Sumitomo Mitsui Trust Group Inc. Has $39.11 Million Holdings in Evergy Inc. $EVRG

Sumitomo Mitsui Trust Group Inc. raised its position in shares of Evergy Inc. (NASDAQ:EVRG) by 5.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 567,432 shares of the company’s stock after purchasing an additional 28,314 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.25% of Evergy worth $39,113,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Amundi grew its position in shares of Evergy by 14.2% during the 1st quarter. Amundi now owns 140,301 shares of the company’s stock worth $9,710,000 after buying an additional 17,477 shares during the period. Northern Trust Corp raised 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 purchasing an additional 392,361 shares during the period. Integrity Alliance LLC. bought a new stake in shares of Evergy during the 1st quarter worth $319,000. Callan Family Office LLC bought a new stake in shares of Evergy during the 2nd quarter worth $413,000. Finally, Simplicity Wealth LLC bought a new stake in shares of Evergy during the 2nd quarter worth $778,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analyst Ratings Changes

EVRG has been the topic of a number of research reports. Royal Bank Of Canada initiated coverage on Evergy in a research note on Monday. They issued an “outperform” rating and a $93.00 price objective on the stock. Wells Fargo & Company started coverage on Evergy in a report on Monday. They set an “equal weight” rating and a $77.00 price objective for the company. Barclays reaffirmed an “outperform” rating on shares of Evergy in a research note on Thursday, October 9th. Jefferies Financial Group boosted their price objective on Evergy from $77.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Finally, Mizuho upped their target price on Evergy from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Evergy currently has an average rating of “Buy” and an average price target of $79.61.

Evergy Stock Down 0.8%

EVRG stock opened at $77.68 on Wednesday. The business’s 50-day moving average price is $74.41 and its 200-day moving average price is $70.56. The stock has a market cap of $17.88 billion, a P/E ratio of 21.34, a PEG ratio of 3.62 and a beta of 0.57. Evergy Inc. has a twelve month low of $59.23 and a twelve month high of $79.32. The company has a quick ratio of 0.27, a current ratio of 0.50 and a debt-to-equity ratio of 1.24.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the company posted $0.90 EPS. The company’s 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, equities research analysts forecast that Evergy Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 22nd were issued a dividend of $0.6675 per share. The ex-dividend date was Friday, August 22nd. This represents a $2.67 dividend on an annualized basis and a yield of 3.4%. Evergy’s payout ratio is presently 73.35%.

Insider Buying and Selling at Evergy

In other Evergy news, SVP Lesley Lissette Elwell sold 8,000 shares of the company’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $72.33, for a total value of $578,640.00. Following the completion of the sale, the senior vice president directly owned 499 shares in the company, valued at approximately $36,092.67. This represents a 94.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.42% of the company’s stock.

About Evergy

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.