Strs Ohio Takes $2.69 Million Position in Evergy Inc. $EVRG

Key Points

• Strs Ohio acquired a new stake in Evergy Inc. valued at approximately $2.69 million, purchasing 39,060 shares in the company's stock.
• Analysts have mixed ratings for Evergy, with a consensus rating of "Buy" and an average price target of $74.44, while some firms have adjusted their price targets recently.
• Evergy declared a quarterly dividend of $0.6675 per share, yielding approximately 3.7%, with the dividend payout ratio currently at 73.35%.

Strs Ohio bought a new stake in Evergy Inc. (NASDAQ:EVRG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 39,060 shares of the company's stock, valued at approximately $2,693,000.

Several other hedge funds and other institutional investors have also bought and sold shares of EVRG. Brighton Jones LLC bought a new position in Evergy in the fourth quarter valued at approximately $257,000. Focus Partners Wealth raised its position in Evergy by 119.0% during the fourth quarter. Focus Partners Wealth now owns 12,852 shares of the company's stock worth $802,000 after acquiring an additional 6,984 shares in the last quarter. Janus Henderson Group PLC raised its position in Evergy by 2.6% during the fourth quarter. Janus Henderson Group PLC now owns 20,958 shares of the company's stock worth $1,290,000 after acquiring an additional 527 shares in the last quarter. ProShare Advisors LLC raised its position in shares of Evergy by 14.1% in the fourth quarter. ProShare Advisors LLC now owns 34,844 shares of the company's stock valued at $2,145,000 after purchasing an additional 4,294 shares during the period. Finally, Royal Bank of Canada raised its position in shares of Evergy by 104.6% in the fourth quarter. Royal Bank of Canada now owns 476,323 shares of the company's stock valued at $29,318,000 after purchasing an additional 243,544 shares during the period. Institutional investors own 87.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Barclays decreased their price target on shares of Evergy from $73.00 to $71.00 and set an "overweight" rating on the stock in a research note on Friday, May 30th. Mizuho lifted their target price on shares of Evergy from $74.00 to $77.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Jefferies Financial Group set a $78.00 price target on shares of Evergy and gave the stock a "buy" rating in a report on Tuesday, June 10th. Finally, Wall Street Zen lowered shares of Evergy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One equities research 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.com, the stock has a consensus rating of "Buy" and an average target price of $74.44.

Insider Activity

In other Evergy news, SVP Lesley Lissette Elwell sold 8,000 shares of the business's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $72.33, for a total transaction of $578,640.00. Following the completion of the sale, the senior vice president directly owned 499 shares in the company, valued at $36,092.67. The trade was a 94.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.42% of the stock is currently owned by corporate insiders.

Evergy Price Performance

NASDAQ EVRG traded up $1.29 on Friday, reaching $72.57. 1,161,740 shares of the company's stock traded hands, compared to its average volume of 2,299,641. Evergy Inc. has a 12 month low of $59.00 and a 12 month high of $73.97. 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 $71.15 and a 200 day simple moving average of $68.62. The stock has a market cap of $16.70 billion, a PE ratio of 19.93, a P/E/G ratio of 3.14 and a beta of 0.58.

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, topping analysts' consensus estimates of $0.78 by $0.04. Evergy had a return on equity of 8.62% and a net margin of 14.29%.The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the firm posted $0.90 earnings per share. The firm's revenue was down .7% on a year-over-year basis. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. As a group, research analysts predict that Evergy Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The company 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. 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 payout ratio is currently 73.35%.

Evergy 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.