denkapparat Operations GmbH Cuts Stake in Evergy Inc. $EVRG

denkapparat Operations GmbH cut its stake in shares of Evergy Inc. (NASDAQ:EVRG) by 31.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,618 shares of the company’s stock after selling 2,126 shares during the quarter. denkapparat Operations GmbH’s holdings in Evergy were worth $318,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of EVRG. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Evergy by 44.4% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,470,917 shares of the company’s stock valued at $170,320,000 after acquiring an additional 760,301 shares during the period. National Pension Service grew its position in Evergy by 340.4% during the 2nd quarter. National Pension Service now owns 3,699 shares of the company’s stock worth $255,000 after purchasing an additional 2,859 shares during the last quarter. Advyzon Investment Management LLC acquired a new position in Evergy in the second quarter valued at $324,000. CENTRAL TRUST Co raised its holdings in shares of Evergy by 3.7% in the second quarter. CENTRAL TRUST Co now owns 5,074 shares of the company’s stock valued at $350,000 after buying an additional 183 shares during the last quarter. Finally, Vise Technologies Inc. acquired a new stake in shares of Evergy during the second quarter worth about $464,000. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Wall Street Analyst Weigh In

EVRG has been the topic of several recent research reports. Barclays restated an “outperform” rating on shares of Evergy in a research report on Thursday, October 9th. Mizuho lifted their target price on Evergy from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Evergy in a report on Wednesday, October 8th. Citigroup lifted their price objective on shares of Evergy from $79.00 to $89.00 and gave the company a “buy” rating in a research report on Monday. Finally, Wall Street Zen upgraded shares of Evergy from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $80.72.

Insider Activity at Evergy

In related news, SVP Lesley Lissette Elwell sold 8,000 shares of the business’s stock in a transaction that occurred on 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 owned 499 shares in the company, 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 SEC, which is available through this hyperlink. Company insiders own 1.42% of the company’s stock.

Evergy Trading Up 0.5%

Shares of Evergy stock opened at $77.34 on Thursday. The business’s fifty day moving average is $75.52 and its two-hundred day moving average is $71.25. The company has a quick ratio of 0.27, a current ratio of 0.50 and a debt-to-equity ratio of 1.24. Evergy Inc. has a fifty-two week low of $59.67 and a fifty-two week high of $79.32. The firm has a market cap of $17.80 billion, a PE ratio of 21.25, a P/E/G ratio of 3.56 and a beta of 0.61.

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

Evergy Increases Dividend

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

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.