Ethic Inc. Raises Holdings in Evergy Inc. $EVRG

Ethic Inc. lifted its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 1.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 17,425 shares of the company’s stock after acquiring an additional 332 shares during the period. Ethic Inc.’s holdings in Evergy were worth $1,190,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Olde Wealth Management LLC purchased a new stake in shares of Evergy during the first quarter worth about $32,000. LRI Investments LLC acquired a new stake in shares of Evergy during the first quarter worth about $32,000. Clearstead Trust LLC acquired a new stake in shares of Evergy during the first quarter worth about $32,000. Cary Street Partners Investment Advisory LLC acquired a new stake in shares of Evergy during the first quarter worth about $34,000. Finally, Investment Management Corp VA ADV lifted its holdings in shares of 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 purchasing an additional 357 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Trading Up 0.1%

Shares of NASDAQ:EVRG opened at $77.96 on Monday. Evergy Inc. has a 12-month low of $59.23 and a 12-month high of $79.32. The company has a market capitalization of $17.94 billion, a PE ratio of 21.42, a PEG ratio of 3.60 and a beta of 0.57. The business has a 50 day moving average of $74.17 and a two-hundred day moving average of $70.38. The company has a current ratio of 0.50, a quick ratio of 0.27 and a debt-to-equity ratio of 1.24.

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

Evergy Announces Dividend

The firm 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. This represents a $2.67 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, August 22nd. Evergy’s dividend payout ratio is presently 73.35%.

Wall Street Analysts Forecast Growth

EVRG has been the subject of a number of research reports. Mizuho lifted their target price on Evergy from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Barclays reaffirmed an “outperform” rating on shares of Evergy in a report on Thursday, October 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Evergy in a report on Saturday. Finally, Jefferies Financial Group boosted their price target on Evergy from $77.00 to $87.00 and gave the company a “buy” rating in a report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $78.07.

Insider Buying and Selling at Evergy

In other news, SVP Lesley Lissette Elwell sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $72.33, for a total transaction of $578,640.00. Following the completion of the transaction, the senior vice president directly owned 499 shares of the company’s stock, valued at $36,092.67. This represents a 94.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 1.42% of the stock is currently owned by 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.