Evergreen Capital Management LLC Acquires 973 Shares of Evergy Inc. $EVRG

Evergreen Capital Management LLC increased its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 12.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,610 shares of the company’s stock after purchasing an additional 973 shares during the quarter. Evergreen Capital Management LLC’s holdings in Evergy were worth $594,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of EVRG. Nuveen LLC bought a new stake in Evergy during the 1st quarter worth approximately $212,132,000. GAMMA Investing LLC increased its stake in Evergy by 8,154.8% during the 1st quarter. GAMMA Investing LLC now owns 973,574 shares of the company’s stock worth $67,128,000 after purchasing an additional 961,780 shares in the last quarter. Maple Brown Abbott Ltd bought a new stake in Evergy during the 1st quarter worth approximately $63,444,000. Vaughan Nelson Investment Management L.P. bought a new stake in Evergy during the 1st quarter worth approximately $40,285,000. Finally, Captrust Financial Advisors increased its stake in Evergy by 67.2% during the 4th quarter. Captrust Financial Advisors now owns 1,113,538 shares of the company’s stock worth $68,538,000 after purchasing an additional 447,558 shares in the last quarter. 87.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on EVRG. Jefferies Financial Group set a $78.00 target price on Evergy and gave the stock a “buy” rating in a research note on Tuesday, June 10th. Barclays decreased their price target on shares of Evergy from $73.00 to $71.00 and set an “overweight” rating for the company in a research note on Friday, May 30th. Wall Street Zen cut shares of Evergy from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. 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. Finally, Citigroup raised their price target on shares of Evergy from $77.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $74.44.

Evergy Price Performance

Shares of EVRG opened at $71.26 on Monday. The stock has a market capitalization of $16.40 billion, a P/E ratio of 19.58, a P/E/G ratio of 3.11 and a beta of 0.58. Evergy Inc. has a twelve month low of $58.25 and a twelve month high of $73.97. The company has a 50 day moving average of $70.43 and a 200-day moving average of $68.28. 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 (NASDAQ:EVRG) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.04. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Evergy had a net margin of 14.29% and a return on equity of 8.62%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same period last year, the business earned $0.90 EPS. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. As a group, equities research analysts forecast that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be issued a $0.6675 dividend. This represents a $2.67 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, August 22nd. Evergy’s dividend payout ratio is presently 73.35%.

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.