Crewe Advisors LLC Buys 189 Shares of Evergy Inc. $EVRG

Crewe Advisors LLC increased its holdings in Evergy Inc. (NASDAQ:EVRG) by 21.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,089 shares of the company’s stock after buying an additional 189 shares during the period. Crewe Advisors LLC’s holdings in Evergy were worth $75,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new stake in Evergy during the 4th quarter valued at $257,000. GAMMA Investing LLC boosted its holdings in shares of Evergy by 19.7% in the 1st quarter. GAMMA Investing LLC now owns 14,120 shares of the company’s stock worth $974,000 after purchasing an additional 2,326 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Evergy by 9.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 36,263 shares of the company’s stock valued at $2,500,000 after acquiring an additional 3,014 shares during the last quarter. Sowell Financial Services LLC bought a new position in shares of Evergy during the 1st quarter valued at $267,000. Finally, State of Alaska Department of Revenue increased its holdings in shares of Evergy by 1.5% in the first quarter. State of Alaska Department of Revenue now owns 49,718 shares of the company’s stock worth $3,427,000 after buying an additional 725 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Stock Performance

Shares of NASDAQ:EVRG opened at $77.98 on Monday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.27 and a current ratio of 0.50. The firm’s 50 day simple moving average is $73.61 and its 200-day simple moving average is $69.92. The firm has a market cap of $17.95 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 3.61 and a beta of 0.57. Evergy Inc. has a one year low of $59.23 and a one year high of $79.32.

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

Evergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, August 22nd were issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 22nd. Evergy’s payout ratio is currently 73.35%.

Insider Activity

In other news, SVP Lesley Lissette Elwell sold 8,000 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was sold at an average price of $72.33, for a total value of $578,640.00. Following the completion of the sale, the senior vice president 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

EVRG has been the subject of a number of recent analyst reports. Barclays reaffirmed an “outperform” rating on shares of Evergy in a research report on Thursday, October 9th. Jefferies Financial Group upped their price objective on shares of Evergy from $77.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Evergy in a report on Wednesday, October 8th. Finally, Mizuho boosted their price objective on shares of Evergy from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. Based on data from MarketBeat.com, Evergy presently has an average rating of “Buy” and an average target price of $78.07.

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.