Voya Investment Management LLC Sells 9,233 Shares of Evergy Inc. $EVRG

Key Points

• Voya Investment Management LLC has reduced its stake in Evergy Inc. by 3.9%, selling 9,233 shares and owning now 224,944 shares valued at approximately $15.5 million.
• Evergy's recent earnings report surpassed analysts' expectations with $0.82 EPS, although revenue of $1.43 billion slightly fell short of predictions.
• The company plans to pay a quarterly dividend of $0.6675 on September 19th, representing an annualized dividend of $2.67 with a yield of 3.7%.

Voya Investment Management LLC lessened its position in shares of Evergy Inc. (NASDAQ:EVRG - Free Report) by 3.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 224,944 shares of the company's stock after selling 9,233 shares during the quarter. Voya Investment Management LLC owned approximately 0.10% of Evergy worth $15,510,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Inspire Investing LLC boosted its holdings in Evergy by 3.3% in the 1st quarter. Inspire Investing LLC now owns 25,089 shares of the company's stock worth $1,730,000 after acquiring an additional 794 shares during the period. Strs Ohio acquired a new position in shares of Evergy in the 1st quarter valued at approximately $2,693,000. Intrua Financial LLC raised its position in shares of Evergy by 18.0% in the 1st quarter. Intrua Financial LLC now owns 13,349 shares of the company's stock valued at $920,000 after purchasing an additional 2,035 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Evergy by 46.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,925 shares of the company's stock valued at $271,000 after acquiring an additional 1,247 shares in the last quarter. Finally, Intech Investment Management LLC increased its position in Evergy by 6.8% in the first quarter. Intech Investment Management LLC now owns 40,712 shares of the company's stock worth $2,807,000 after buying an additional 2,605 shares during the period. Hedge funds and other institutional investors own 87.24% of the company's stock.

Insider Activity

In other news, SVP Lesley Lissette Elwell sold 8,000 shares of Evergy stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $72.33, for a total value of $578,640.00. Following the sale, the senior vice president owned 499 shares in the company, valued at $36,092.67. This trade represents a 94.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.42% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on EVRG shares. Jefferies Financial Group set a $78.00 price objective on Evergy and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Mizuho increased their price target on Evergy from $74.00 to $77.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Finally, Barclays cut their price objective on Evergy from $73.00 to $71.00 and set an "overweight" rating for the company in a research report on Friday, May 30th. One research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $74.44.

Evergy Stock Performance

Shares of EVRG stock traded up $1.01 during mid-day trading on Friday, reaching $72.29. 2,782,613 shares of the company's stock traded hands, compared to its average volume of 1,868,421. Evergy Inc. has a 12 month low of $59.00 and a 12 month high of $73.97. The firm has a 50 day moving average price of $71.22 and a two-hundred day moving average price of $68.65. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.27 and a current ratio of 0.50. The firm has a market capitalization of $16.64 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 3.12 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 the consensus estimate of $0.78 by $0.04. The business had revenue of $1.43 billion for the quarter, compared to analysts' expectations 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 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, research analysts forecast that Evergy Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were issued a $0.6675 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $2.67 dividend on an annualized basis and a yield of 3.7%. Evergy's payout ratio is presently 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.