Ranch Capital Advisors Inc. Has $1.91 Million Stake in Evergy Inc. $EVRG

Ranch Capital Advisors Inc. lifted its stake in shares of Evergy Inc. (NASDAQ:EVRG) by 5.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,658 shares of the company’s stock after buying an additional 1,354 shares during the quarter. Ranch Capital Advisors Inc.’s holdings in Evergy were worth $1,906,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of EVRG. Horizon Investments LLC lifted its stake in Evergy by 4.9% during the 1st quarter. Horizon Investments LLC now owns 3,353 shares of the company’s stock valued at $231,000 after acquiring an additional 158 shares in the last quarter. Rogco LP lifted its stake in Evergy by 16.4% during the 2nd quarter. Rogco LP now owns 1,120 shares of the company’s stock valued at $77,000 after acquiring an additional 158 shares in the last quarter. Triad Wealth Partners LLC lifted its stake in Evergy by 3.8% during the 2nd quarter. Triad Wealth Partners LLC now owns 4,389 shares of the company’s stock valued at $303,000 after acquiring an additional 159 shares in the last quarter. Crewe Advisors LLC lifted its stake in Evergy by 21.0% during the 2nd quarter. Crewe Advisors LLC now owns 1,089 shares of the company’s stock valued at $75,000 after acquiring an additional 189 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in Evergy by 4.4% during the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,944 shares of the company’s stock valued at $341,000 after acquiring an additional 210 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Trading Up 0.1%

Shares of EVRG opened at $77.96 on Friday. The business has a 50-day moving average of $74.17 and a 200 day moving average of $70.31. Evergy Inc. has a fifty-two week low of $59.23 and a fifty-two week high of $79.32. The firm has a market cap of $17.94 billion, a P/E ratio of 21.42, a price-to-earnings-growth ratio of 3.60 and a beta of 0.57. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.27 and a current ratio of 0.50.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data 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. Evergy had a return on equity of 8.62% and a net margin of 14.29%.The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter last year, the firm posted $0.90 EPS. The firm’s revenue for the quarter was down .7% on a year-over-year basis. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. As a group, research analysts forecast that Evergy Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors 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 annualized dividend and a yield of 3.4%. Evergy’s dividend payout ratio (DPR) is 73.35%.

Analysts Set New Price Targets

Several equities analysts have weighed in on EVRG shares. Mizuho raised their price objective on Evergy from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Evergy in a research note on Wednesday, October 8th. Jefferies Financial Group lifted their target price on Evergy from $77.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Finally, Barclays reissued an “outperform” rating on shares of Evergy in a report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $78.07.

Insiders Place Their Bets

In other Evergy news, SVP Lesley Lissette Elwell sold 8,000 shares of Evergy stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $72.33, for a total transaction of $578,640.00. Following the completion of the transaction, the senior vice president owned 499 shares of the company’s stock, valued at $36,092.67. The trade was a 94.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.42% of the company’s stock.

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.