Evergy Inc. $EVRG Shares Bought by Inspire Investing LLC

Inspire Investing LLC grew its position in shares of Evergy Inc. (NASDAQ:EVRG) by 1.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,502 shares of the company’s stock after purchasing an additional 413 shares during the period. Inspire Investing LLC’s holdings in Evergy were worth $1,758,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Horizon Investments LLC boosted its stake in shares of Evergy by 4.9% during the 1st quarter. Horizon Investments LLC now owns 3,353 shares of the company’s stock worth $231,000 after purchasing an additional 158 shares during the last quarter. Rogco LP grew its holdings in Evergy by 16.4% in the second quarter. Rogco LP now owns 1,120 shares of the company’s stock valued at $77,000 after purchasing an additional 158 shares during the period. Triad Wealth Partners LLC grew its holdings in Evergy by 3.8% in the second quarter. Triad Wealth Partners LLC now owns 4,389 shares of the company’s stock valued at $303,000 after purchasing an additional 159 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. grew its holdings in Evergy by 4.4% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,944 shares of the company’s stock valued at $341,000 after purchasing an additional 210 shares during the period. Finally, MassMutual Private Wealth & Trust FSB grew its holdings in Evergy by 6.0% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 3,905 shares of the company’s stock valued at $269,000 after purchasing an additional 221 shares during the period. 87.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Evergy

In other news, SVP Lesley Lissette Elwell sold 8,000 shares of the business’s stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.42% of the company’s stock.

Evergy Price Performance

EVRG opened at $77.47 on Friday. 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 Inc. has a 52-week low of $59.12 and a 52-week high of $78.56. The company has a 50 day moving average of $73.11 and a two-hundred day moving average of $69.59. The company has a market cap of $17.83 billion, a P/E ratio of 21.28, a P/E/G ratio of 3.39 and a beta of 0.57.

Evergy (NASDAQ:EVRG) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.45 billion. During the same period in the previous year, the firm earned $0.90 earnings per share. Evergy’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. On average, analysts expect that Evergy Inc. will post 3.83 earnings per share for the current year.

Evergy Announces Dividend

The firm also recently disclosed 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. This represents a $2.67 annualized dividend and a yield of 3.4%. The ex-dividend date was Friday, August 22nd. Evergy’s payout ratio is currently 73.35%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on EVRG shares. Jefferies Financial Group boosted their target price on shares of Evergy from $77.00 to $87.00 and gave the company a “buy” rating in a report on Thursday. Weiss Ratings restated a “buy (b-)” rating on shares of Evergy in a report on Wednesday. Mizuho boosted their target price on shares of Evergy from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Finally, Barclays restated an “outperform” rating on shares of Evergy in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $76.94.

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.