Prudent Man Advisors LLC Grows Position in Evergy Inc. $EVRG

Prudent Man Advisors LLC raised its holdings in Evergy Inc. (NASDAQ:EVRG) by 28.6% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,646 shares of the company’s stock after acquiring an additional 2,592 shares during the period. Prudent Man Advisors LLC’s holdings in Evergy were worth $803,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of EVRG. Brighton Jones LLC purchased a new stake in shares of Evergy in the 4th quarter valued at about $257,000. GAMMA Investing LLC raised 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 valued at $974,000 after acquiring an additional 2,326 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Evergy by 9.1% in the 1st 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 in the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Evergy by 3.2% in the 1st quarter. Asset Management One Co. Ltd. now owns 95,194 shares of the company’s stock valued at $6,564,000 after acquiring an additional 2,986 shares in the last quarter. Finally, Illinois Municipal Retirement Fund raised its holdings in shares of Evergy by 66.7% in the 1st quarter. Illinois Municipal Retirement Fund now owns 138,357 shares of the company’s stock valued at $9,540,000 after acquiring an additional 55,359 shares in the last quarter. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Evergy Stock Performance

Shares of NASDAQ EVRG opened at $77.96 on Friday. The stock has a market cap of $17.94 billion, a price-to-earnings ratio of 21.42, a P/E/G ratio of 3.60 and a beta of 0.57. The company has a current ratio of 0.50, a quick ratio of 0.27 and a debt-to-equity ratio of 1.24. Evergy Inc. has a 1-year low of $59.23 and a 1-year high of $79.32. The stock’s 50-day moving average is $74.17 and its 200 day moving average is $70.35.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Evergy had a return on equity of 8.62% and a net margin of 14.29%.Evergy’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the firm posted $0.90 EPS. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. On average, sell-side analysts anticipate that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

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

Wall Street Analysts Forecast Growth

EVRG has been the topic of several recent analyst reports. Barclays reaffirmed an “outperform” rating on shares of Evergy in a report on Thursday, October 9th. Mizuho raised their price objective on Evergy from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Evergy in a report on Saturday. Finally, Jefferies Financial Group raised their price objective on Evergy from $77.00 to $87.00 and gave the company a “buy” rating in a 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 stock. According to MarketBeat.com, Evergy presently has an average rating of “Buy” and a consensus price target of $78.07.

Insider Buying and Selling

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

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.