Evergy Inc. $EVRG Shares Acquired by Profund Advisors LLC

Profund Advisors LLC increased its holdings in Evergy Inc. (NASDAQ:EVRG) by 27.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,566 shares of the company’s stock after buying an additional 2,509 shares during the period. Profund Advisors LLC’s holdings in Evergy were worth $797,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Nuveen LLC acquired a new position in Evergy during the first quarter worth about $212,132,000. Magellan Asset Management Ltd raised its position in shares of Evergy by 1,418.7% during the 2nd quarter. Magellan Asset Management Ltd now owns 2,364,493 shares of the company’s stock worth $162,985,000 after purchasing an additional 2,208,799 shares during the last quarter. Maple Brown Abbott Ltd purchased a new stake in Evergy in the 1st quarter valued at approximately $63,444,000. Truist Financial Corp lifted its stake in Evergy by 2,959.7% in the 2nd quarter. Truist Financial Corp now owns 534,558 shares of the company’s stock valued at $36,847,000 after buying an additional 517,087 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in Evergy by 16.7% during the 1st quarter. Northern Trust Corp now owns 2,737,480 shares of the company’s stock valued at $188,749,000 after buying an additional 392,361 shares during the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Jefferies Financial Group upped 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. Barclays restated an “outperform” rating on shares of Evergy in a report on Thursday, October 9th. Mizuho raised their price target on shares of Evergy from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Wall Street Zen raised shares of Evergy from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Royal Bank Of Canada raised shares of Evergy to a “moderate buy” 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 issued a Hold rating to the stock. According to MarketBeat.com, Evergy currently has a consensus rating of “Buy” and an average target price of $80.72.

Evergy Trading Up 0.5%

NASDAQ EVRG opened at $76.99 on Wednesday. The company has a market cap of $17.72 billion, a P/E ratio of 21.15, a P/E/G ratio of 3.56 and a beta of 0.61. Evergy Inc. has a 12 month low of $59.67 and a 12 month high of $79.32. 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 company has a 50-day moving average of $75.40 and a 200-day moving average of $71.21.

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

Evergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, November 21st will be issued a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Friday, November 21st. This is a positive change from Evergy’s previous quarterly dividend of $0.67. Evergy’s payout ratio is currently 76.16%.

Insider Buying and Selling at Evergy

In related news, SVP Lesley Lissette Elwell sold 8,000 shares of Evergy 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 transaction, the senior vice president 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.42% of the company’s stock.

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.