Ethic Inc. Buys 332 Shares of Evergy Inc. $EVRG

Ethic Inc. increased its stake in Evergy Inc. (NASDAQ:EVRG) by 1.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,425 shares of the company’s stock after buying an additional 332 shares during the quarter. Ethic Inc.’s holdings in Evergy were worth $1,190,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Horizon Investments LLC lifted its position in Evergy by 4.9% in the first quarter. Horizon Investments LLC now owns 3,353 shares of the company’s stock worth $231,000 after buying an additional 158 shares during the last quarter. Rogco LP increased its stake in Evergy by 16.4% in the second quarter. Rogco LP now owns 1,120 shares of the company’s stock worth $77,000 after purchasing an additional 158 shares during the period. Triad Wealth Partners LLC increased its stake in Evergy by 3.8% in the second quarter. Triad Wealth Partners LLC now owns 4,389 shares of the company’s stock worth $303,000 after purchasing an additional 159 shares during the period. Crewe Advisors LLC increased its stake in Evergy by 21.0% in the second quarter. Crewe Advisors LLC now owns 1,089 shares of the company’s stock worth $75,000 after purchasing an additional 189 shares during the period. Finally, Banco Bilbao Vizcaya Argentaria S.A. increased its stake in Evergy by 4.4% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,944 shares of the company’s stock worth $341,000 after purchasing an additional 210 shares during the period. 87.24% of the stock is currently owned by institutional investors.

Insider Transactions at Evergy

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 value of $578,640.00. Following the transaction, the senior vice president owned 499 shares in the company, valued at $36,092.67. The trade was a 94.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.42% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Jefferies Financial Group increased 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. Barclays reiterated an “outperform” rating on shares of Evergy in a research note on Thursday, October 9th. Mizuho increased their target price on Evergy from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Evergy in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $78.07.

Evergy Price Performance

EVRG opened at $77.96 on Monday. The business’s 50-day moving average is $74.17 and its two-hundred day moving average is $70.38. Evergy Inc. has a 1 year low of $59.23 and a 1 year high of $79.32. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.50 and a quick ratio of 0.27. The firm has a market capitalization of $17.94 billion, a PE ratio of 21.42, a price-to-earnings-growth ratio of 3.60 and a beta of 0.57.

Evergy (NASDAQ:EVRG) last posted 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. Evergy had a return on equity of 8.62% and a net margin of 14.29%.The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the previous year, the firm earned $0.90 earnings per share. The firm’s quarterly revenue was down .7% compared to the same quarter last year. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. Research analysts anticipate that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

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