AlphaQuest LLC Buys 7,794 Shares of Evergy Inc. $EVRG

AlphaQuest LLC raised its stake in shares of Evergy Inc. (NASDAQ:EVRG) by 236.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,091 shares of the company’s stock after acquiring an additional 7,794 shares during the quarter. AlphaQuest LLC’s holdings in Evergy were worth $765,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Nuveen LLC bought a new position in shares of Evergy in the first quarter valued at about $212,132,000. Northern Trust Corp raised its holdings in shares of Evergy by 16.7% in the first quarter. Northern Trust Corp now owns 2,737,480 shares of the company’s stock valued at $188,749,000 after buying an additional 392,361 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Evergy by 0.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,174,047 shares of the company’s stock valued at $149,901,000 after buying an additional 13,555 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Evergy by 11.2% in the first quarter. Jennison Associates LLC now owns 1,730,849 shares of the company’s stock valued at $119,342,000 after buying an additional 174,269 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Evergy by 27.7% in the first quarter. AQR Capital Management LLC now owns 1,482,508 shares of the company’s stock valued at $101,715,000 after buying an additional 321,406 shares during the last quarter. 87.24% of the stock is owned by institutional investors.

Evergy Stock Performance

Shares of NASDAQ:EVRG opened at $77.96 on Monday. The stock has a market capitalization of $17.94 billion, a P/E ratio of 21.42, a P/E/G ratio of 3.60 and a beta of 0.57. Evergy Inc. has a 1-year low of $59.23 and a 1-year high of $79.32. The company has a current ratio of 0.50, a quick ratio of 0.27 and a debt-to-equity ratio of 1.24. The business has a 50-day moving average price of $74.17 and a two-hundred day moving average price of $70.38.

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

Evergy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, August 22nd were paid a $0.6675 dividend. 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 3.4%. Evergy’s dividend payout ratio is 73.35%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Evergy

In other news, SVP Lesley Lissette Elwell sold 8,000 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $72.33, for a total value 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 $36,092.67. This represents a 94.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.42% of the stock is currently owned by company insiders.

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.