Bryn Mawr Trust Advisors LLC Acquires 4,385 Shares of Evergy Inc. $EVRG

Bryn Mawr Trust Advisors LLC raised its holdings in Evergy Inc. (NASDAQ:EVRG) by 3.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 130,784 shares of the company’s stock after acquiring an additional 4,385 shares during the quarter. Bryn Mawr Trust Advisors LLC’s holdings in Evergy were worth $9,015,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. LRI Investments LLC bought a new position in shares of Evergy during the 1st quarter valued at $32,000. Clearstead Trust LLC acquired a new position in Evergy during the first quarter worth $32,000. Cary Street Partners Investment Advisory LLC bought a new position in Evergy during the first quarter valued at about $34,000. Investment Management Corp VA ADV lifted its position in shares of Evergy by 168.4% in the first quarter. Investment Management Corp VA ADV now owns 569 shares of the company’s stock worth $39,000 after buying an additional 357 shares during the last quarter. Finally, Bfsg LLC boosted its stake in shares of Evergy by 82.2% during the 2nd quarter. Bfsg LLC now owns 665 shares of the company’s stock worth $46,000 after acquiring an additional 300 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on EVRG shares. Royal Bank Of Canada raised shares of Evergy to a “moderate buy” rating in a research report on Tuesday, October 28th. Barclays restated an “outperform” rating on shares of Evergy in a report on Thursday, October 9th. Mizuho upped their price objective on shares of Evergy from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Evergy in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company upgraded shares of Evergy to a “hold” rating in a research note on Tuesday, October 28th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $79.61.

Insider Buying and Selling at Evergy

In other news, SVP Lesley Lissette Elwell sold 8,000 shares of Evergy stock in a transaction that occurred on Monday, September 15th. The shares were 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 in the company, 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 legal filing with the SEC, which is accessible through this link. Insiders own 1.42% of the company’s stock.

Evergy Stock Performance

Evergy stock opened at $75.56 on Friday. 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 stock has a fifty day moving average price of $75.09 and a two-hundred day moving average price of $70.99. Evergy Inc. has a 52-week low of $59.67 and a 52-week high of $79.32. The firm has a market capitalization of $17.39 billion, a P/E ratio of 20.76, a P/E/G ratio of 3.56 and a beta of 0.61.

Evergy (NASDAQ:EVRG) last issued its earnings results on Thursday, November 6th. The company reported $2.03 EPS for the quarter, missing the consensus estimate of $2.14 by ($0.11). Evergy had a net margin of 14.29% and a return on equity of 8.62%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the prior year, the firm posted $2.02 EPS. The firm’s revenue for the quarter was down .1% on a year-over-year basis. Evergy has set its FY 2025 guidance at 3.920-4.020 EPS. As a group, analysts anticipate that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, November 21st will be paid a dividend of $0.695 per share. This is a positive change from Evergy’s previous quarterly dividend of $0.67. This represents a $2.78 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, November 21st. Evergy’s payout ratio is currently 73.35%.

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.