Triad Wealth Partners LLC Increases Position in Evergy Inc. $EVRG

Triad Wealth Partners LLC raised its position in Evergy Inc. (NASDAQ:EVRG) by 3.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,389 shares of the company’s stock after purchasing an additional 159 shares during the quarter. Triad Wealth Partners LLC’s holdings in Evergy were worth $303,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EVRG. Brighton Jones LLC purchased a new stake in Evergy in the fourth quarter valued at approximately $257,000. Wealth Enhancement Advisory Services LLC raised its position in Evergy by 33.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 33,249 shares of the company’s stock valued at $2,046,000 after purchasing an additional 8,385 shares during the period. Rhumbline Advisers increased its position in shares of Evergy by 9.7% during the first quarter. Rhumbline Advisers now owns 398,235 shares of the company’s stock worth $27,458,000 after acquiring an additional 35,080 shares during the period. NBC Securities Inc. increased its position in shares of Evergy by 116,966.7% during the first quarter. NBC Securities Inc. now owns 7,024 shares of the company’s stock worth $484,000 after acquiring an additional 7,018 shares during the period. Finally, Merit Financial Group LLC increased its position in shares of Evergy by 6.6% during the first quarter. Merit Financial Group LLC now owns 4,663 shares of the company’s stock worth $322,000 after acquiring an additional 288 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Stock Performance

NASDAQ:EVRG opened at $76.62 on Friday. The firm has a market capitalization of $17.63 billion, a PE ratio of 21.05, a price-to-earnings-growth ratio of 3.33 and a beta of 0.57. The business’s fifty day moving average price is $72.38 and its 200 day moving average price is $69.22. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.50 and a quick ratio of 0.27. Evergy Inc. has a 12 month low of $59.00 and a 12 month high of $77.46.

Evergy (NASDAQ:EVRG) last posted its earnings results on Thursday, August 7th. The company reported $0.82 EPS for the quarter, beating 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%.Evergy’s revenue for the quarter was down .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.90 earnings per share. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. On average, sell-side analysts anticipate that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

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 $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Friday, August 22nd. Evergy’s dividend payout ratio is 73.35%.

Insider Transactions at Evergy

In other Evergy news, SVP Lesley Lissette Elwell sold 8,000 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $72.33, for a total value of $578,640.00. Following the completion of the transaction, the senior vice president owned 499 shares in the company, valued at $36,092.67. This represents a 94.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.42% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

EVRG has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Evergy in a research report on Saturday, September 27th. Mizuho upped their price objective on Evergy from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Finally, Jefferies Financial Group set a $78.00 price objective on Evergy and gave the stock a “buy” rating in a research report on Tuesday, June 10th. One analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $74.44.

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.