Wealthcare Advisory Partners LLC Raises Stock Position in Evergy Inc. $EVRG

Wealthcare Advisory Partners LLC raised its stake in Evergy Inc. (NASDAQ:EVRG) by 10.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,794 shares of the company’s stock after buying an additional 1,060 shares during the period. Wealthcare Advisory Partners LLC’s holdings in Evergy were worth $744,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Bfsg LLC purchased a new position in Evergy in the first quarter valued at about $25,000. Alpine Bank Wealth Management purchased a new position in Evergy in the first quarter valued at about $32,000. LRI Investments LLC purchased a new position in Evergy in the first quarter valued at about $32,000. Clearstead Trust LLC purchased a new position in Evergy in the first quarter valued at about $32,000. Finally, Olde Wealth Management LLC purchased a new position in Evergy in the first quarter valued at about $32,000. 87.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Mizuho increased their target price on shares of Evergy from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Evergy in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $74.44.

Insider Transactions at Evergy

In other Evergy news, SVP Lesley Lissette Elwell sold 8,000 shares of Evergy stock in a transaction on Monday, September 15th. The shares were sold at an average price of $72.33, for a total value of $578,640.00. Following the transaction, the senior vice president owned 499 shares in the company, valued at $36,092.67. This trade represents a 94.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.42% of the company’s stock.

Evergy Stock Up 0.2%

Shares of NASDAQ EVRG opened at $77.83 on Thursday. Evergy Inc. has a 1 year low of $59.00 and a 1 year high of $78.18. The firm’s 50 day moving average price is $72.87 and its 200 day moving average price is $69.43. The firm has a market cap of $17.91 billion, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 3.40 and a beta of 0.57. 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 announced its earnings results on Thursday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. Evergy had a net margin of 14.29% and a return on equity of 8.62%. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the business earned $0.90 earnings per share. Evergy’s revenue was down .7% compared to the same quarter last year. 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 announced 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 was Friday, August 22nd. This represents a $2.67 dividend on an annualized basis and a yield of 3.4%. Evergy’s dividend payout ratio (DPR) is 73.35%.

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.