Evergy Inc. $EVRG Shares Bought by Advantage Trust Co

Advantage Trust Co grew its position in shares of Evergy Inc. (NASDAQ:EVRG) by 5,250.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,350 shares of the company’s stock after buying an additional 5,250 shares during the period. Advantage Trust Co’s holdings in Evergy were worth $369,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of EVRG. Nuveen LLC bought a new position in Evergy during the 1st quarter worth approximately $212,132,000. Maple Brown Abbott Ltd bought a new stake in shares of Evergy in the 1st quarter worth approximately $63,444,000. Truist Financial Corp lifted its holdings in shares of Evergy by 2,959.7% in the 2nd quarter. Truist Financial Corp now owns 534,558 shares of the company’s stock worth $36,847,000 after purchasing an additional 517,087 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Evergy by 16.7% in the 1st quarter. Northern Trust Corp now owns 2,737,480 shares of the company’s stock worth $188,749,000 after purchasing an additional 392,361 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Evergy by 27.7% in the 1st quarter. AQR Capital Management LLC now owns 1,482,508 shares of the company’s stock worth $101,715,000 after purchasing an additional 321,406 shares during the last quarter. Institutional investors own 87.24% of the company’s stock.

Insider Activity

In other news, SVP Lesley Lissette Elwell sold 8,000 shares of Evergy stock in a transaction 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 trade represents a 94.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on EVRG. Barclays reissued an “outperform” rating on shares of Evergy in a report on Thursday, October 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Evergy in a report on Wednesday, October 8th. Mizuho raised their price target on Evergy from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Finally, Jefferies Financial Group raised their price target 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 assigned a Buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $78.07.

Evergy Stock Up 0.9%

Shares of Evergy stock opened at $78.65 on Tuesday. The business’s fifty day moving average price is $73.73 and its two-hundred day moving average price is $70.01. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.50 and a quick ratio of 0.27. The company has a market capitalization of $18.10 billion, a P/E ratio of 21.61, a PEG ratio of 3.61 and a beta of 0.57. Evergy Inc. has a 1-year low of $59.23 and a 1-year high of $79.32.

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

Evergy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders 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 annualized dividend and a dividend 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.