analyst reports. Barclays increased their target price on shares of Evergy from $82.00 to $89.00 and gave the company an "overweight" rating in a report on Monday, March 9th. BMO Capital Markets upped their price objective on shares of Evergy from $82.00 to $87.00 and gave the stock an "outperform" rating in a research report on Monday, February 23rd. Citigroup lifted their target price on shares of Evergy from $89.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, February 20th. UBS Group downgraded Evergy from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $86.00 to $88.00 in a research note on Friday, February 13th. Finally, Wells Fargo & Company set a $87.00 target price on Evergy in a report on Tuesday, April 21st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $89.30.

Evergy Price Performance

Shares of NASDAQ:EVRG opened at $81.61 on Wednesday. The company has a market capitalization of $18.79 billion, a P/E ratio of 22.24, a price-to-earnings-growth ratio of 2.13 and a beta of 0.56. The company's 50-day moving average is $82.08 and its 200 day moving average is $78.14. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.27 and a current ratio of 0.49. Evergy Inc. has a fifty-two week low of $63.29 and a fifty-two week high of $85.27.

Evergy (NASDAQ:EVRG - Get Free Report) last released its earnings results on Saturday, January 31st. The company reported $0.42 earnings per share for the quarter. Evergy had a net margin of 14.35% and a return on equity of 8.79%. On average, equities research analysts forecast that Evergy Inc. will post 4.25 earnings per share for the current year.

Evergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th were given a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Tuesday, March 10th. Evergy's dividend payout ratio is currently 75.75%.

Insider Activity

In other news, SVP Heather A. Humphrey sold 3,650 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $82.61, for a total transaction of $301,526.50. Following the completion of the transaction, the senior vice president owned 44,007 shares in the company, valued at approximately $3,635,418.27. This represents a 7.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ann D. Murtlow sold 2,847 shares of Evergy stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $82.34, for a total value of $234,421.98. Following the completion of the sale, the director directly owned 2,311 shares of the company's stock, valued at approximately $190,287.74. This trade represents a 55.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 8,937 shares of company stock valued at $736,492 in the last 90 days. Insiders own 1.52% of the company's stock.

About Evergy

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.

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