Evergy Inc. $EVRG Shares Acquired by Schnieders Capital Management LLC

Schnieders Capital Management LLC lifted its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 4.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,545 shares of the company’s stock after purchasing an additional 872 shares during the quarter. Schnieders Capital Management LLC’s holdings in Evergy were worth $1,485,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of EVRG. Nuveen LLC purchased a new position in Evergy during the first quarter worth about $212,132,000. Maple Brown Abbott Ltd acquired a new position in shares of Evergy in the 1st quarter worth approximately $63,444,000. Truist Financial Corp boosted its position in shares of Evergy by 2,959.7% during the 2nd quarter. Truist Financial Corp now owns 534,558 shares of the company’s stock worth $36,847,000 after purchasing an additional 517,087 shares during the period. Northern Trust Corp increased its holdings in Evergy by 16.7% in the 1st quarter. Northern Trust Corp now owns 2,737,480 shares of the company’s stock valued at $188,749,000 after purchasing an additional 392,361 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Evergy by 27.7% during the first quarter. AQR Capital Management LLC now owns 1,482,508 shares of the company’s stock worth $101,715,000 after purchasing an additional 321,406 shares in the last quarter. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Evergy

In other news, SVP Lesley Lissette Elwell sold 8,000 shares of the firm’s stock in a transaction on 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 directly owned 499 shares in the company, valued at approximately $36,092.67. This trade represents a 94.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.42% of the company’s stock.

Evergy Price Performance

Shares of NASDAQ EVRG opened at $77.98 on Monday. 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 company has a market cap of $17.95 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 3.61 and a beta of 0.57. The stock’s 50-day moving average is $73.61 and its two-hundred day moving average is $69.92. Evergy Inc. has a 1-year low of $59.23 and a 1-year high of $79.32.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data 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 return on equity of 8.62% and a net margin of 14.29%.The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter last year, the business posted $0.90 EPS. The business’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. Analysts forecast that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were given 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 dividend yield of 3.4%. Evergy’s dividend payout ratio is currently 73.35%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on EVRG. Barclays reaffirmed an “outperform” rating on shares of Evergy in a research note on Thursday, October 9th. Jefferies Financial Group lifted their target price on Evergy from $77.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Evergy in a research note on Wednesday, October 8th. Finally, Mizuho increased 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 given a Buy rating to the stock. According to data from MarketBeat.com, Evergy currently has an average rating of “Buy” and an average target price of $78.07.

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.