State of New Jersey Common Pension Fund D Has $4.78 Million Stock Holdings in Evergy Inc. $EVRG

State of New Jersey Common Pension Fund D lifted its position in Evergy Inc. (NASDAQ:EVRG) by 15.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,386 shares of the company’s stock after acquiring an additional 9,522 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Evergy were worth $4,783,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Olde Wealth Management LLC bought a new position in shares of Evergy during the 1st quarter valued at about $32,000. LRI Investments LLC bought a new position in shares of Evergy during the 1st quarter valued at about $32,000. Clearstead Trust LLC bought a new position in shares of Evergy during the 1st quarter valued at about $32,000. Cary Street Partners Investment Advisory LLC bought a new position in shares of Evergy during the 1st quarter valued at about $34,000. Finally, Investment Management Corp VA ADV lifted its holdings in shares of Evergy by 168.4% during the 1st quarter. Investment Management Corp VA ADV now owns 569 shares of the company’s stock valued at $39,000 after purchasing an additional 357 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

Evergy Stock Up 0.1%

NASDAQ:EVRG opened at $77.96 on Monday. The firm has a market capitalization of $17.94 billion, a price-to-earnings ratio of 21.42, a price-to-earnings-growth ratio of 3.60 and a beta of 0.57. Evergy Inc. has a twelve month low of $59.23 and a twelve month high of $79.32. The stock’s 50 day moving average price is $74.17 and its two-hundred day moving average price is $70.38. The company has a quick ratio of 0.27, a current ratio of 0.50 and a debt-to-equity ratio of 1.24.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $1.45 billion. Evergy had a return on equity of 8.62% and a net margin of 14.29%.The business’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.90 EPS. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. Equities research analysts expect that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 22nd were issued 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 payout ratio is presently 73.35%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on EVRG shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Evergy in a report on Saturday. Jefferies Financial Group boosted their target price on Evergy from $77.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Mizuho boosted their target price on Evergy from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Finally, Barclays restated an “outperform” rating on shares of Evergy in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the stock. According to MarketBeat, Evergy has an average rating of “Buy” and an average price target of $78.07.

Insider Buying and Selling at Evergy

In related news, SVP Lesley Lissette Elwell sold 8,000 shares of the business’s 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 of the company’s stock, valued at approximately $36,092.67. The trade was a 94.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.