Vaughan Nelson Investment Management L.P. Sells 17,211 Shares of Evergy Inc. $EVRG

Vaughan Nelson Investment Management L.P. cut its stake in Evergy Inc. (NASDAQ:EVRG) by 2.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 567,034 shares of the company’s stock after selling 17,211 shares during the period. Vaughan Nelson Investment Management L.P. owned about 0.25% of Evergy worth $39,086,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Franklin Street Advisors Inc. NC bought a new position in shares of Evergy in the second quarter worth about $6,039,000. Ameritas Advisory Services LLC grew its holdings in shares of Evergy by 16.8% in the second quarter. Ameritas Advisory Services LLC now owns 4,534 shares of the company’s stock worth $313,000 after purchasing an additional 652 shares during the last quarter. Synergy Asset Management LLC bought a new position in shares of Evergy in the second quarter worth about $5,133,000. Hilltop National Bank bought a new position in shares of Evergy in the second quarter worth about $87,000. Finally, Triad Wealth Partners LLC grew its holdings in shares of Evergy by 3.8% in the second quarter. Triad Wealth Partners LLC now owns 4,389 shares of the company’s stock worth $303,000 after purchasing an additional 159 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EVRG has been the subject of a number of research reports. Jefferies Financial Group set a $78.00 price objective on shares of Evergy and gave the stock a “buy” rating in a research note 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 note on Friday, August 8th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Evergy in a research note on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $74.44.

Insider Activity at Evergy

In other Evergy news, SVP Lesley Lissette Elwell sold 8,000 shares of the 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 directly owned 499 shares of the company’s stock, valued at approximately $36,092.67. This represents a 94.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.42% of the company’s stock.

Evergy Stock Performance

EVRG stock opened at $76.62 on Friday. The firm has a market cap of $17.63 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 3.33 and a beta of 0.57. The firm has a 50-day simple moving average of $72.38 and a two-hundred day simple moving average of $69.22. Evergy Inc. has a one year low of $59.00 and a one year high of $77.46. 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 (NASDAQ:EVRG) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.78 by $0.04. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $0.90 earnings per share. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. On average, equities analysts forecast that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, August 22nd. Evergy’s dividend payout ratio is presently 73.35%.

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.