GoalVest Advisory LLC Purchases 163 Shares of Evergy Inc. $EVRG

GoalVest Advisory LLC grew its position in shares of Evergy Inc. (NASDAQ:EVRG) by 3.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,259 shares of the company’s stock after acquiring an additional 163 shares during the period. GoalVest Advisory LLC’s holdings in Evergy were worth $363,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of EVRG. Nuveen LLC bought a new position in shares of Evergy during the first quarter valued at about $212,132,000. Maple Brown Abbott Ltd bought a new position in shares of Evergy during the first quarter valued at about $63,444,000. Truist Financial Corp raised its stake in shares of Evergy by 2,959.7% during the second quarter. Truist Financial Corp now owns 534,558 shares of the company’s stock valued at $36,847,000 after acquiring an additional 517,087 shares during the last quarter. Northern Trust Corp raised its stake in shares of Evergy by 16.7% during the first quarter. Northern Trust Corp now owns 2,737,480 shares of the company’s stock valued at $188,749,000 after acquiring an additional 392,361 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of Evergy by 27.7% during the first quarter. AQR Capital Management LLC now owns 1,482,508 shares of the company’s stock valued at $101,715,000 after acquiring an additional 321,406 shares during the last quarter. 87.24% of the stock is owned by institutional investors.

Insider Buying and Selling at Evergy

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

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Jefferies Financial Group upped their price objective on shares of Evergy from $77.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Evergy in a research note on Saturday. Barclays reissued an “outperform” rating on shares of Evergy in a research note on Thursday, October 9th. Finally, Mizuho increased their price target 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. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $78.07.

Evergy Price Performance

Shares of NASDAQ EVRG opened at $77.96 on Monday. Evergy Inc. has a fifty-two week low of $59.23 and a fifty-two week high of $79.32. The company has a 50 day simple moving average of $74.17 and a two-hundred day simple moving average of $70.38. The company has a market capitalization of $17.94 billion, a price-to-earnings ratio of 21.42, a P/E/G ratio of 3.60 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 for the quarter, beating 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 business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the firm earned $0.90 earnings per share. The business’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. Analysts expect that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were paid a dividend of $0.6675 per share. 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 (DPR) is currently 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.