Evergy Inc. $EVRG Shares Purchased by Strs Ohio

Strs Ohio increased its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 14.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,886 shares of the company’s stock after acquiring an additional 5,826 shares during the quarter. Strs Ohio’s holdings in Evergy were worth $3,094,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LRI Investments LLC acquired a new stake in Evergy during the first quarter worth about $32,000. Clearstead Trust LLC acquired a new stake in Evergy during the first quarter worth about $32,000. Cary Street Partners Investment Advisory LLC acquired a new stake in Evergy during the first quarter worth about $34,000. Investment Management Corp VA ADV raised its stake in Evergy by 168.4% during the first quarter. Investment Management Corp VA ADV now owns 569 shares of the company’s stock worth $39,000 after acquiring an additional 357 shares during the period. Finally, Bfsg LLC raised its stake in Evergy by 82.2% during the second quarter. Bfsg LLC now owns 665 shares of the company’s stock worth $46,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on EVRG. Royal Bank Of Canada upgraded shares of Evergy to a “moderate buy” rating in a research note on Tuesday, October 28th. Wall Street Zen upgraded shares of Evergy from a “sell” rating to a “hold” rating in a report on Saturday. Mizuho increased their price objective on shares of Evergy from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Jefferies Financial Group increased their price objective on shares of Evergy from $77.00 to $87.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Finally, Barclays reiterated an “outperform” rating on shares of Evergy in a report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Evergy has an average rating of “Buy” and a consensus target price of $79.61.

Insiders Place Their Bets

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 directly 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 filing with the SEC, which is available at the SEC website. Insiders own 1.42% of the company’s stock.

Evergy Trading Up 0.6%

Evergy stock opened at $77.27 on Tuesday. The stock has a market capitalization of $17.78 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 3.56 and a beta of 0.57. Evergy Inc. has a 12-month low of $59.23 and a 12-month high of $79.32. 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 firm has a 50 day simple moving average of $74.81 and a 200-day simple moving average of $70.85.

Evergy (NASDAQ:EVRG) last issued its earnings results on Thursday, August 7th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Evergy had a net margin of 14.29% and a return on equity of 8.62%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the firm posted $0.90 earnings per share. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. As a group, equities research analysts expect that Evergy Inc. will post 3.83 EPS for the current fiscal year.

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.