TD Asset Management Inc Purchases 1,528 Shares of Evergy Inc. $EVRG

TD Asset Management Inc lifted its position in Evergy Inc. (NASDAQ:EVRG) by 1.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 85,791 shares of the company’s stock after purchasing an additional 1,528 shares during the period. TD Asset Management Inc’s holdings in Evergy were worth $5,914,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in EVRG. Alpine Bank Wealth Management purchased a new stake in Evergy in the first quarter worth $32,000. Olde Wealth Management LLC purchased a new stake in Evergy in the first quarter worth $32,000. LRI Investments LLC purchased a new stake in Evergy in the first quarter worth $32,000. Clearstead Trust LLC purchased a new stake in Evergy in the first quarter worth $32,000. Finally, Cary Street Partners Investment Advisory LLC purchased a new stake in Evergy in the first quarter worth $34,000. Institutional investors own 87.24% of the company’s stock.

Evergy Price Performance

EVRG opened at $77.98 on Monday. The stock has a 50-day moving average price of $73.61 and a 200-day moving average price of $69.92. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.50 and a quick ratio of 0.27. The firm has a market cap of $17.95 billion, a PE ratio of 21.42, a P/E/G ratio of 3.61 and a beta of 0.57. Evergy Inc. has a 1 year low of $59.23 and a 1 year high of $79.32.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results 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. The firm had revenue of $1.43 billion during 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 quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 EPS. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. Sell-side analysts predict that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently commented on the company. Mizuho raised their price target on Evergy from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Evergy in a research report on Wednesday, October 8th. Jefferies Financial Group raised their price objective on Evergy from $77.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Finally, Barclays reissued an “outperform” rating on shares of Evergy in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $78.07.

Insider Activity

In other news, SVP Lesley Lissette Elwell sold 8,000 shares of Evergy stock in a transaction dated 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 transaction, the senior vice president owned 499 shares of the company’s stock, valued at $36,092.67. The trade was a 94.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.42% of the stock is currently 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.