Chicago Partners Investment Group LLC Has $885,000 Stake in Evergy Inc. $EVRG

Chicago Partners Investment Group LLC raised its stake in Evergy Inc. (NASDAQ:EVRG) by 26.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,719 shares of the company’s stock after buying an additional 2,677 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Evergy were worth $885,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management acquired a new position in Evergy in the first quarter valued at about $32,000. LRI Investments LLC acquired a new position in Evergy in the first quarter valued at about $32,000. Clearstead Trust LLC acquired a new position in Evergy in the first quarter valued at about $32,000. Olde Wealth Management LLC acquired a new position in Evergy in the first quarter valued at about $32,000. Finally, Cary Street Partners Investment Advisory LLC acquired a new position in Evergy in the first quarter valued at about $34,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Stock Down 0.7%

NASDAQ:EVRG opened at $78.12 on Wednesday. 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 company has a market cap of $17.98 billion, a PE ratio of 21.46, a PEG ratio of 3.64 and a beta of 0.57. Evergy Inc. has a 52-week low of $59.23 and a 52-week high of $79.32. The stock has a 50-day simple moving average of $73.84 and a 200 day simple moving average of $70.06.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company earned $0.90 earnings per share. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. On average, sell-side analysts expect that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Dividend Announcement

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

Analysts Set New Price Targets

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

Insider Activity

In related news, SVP Lesley Lissette Elwell sold 8,000 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $72.33, for a total transaction of $578,640.00. Following the completion of the transaction, the senior vice president directly owned 499 shares in the company, valued at approximately $36,092.67. This trade represents a 94.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.42% of the company’s stock.

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.