Simplicity Wealth LLC Invests $778,000 in Evergy Inc. $EVRG

Simplicity Wealth LLC acquired a new position in Evergy Inc. (NASDAQ:EVRG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,290 shares of the company’s stock, valued at approximately $778,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Nuveen LLC acquired a new stake in Evergy during the 1st quarter worth approximately $212,132,000. Northern Trust Corp lifted its holdings in Evergy by 16.7% during the 1st quarter. Northern Trust Corp now owns 2,737,480 shares of the company’s stock worth $188,749,000 after buying an additional 392,361 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Evergy by 0.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,174,047 shares of the company’s stock worth $149,901,000 after buying an additional 13,555 shares in the last quarter. Jennison Associates LLC lifted its holdings in Evergy by 11.2% during the 1st quarter. Jennison Associates LLC now owns 1,730,849 shares of the company’s stock worth $119,342,000 after buying an additional 174,269 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Evergy by 27.7% during the 1st quarter. AQR Capital Management LLC now owns 1,482,508 shares of the company’s stock worth $101,715,000 after buying an additional 321,406 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Evergy Trading Up 0.3%

Shares of NASDAQ:EVRG opened at $77.69 on Wednesday. Evergy Inc. has a 52 week low of $59.00 and a 52 week high of $78.18. The company’s 50 day moving average is $72.72 and its two-hundred day moving average is $69.37. The company has a current ratio of 0.50, a quick ratio of 0.27 and a debt-to-equity ratio of 1.24. The company has a market cap of $17.88 billion, a PE ratio of 21.34, a P/E/G ratio of 3.39 and a beta of 0.57.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.82 EPS 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 company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the prior year, the firm posted $0.90 EPS. The company’s quarterly revenue was down .7% compared to the same quarter last year. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. Equities analysts predict that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 22nd were given a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, August 22nd. Evergy’s dividend payout ratio (DPR) is 73.35%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Mizuho increased their target price on shares of Evergy from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Jefferies Financial Group set a $78.00 target price on shares of Evergy and gave the stock a “buy” rating in a report on Tuesday, June 10th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Evergy in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $74.44.

Insider Activity at Evergy

In related news, SVP Lesley Lissette Elwell sold 8,000 shares of the 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 transaction, the senior vice president directly owned 499 shares of the company’s stock, valued at $36,092.67. This trade represents a 94.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.42% of the stock is owned by company insiders.

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.