Lesley Lissette Elwell Sells 8,000 Shares of Evergy (NASDAQ:EVRG) Stock

Key Points

• Lesley Lissette Elwell, SVP of Evergy, sold 8,000 shares of stock at an average price of $72.33, reducing her ownership by 94.13%.
• Evergy reported a net margin of 14.29% and earnings per share (EPS) of $0.82, exceeding analysts' estimates for the quarter, despite a slight year-over-year revenue decline.
• The company declared a quarterly dividend of $0.6675 per share, which represents a 3.7% dividend yield, with a payout ratio of 73.35%.

Evergy Inc. (NASDAQ:EVRG - Get Free Report) 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 transaction, the senior vice president owned 499 shares in the company, valued at approximately $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 accessible through this hyperlink.

Evergy Stock Performance

Shares of Evergy stock traded up $1.01 on Friday, reaching $72.29. 2,782,613 shares of the stock were exchanged, compared to its average volume of 1,868,421. Evergy Inc. has a 1-year low of $59.00 and a 1-year high of $73.97. 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 business has a fifty day moving average price of $71.22 and a two-hundred day moving average price of $68.67. The firm has a market capitalization of $16.64 billion, a PE ratio of 19.86, a PEG ratio of 3.16 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.04. Evergy had a net margin of 14.29% and a return on equity of 8.62%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the firm earned $0.90 earnings per share. The company's revenue for the quarter was down .7% compared to the same quarter last year. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. As a group, research analysts anticipate that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 22nd were given a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $2.67 annualized dividend and a yield of 3.7%. Evergy's dividend payout ratio is 73.35%.

Analysts Set New Price Targets

EVRG has been the subject of several research analyst reports. Mizuho upped 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. Barclays dropped their price objective on shares of Evergy from $73.00 to $71.00 and set an "overweight" rating for the company in a research report on Friday, May 30th. Finally, Jefferies Financial Group set a $78.00 price target on shares of Evergy and gave the company a "buy" rating in a report on Tuesday, June 10th. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $74.44.

Institutional Trading of Evergy

Hedge funds have recently bought and sold shares of the company. Nuveen LLC bought a new stake in shares of Evergy during the 1st quarter worth about $212,132,000. Magellan Asset Management Ltd raised its position in shares of Evergy by 1,418.7% during the 2nd quarter. Magellan Asset Management Ltd now owns 2,364,493 shares of the company's stock worth $162,985,000 after buying an additional 2,208,799 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Evergy by 8,154.8% in the 1st quarter. GAMMA Investing LLC now owns 973,574 shares of the company's stock worth $67,128,000 after purchasing an additional 961,780 shares during the last quarter. Maple Brown Abbott Ltd acquired a new position in shares of Evergy in the 1st quarter worth approximately $63,444,000. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Evergy by 44.4% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,470,917 shares of the company's stock worth $170,320,000 after purchasing an additional 760,301 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors.

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.