Venturi Wealth Management LLC Sells 484 Shares of Evergy Inc. $EVRG

Venturi Wealth Management LLC trimmed its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 13.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,245 shares of the company’s stock after selling 484 shares during the quarter. Venturi Wealth Management LLC’s holdings in Evergy were worth $224,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in EVRG. Brighton Jones LLC bought a new stake in Evergy during the 4th quarter worth approximately $257,000. Park Avenue Securities LLC boosted its stake in shares of Evergy by 14.8% in the 1st quarter. Park Avenue Securities LLC now owns 8,966 shares of the company’s stock valued at $618,000 after purchasing an additional 1,156 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Evergy by 124.3% in the 1st quarter. Farther Finance Advisors LLC now owns 6,068 shares of the company’s stock valued at $419,000 after purchasing an additional 3,363 shares during the last quarter. Yousif Capital Management LLC boosted its stake in shares of Evergy by 0.8% in the 1st quarter. Yousif Capital Management LLC now owns 45,808 shares of the company’s stock valued at $3,158,000 after purchasing an additional 348 shares during the last quarter. Finally, Wealthcare Advisory Partners LLC boosted its stake in shares of Evergy by 32.9% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 9,734 shares of the company’s stock valued at $671,000 after purchasing an additional 2,412 shares during the last quarter. 87.24% of the stock is owned by institutional investors.

Evergy Stock Up 1.0%

Shares of NASDAQ EVRG opened at $77.47 on Friday. The firm has a market cap of $17.83 billion, a PE ratio of 21.28, a P/E/G ratio of 3.39 and a beta of 0.57. Evergy Inc. has a 12-month low of $59.12 and a 12-month high of $78.56. The company’s fifty day simple moving average is $73.11 and its 200 day simple moving average is $69.59. 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 earnings results on Thursday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.04. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.45 billion. Evergy had a net margin of 14.29% and a return on equity of 8.62%. Evergy’s revenue was down .7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.90 earnings per share. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. As a group, sell-side analysts forecast that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

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

Insiders Place Their Bets

In other Evergy news, SVP Lesley Lissette Elwell sold 8,000 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $72.33, for a total transaction of $578,640.00. Following the transaction, the senior vice president owned 499 shares in the company, valued at approximately $36,092.67. This represents a 94.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on EVRG shares. Mizuho upped their price objective on shares of Evergy from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Barclays reaffirmed an “outperform” rating on shares of Evergy in a research note on Thursday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Evergy in a research note on Wednesday. Finally, Jefferies Financial Group upped their price objective on shares of Evergy from $77.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating and nine have issued a Buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $76.94.

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.