Trust Co of Kansas Sells 200 Shares of Evergy Inc. $EVRG

Trust Co of Kansas reduced its stake in Evergy Inc. (NASDAQ:EVRG) by 5.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,726 shares of the company’s stock after selling 200 shares during the quarter. Trust Co of Kansas’ holdings in Evergy were worth $257,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Bfsg LLC bought a new stake in Evergy in the 1st quarter valued at $25,000. Alpine Bank Wealth Management acquired a new stake in shares of Evergy during the first quarter worth $32,000. Olde Wealth Management LLC bought a new stake in shares of Evergy in the first quarter valued at about $32,000. LRI Investments LLC acquired a new position in shares of Evergy in the first quarter valued at about $32,000. Finally, Clearstead Trust LLC bought a new position in Evergy during the first quarter worth about $32,000. Institutional investors own 87.24% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on EVRG shares. Mizuho boosted their price objective on shares of Evergy from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Jefferies Financial Group set a $78.00 price target on Evergy and gave the company a “buy” rating in a research note on Tuesday, June 10th. One research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $74.44.

Evergy Stock Performance

Evergy stock opened at $76.23 on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.50 and a debt-to-equity ratio of 1.24. The stock has a market cap of $17.54 billion, a PE ratio of 20.94, a P/E/G ratio of 3.32 and a beta of 0.57. Evergy Inc. has a 12-month low of $59.00 and a 12-month high of $76.46. The business’s 50-day moving average price is $72.11 and its two-hundred day moving average price is $69.10.

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

Evergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, August 22nd were issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, August 22nd. Evergy’s payout ratio is 73.35%.

Insider Activity

In related 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 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 trade represents a 94.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.42% of the stock is owned by corporate insiders.

Evergy Company 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.