S&A Financial Services Inc. Purchases Shares of 9,141 Evergy Inc. $EVRG

S&A Financial Services Inc. purchased a new stake in shares of Evergy Inc. (NASDAQ:EVRG) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,141 shares of the company’s stock, valued at approximately $749,000.

A number of other hedge funds also recently modified their holdings of EVRG. Adage Capital Partners GP L.L.C. grew its stake in shares of Evergy by 476.6% in the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,207,882 shares of the company’s stock worth $87,559,000 after purchasing an additional 998,400 shares during the last quarter. Freestone Grove Partners LP raised its position in Evergy by 321.1% during the 4th quarter. Freestone Grove Partners LP now owns 854,739 shares of the company’s stock worth $61,960,000 after purchasing an additional 651,738 shares during the last quarter. Renaissance Technologies LLC raised its position in Evergy by 122.4% during the 4th quarter. Renaissance Technologies LLC now owns 811,202 shares of the company’s stock worth $58,804,000 after purchasing an additional 446,400 shares during the last quarter. BROOKFIELD Corp ON acquired a new position in Evergy during the 2nd quarter worth about $29,644,000. Finally, Zimmer Partners LP lifted its holdings in Evergy by 147.8% during the 4th quarter. Zimmer Partners LP now owns 137,500 shares of the company’s stock worth $9,967,000 after buying an additional 425,000 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. BTIG Research set a $97.00 price target on Evergy in a research note on Thursday, July 23rd. BMO Capital Markets lifted their price objective on Evergy from $88.00 to $92.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 22nd. Wells Fargo & Company set a $87.00 target price on Evergy in a report on Tuesday, April 21st. Weiss Ratings raised shares of Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. Finally, UBS Group raised their price target on shares of Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.60.

Evergy Stock Performance

Shares of Evergy stock opened at $83.01 on Monday. The business has a 50-day moving average price of $84.61 and a two-hundred day moving average price of $82.13. Evergy Inc. has a 1-year low of $69.54 and a 1-year high of $88.62. The company has a current ratio of 0.45, a quick ratio of 0.24 and a debt-to-equity ratio of 1.29. The company has a market cap of $19.13 billion, a P/E ratio of 22.02, a PEG ratio of 2.15 and a beta of 0.54.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. Evergy had a return on equity of 9.09% and a net margin of 14.63%.The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the previous year, the business earned $0.54 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. As a group, analysts anticipate that Evergy Inc. will post 4.25 EPS for the current year.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 22nd were paid a $0.695 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.78 annualized dividend and a yield of 3.3%. Evergy’s payout ratio is 73.74%.

Insider Activity at Evergy

In related news, Director Sandra Aj Lawrence sold 761 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $83.31, for a total transaction of $63,398.91. Following the transaction, the director owned 1,680 shares in the company, valued at $139,960.80. The trade was a 31.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Charles A. Caisley sold 10,787 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $83.46, for a total transaction of $900,283.02. Following the transaction, the executive vice president directly owned 37,789 shares in the company, valued at approximately $3,153,869.94. This represents a 22.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 12,748 shares of company stock worth $1,061,870. Insiders own 1.52% of the company’s stock.

Evergy Profile

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.