Oxbow Advisors LLC Increases Stock Holdings in Evergy Inc. $EVRG

Oxbow Advisors LLC lifted its stake in Evergy Inc. (NASDAQ:EVRG) by 3.8% in the second quarter, Holdings Channel.com reports. The firm owned 47,066 shares of the company’s stock after buying an additional 1,713 shares during the period. Oxbow Advisors LLC’s holdings in Evergy were worth $3,244,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Bfsg LLC purchased a new position in Evergy during the 1st quarter valued at $25,000. Alpine Bank Wealth Management purchased a new position in Evergy during the 1st quarter valued at $32,000. LRI Investments LLC purchased a new position in Evergy during the 1st quarter valued at $32,000. Clearstead Trust LLC purchased a new position in Evergy during the 1st quarter valued at $32,000. Finally, Olde Wealth Management LLC purchased a new position in Evergy during the 1st quarter valued at $32,000. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Insider Buying and Selling at Evergy

In other news, SVP Lesley Lissette Elwell sold 8,000 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $72.33, for a total value of $578,640.00. Following the transaction, the senior vice president directly owned 499 shares of the company’s stock, valued at approximately $36,092.67. This represents a 94.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.42% of the company’s stock.

Evergy Trading Down 1.5%

Shares of NASDAQ:EVRG opened at $77.50 on Friday. The business’s 50-day moving average is $73.50 and its 200 day moving average is $69.85. Evergy Inc. has a 1 year low of $59.23 and a 1 year high of $79.32. The firm has a market capitalization of $17.84 billion, a P/E ratio of 21.29, a P/E/G ratio of 3.64 and a beta of 0.57. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.50 and a quick ratio of 0.27.

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

Evergy Dividend Announcement

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. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.4%. Evergy’s dividend payout ratio is currently 73.35%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on EVRG shares. Mizuho boosted their price objective on Evergy from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Evergy in a research report on Wednesday, October 8th. Jefferies Financial Group lifted their target price on Evergy from $77.00 to $87.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Finally, Barclays reissued an “outperform” rating on shares of Evergy in a research report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $78.07.

About Evergy

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.