Howard Capital Management Inc. Has $4.62 Million Stock Position in Evergy Inc. $EVRG

Howard Capital Management Inc. lifted its stake in shares of Evergy Inc. (NASDAQ:EVRG) by 1.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 66,998 shares of the company’s stock after purchasing an additional 776 shares during the quarter. Howard Capital Management Inc.’s holdings in Evergy were worth $4,618,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. LRI Investments LLC bought a new position in Evergy in the first quarter valued at about $32,000. Clearstead Trust LLC bought a new stake in shares of Evergy during the first quarter worth about $32,000. Olde Wealth Management LLC acquired a new position in shares of Evergy in the first quarter valued at approximately $32,000. Cary Street Partners Investment Advisory LLC bought a new position in Evergy in the 1st quarter valued at approximately $34,000. Finally, Investment Management Corp VA ADV boosted its position in Evergy by 168.4% during the 1st quarter. Investment Management Corp VA ADV now owns 569 shares of the company’s stock worth $39,000 after buying an additional 357 shares during the period. 87.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on EVRG shares. Mizuho boosted their target price on shares of Evergy from $74.00 to $77.00 and gave the stock 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, October 8th. Wells Fargo & Company initiated coverage on Evergy in a report on Monday. They issued an “overweight” rating and a $77.00 price objective for the company. Jefferies Financial Group lifted their target price on Evergy from $77.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Finally, Barclays reiterated an “outperform” rating on shares of Evergy in a research report on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating and ten have given a Buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $79.61.

Evergy Price Performance

EVRG stock opened at $78.31 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 0.50 and a debt-to-equity ratio of 1.24. The firm has a market cap of $18.02 billion, a price-to-earnings ratio of 21.51, a PEG ratio of 3.60 and a beta of 0.57. The company’s fifty day simple moving average is $74.31 and its 200 day simple moving average is $70.48. Evergy Inc. has a 12-month low of $59.23 and a 12-month high of $79.32.

Evergy (NASDAQ:EVRG) last issued its quarterly 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 the consensus estimate of $1.45 billion. Evergy had a return on equity of 8.62% and a net margin of 14.29%.The business’s revenue was down .7% compared to the same quarter last year. During the same period last year, the business posted $0.90 EPS. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. On average, analysts expect that Evergy Inc. will post 3.83 earnings per share for the current year.

Evergy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Friday, August 22nd. Evergy’s payout ratio is presently 73.35%.

Insider Transactions at Evergy

In other Evergy news, SVP Lesley Lissette Elwell sold 8,000 shares of the 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 transaction, the senior vice president directly owned 499 shares in the company, valued at approximately $36,092.67. This represents a 94.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.42% of the company’s stock.

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.