Evergy Inc. $EVRG Shares Purchased by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. lifted its stake in Evergy Inc. (NASDAQ:EVRG) by 1.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 385,120 shares of the company’s stock after acquiring an additional 5,766 shares during the quarter. Evergy accounts for 1.4% of GW Henssler & Associates Ltd.’s investment portfolio, making the stock its 20th largest position. GW Henssler & Associates Ltd. owned 0.17% of Evergy worth $26,546,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the stock. Nuveen LLC acquired a new position in shares of Evergy in the 1st quarter worth approximately $212,132,000. Northern Trust Corp lifted its holdings in shares of Evergy by 16.7% in the 1st quarter. Northern Trust Corp now owns 2,737,480 shares of the company’s stock worth $188,749,000 after acquiring an additional 392,361 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Evergy by 0.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,174,047 shares of the company’s stock worth $149,901,000 after acquiring an additional 13,555 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Evergy by 11.2% in the 1st quarter. Jennison Associates LLC now owns 1,730,849 shares of the company’s stock worth $119,342,000 after acquiring an additional 174,269 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Evergy by 27.7% in the 1st quarter. AQR Capital Management LLC now owns 1,482,508 shares of the company’s stock worth $101,715,000 after acquiring an additional 321,406 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Evergy

In other news, SVP Lesley Lissette Elwell sold 8,000 shares of the firm’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $72.33, for a total value of $578,640.00. Following the sale, the senior vice president directly owned 499 shares in the company, valued at approximately $36,092.67. This trade represents a 94.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on EVRG shares. Mizuho increased their target price on shares of Evergy from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Jefferies Financial Group increased their target price on shares of Evergy from $77.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Evergy in a report on Wednesday. Finally, Barclays reiterated an “outperform” rating on shares of Evergy in a report on Thursday. One analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $76.94.

Evergy Price Performance

Shares of EVRG opened at $77.47 on Friday. Evergy Inc. has a twelve month low of $59.12 and a twelve month high of $78.56. The firm’s fifty day simple moving average is $73.11 and its 200-day simple moving average is $69.59. The firm has a market capitalization of $17.83 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 3.39 and a beta of 0.57. The company has a current ratio of 0.50, a quick ratio of 0.27 and a debt-to-equity ratio of 1.24.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. Evergy had a net margin of 14.29% and a return on equity of 8.62%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period last year, the business earned $0.90 EPS. The company’s revenue was down .7% on a year-over-year basis. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. Equities analysts forecast that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, August 22nd were issued a $0.6675 dividend. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date was Friday, August 22nd. Evergy’s dividend payout ratio (DPR) is presently 73.35%.

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.