Yaupon Capital Management LP Trims Holdings in Evergy Inc. $EVRG

Key Points

• Yaupon Capital Management LP reduced its stake in Evergy Inc. by 27.8%, now holding approximately 396,263 shares after selling 152,315 shares in the first quarter.
• Evergy recently announced a quarterly dividend of $0.6675 per share, with a yield of 3.8%, set to be paid on September 19th.
• Several analysts have issued positive ratings on Evergy, with price targets ranging from $71.00 to $79.00, and an average rating of "Buy".

Yaupon Capital Management LP lessened its position in Evergy Inc. (NASDAQ:EVRG - Free Report) by 27.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 396,263 shares of the company's stock after selling 152,315 shares during the period. Evergy comprises about 1.4% of Yaupon Capital Management LP's portfolio, making the stock its 17th largest holding. Yaupon Capital Management LP owned 0.17% of Evergy worth $27,322,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Northern Trust Corp lifted its stake in shares of Evergy by 16.7% during the 1st quarter. Northern Trust Corp now owns 2,737,480 shares of the company's stock worth $188,749,000 after buying an additional 392,361 shares during the last quarter. Amundi grew its holdings in shares of Evergy by 14.2% during the 1st quarter. Amundi now owns 140,301 shares of the company's stock valued at $9,710,000 after purchasing an additional 17,477 shares during the last quarter. Sowell Financial Services LLC bought a new stake in shares of Evergy during the 1st quarter valued at approximately $267,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Evergy during the 4th quarter worth approximately $1,728,000. Finally, HighTower Advisors LLC grew its holdings in Evergy by 26.6% during the 1st 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 during the last quarter. Institutional investors own 87.24% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Barclays dropped their target price on shares of Evergy from $73.00 to $71.00 and set an "overweight" rating on the stock in a research report on Friday, May 30th. Jefferies Financial Group set a $78.00 target price on shares of Evergy and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Mizuho raised their target price on shares of Evergy from $74.00 to $77.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Citigroup lifted their price target on shares of Evergy from $77.00 to $79.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Finally, Wall Street Zen cut shares of Evergy from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. One analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $74.44.

Evergy Price Performance

EVRG stock traded up $0.22 during midday trading on Friday, hitting $72.52. The company's stock had a trading volume of 1,206,827 shares, compared to its average volume of 1,912,977. Evergy Inc. has a 12 month low of $59.00 and a 12 month high of $73.97. 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 firm has a market capitalization of $16.69 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 3.16 and a beta of 0.58. The company has a 50 day moving average of $70.94 and a two-hundred day moving average of $68.55.

Evergy (NASDAQ:EVRG - Get Free Report) last posted its earnings results on Thursday, August 7th. The company reported $0.82 EPS for the quarter, beating 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 firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the company earned $0.90 EPS. The company's quarterly revenue was down .7% compared to the same quarter last year. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. On average, analysts expect that Evergy Inc. will post 3.83 EPS 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 dividend of $0.6675 per share. The ex-dividend date is Friday, August 22nd. This represents a $2.67 annualized dividend and a dividend yield of 3.7%. Evergy's dividend payout ratio (DPR) 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.