Evergy Inc. $EVRG Shares Sold by Brookmont Capital Management

Brookmont Capital Management cut its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 2.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,155 shares of the company’s stock after selling 454 shares during the period. Brookmont Capital Management’s holdings in Evergy were worth $1,182,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EVRG. Brighton Jones LLC acquired a new position in Evergy during the fourth quarter valued at $257,000. Wealth Enhancement Advisory Services LLC lifted its position in Evergy by 33.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 33,249 shares of the company’s stock valued at $2,046,000 after purchasing an additional 8,385 shares during the period. Rhumbline Advisers lifted its position in Evergy by 9.7% during the first quarter. Rhumbline Advisers now owns 398,235 shares of the company’s stock valued at $27,458,000 after purchasing an additional 35,080 shares during the period. Czech National Bank lifted its position in Evergy by 5.9% during the first quarter. Czech National Bank now owns 52,821 shares of the company’s stock valued at $3,642,000 after purchasing an additional 2,956 shares during the period. Finally, NBC Securities Inc. lifted its position in Evergy by 116,966.7% during the first quarter. NBC Securities Inc. now owns 7,024 shares of the company’s stock valued at $484,000 after purchasing an additional 7,018 shares during the period. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Jefferies Financial Group set a $78.00 target price on shares of Evergy and gave the company a “buy” rating in a research report on Tuesday, June 10th. Mizuho upped their price objective 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 equities research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $74.44.

Evergy Trading Up 0.3%

Shares of Evergy stock opened at $76.23 on Thursday. The company has a market cap of $17.54 billion, a P/E ratio of 20.94, a price-to-earnings-growth ratio of 3.32 and a beta of 0.57. The firm has a 50-day simple moving average of $72.11 and a two-hundred day simple moving average of $69.10. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.27 and a current ratio of 0.50. Evergy Inc. has a fifty-two week low of $59.00 and a fifty-two week high of $76.46.

Evergy (NASDAQ:EVRG) last released its earnings results on Thursday, August 7th. The company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. The business 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 company’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.90 earnings per share. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. As a group, equities analysts predict that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, August 22nd were paid a dividend of $0.6675 per share. 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 3.5%. Evergy’s payout ratio is currently 73.35%.

Insider Activity at Evergy

In other news, SVP Lesley Lissette Elwell sold 8,000 shares of the business’s stock in a transaction dated 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. The trade was a 94.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.42% of the stock is owned by corporate insiders.

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.