Synergy Asset Management LLC acquired a new stake in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 74,470 shares of the company's stock, valued at approximately $5,133,000.
A number of other hedge funds and other institutional investors have also modified their holdings of EVRG. Amundi raised its position in Evergy by 14.2% in the first quarter. Amundi now owns 140,301 shares of the company's stock worth $9,710,000 after acquiring an additional 17,477 shares in the last quarter. Northern Trust Corp raised its position in Evergy by 16.7% in the first quarter. Northern Trust Corp now owns 2,737,480 shares of the company's stock worth $188,749,000 after acquiring an additional 392,361 shares in the last quarter. Sowell Financial Services LLC bought a new stake in Evergy in the first quarter worth about $267,000. Integrity Alliance LLC. bought a new stake in Evergy in the first quarter worth about $319,000. Finally, HighTower Advisors LLC raised its position in Evergy by 26.6% in the first quarter. HighTower Advisors LLC now owns 124,115 shares of the company's stock worth $8,558,000 after acquiring an additional 26,086 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors.
Evergy Price Performance
NASDAQ EVRG opened at $76.09 on Friday. The stock's 50-day moving average price is $72.24 and its two-hundred day moving average price is $69.16. The company has a current ratio of 0.50, a quick ratio of 0.27 and a debt-to-equity ratio of 1.24. The company has a market cap of $17.51 billion, a PE ratio of 20.90, a PEG ratio of 3.33 and a beta of 0.57. Evergy Inc. has a 1 year low of $59.00 and a 1 year high of $76.46.
Evergy (NASDAQ:EVRG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 8.62% and a net margin of 14.29%.The business's revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.90 EPS. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. On average, analysts predict that Evergy Inc. will post 3.83 EPS for the current year.
Evergy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 3.5%. The ex-dividend date was Friday, August 22nd. Evergy's payout ratio is presently 73.35%.
Insiders Place Their Bets
In other Evergy news, SVP Lesley Lissette Elwell sold 8,000 shares of Evergy 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 transaction, the senior vice president owned 499 shares of the company's stock, valued at $36,092.67. The trade was a 94.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.42% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
EVRG has been the topic of several research reports. Jefferies Financial Group set a $78.00 price target on shares of Evergy and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Mizuho boosted their price target 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. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to MarketBeat.com, Evergy currently has a consensus rating of "Buy" and a consensus target price of $74.44.
Read Our Latest Report on Evergy
About Evergy
(
Free Report)
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.
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