Greenwood Capital Associates LLC Buys Shares of 18,030 Evergy Inc. $EVRG

Greenwood Capital Associates LLC purchased a new stake in shares of Evergy Inc. (NASDAQ:EVRG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 18,030 shares of the company’s stock, valued at approximately $1,558,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Evergy by 9.1% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,160,181 shares of the company’s stock valued at $100,274,000 after purchasing an additional 96,765 shares during the last quarter. New Mexico Educational Retirement Board lifted its holdings in shares of Evergy by 7.5% during the 2nd quarter. New Mexico Educational Retirement Board now owns 11,450 shares of the company’s stock valued at $990,000 after buying an additional 800 shares during the last quarter. Mufg Securities Americas Inc. lifted its holdings in shares of Evergy by 9.0% during the 2nd quarter. Mufg Securities Americas Inc. now owns 6,943 shares of the company’s stock valued at $600,000 after buying an additional 573 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Evergy by 5.2% in the 2nd quarter. Van ECK Associates Corp now owns 134,442 shares of the company’s stock valued at $11,620,000 after buying an additional 6,637 shares in the last quarter. Finally, Nissay Asset Management Corp Japan increased its holdings in Evergy by 2.2% in the second quarter. Nissay Asset Management Corp Japan now owns 31,430 shares of the company’s stock worth $2,716,000 after buying an additional 675 shares during the last quarter. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Evergy Price Performance

Shares of NASDAQ:EVRG opened at $80.65 on Friday. The company has a market cap of $18.60 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 2.09 and a beta of 0.54. The business has a 50 day moving average price of $84.61 and a 200 day moving average price of $82.97. The company has a quick ratio of 0.21, a current ratio of 0.36 and a debt-to-equity ratio of 1.20. Evergy Inc. has a twelve month low of $70.42 and a twelve month high of $88.62.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.81 by $0.07. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.36 billion. Evergy had a return on equity of 9.20% and a net margin of 15.19%.During the same period in the previous year, the business posted $0.82 EPS. Research analysts predict that Evergy Inc. will post 4.25 earnings per share for the current year.

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, August 18th 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 3.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Evergy’s dividend payout ratio (DPR) is presently 70.56%.

Analysts Set New Price Targets

EVRG has been the topic of several analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Evergy in a research note on Friday, August 7th. Barclays increased their target price on shares of Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. Citigroup upped their price target on Evergy from $95.00 to $97.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. BMO Capital Markets increased their price objective on Evergy from $88.00 to $92.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Finally, BTIG Research set a $97.00 target price on Evergy in a report on Thursday, July 23rd. Eight research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.60.

Insider Transactions at Evergy

In other news, EVP Charles A. Caisley sold 10,787 shares of Evergy stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $83.46, for a total transaction of $900,283.02. Following the sale, the executive vice president directly owned 37,789 shares in the company, valued at approximately $3,153,869.94. The trade was a 22.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sandra Aj Lawrence sold 600 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $81.41, for a total transaction of $48,846.00. Following the completion of the sale, the director directly owned 680 shares in the company, valued at approximately $55,358.80. The trade was a 46.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 11,587 shares of company stock valued at $965,655 over the last ninety days. 1.52% of the stock is owned by insiders.

About Evergy

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.