AlphaStar Capital Management LLC Has $229,000 Stock Holdings in Evergy Inc. $EVRG

AlphaStar Capital Management LLC reduced its position in shares of Evergy Inc. (NASDAQ:EVRG) by 59.7% during the second quarter, Holdings Channel reports. The institutional investor owned 3,327 shares of the company’s stock after selling 4,937 shares during the period. AlphaStar Capital Management LLC’s holdings in Evergy were worth $229,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in EVRG. Nuveen LLC bought a new stake in Evergy during the 1st quarter worth approximately $212,132,000. Northern Trust Corp increased its holdings in 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 in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Evergy by 0.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,174,047 shares of the company’s stock worth $149,901,000 after purchasing an additional 13,555 shares in the last quarter. Jennison Associates LLC increased its holdings in Evergy by 11.2% during the 1st quarter. Jennison Associates LLC now owns 1,730,849 shares of the company’s stock worth $119,342,000 after purchasing an additional 174,269 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Evergy by 27.7% in the first quarter. AQR Capital Management LLC now owns 1,482,508 shares of the company’s stock valued at $101,715,000 after acquiring an additional 321,406 shares in the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Evergy

In related news, SVP Lesley Lissette Elwell sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $72.33, for a total transaction of $578,640.00. Following the completion of the sale, the senior vice president owned 499 shares of the company’s stock, valued at $36,092.67. This trade represents a 94.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.42% of the stock is owned by company insiders.

Evergy Trading Down 1.2%

Shares of EVRG stock opened at $76.81 on Friday. The stock has a market capitalization of $17.68 billion, a PE ratio of 21.10, a P/E/G ratio of 3.56 and a beta of 0.57. Evergy Inc. has a 1-year low of $59.23 and a 1-year high of $79.32. The business has a 50-day moving average of $74.70 and a 200 day moving average of $70.77. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.50 and a quick ratio of 0.27.

Evergy (NASDAQ:EVRG) last posted its earnings results on Thursday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the firm earned $0.90 earnings per share. Evergy’s quarterly revenue was down .7% on a year-over-year basis. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. As a group, sell-side analysts anticipate that Evergy Inc. will post 3.83 earnings per share for the current year.

Evergy Announces Dividend

The company 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 dividend yield of 3.5%. Evergy’s dividend payout ratio (DPR) is 73.35%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on EVRG. Barclays reaffirmed an “outperform” rating on shares of Evergy in a report on Thursday, October 9th. Jefferies Financial Group upped their price objective on Evergy from $77.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Wall Street Zen upgraded Evergy from a “sell” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada upgraded Evergy to a “moderate buy” rating in a research note on Tuesday, October 28th. Finally, Mizuho increased their target price on Evergy from $74.00 to $77.00 and gave the stock an “outperform” rating in a research 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 issued a Hold rating to the company. According to MarketBeat, Evergy has an average rating of “Buy” and an average price target of $79.61.

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.