Asset Management One Co. Ltd. Has $9.13 Million Stock Position in Evergy Inc. $EVRG

Asset Management One Co. Ltd. grew its stake in Evergy Inc. (NASDAQ:EVRG) by 39.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 132,499 shares of the company’s stock after buying an additional 37,305 shares during the period. Asset Management One Co. Ltd. owned approximately 0.06% of Evergy worth $9,133,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC bought a new position in Evergy in the 4th quarter worth approximately $257,000. GAMMA Investing LLC grew its position in Evergy by 19.7% during the 1st quarter. GAMMA Investing LLC now owns 14,120 shares of the company’s stock worth $974,000 after acquiring an additional 2,326 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Evergy by 13.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,568 shares of the company’s stock worth $1,803,000 after acquiring an additional 3,202 shares during the last quarter. KBC Group NV grew its position in Evergy by 28.4% during the 1st quarter. KBC Group NV now owns 16,391 shares of the company’s stock worth $1,130,000 after acquiring an additional 3,622 shares during the last quarter. Finally, Verity Asset Management Inc. lifted its holdings in Evergy by 2.9% during the 1st quarter. Verity Asset Management Inc. now owns 10,821 shares of the company’s stock worth $746,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on EVRG. Weiss Ratings reissued a “buy (b-)” rating on shares of Evergy in a research note on Wednesday, October 8th. Mizuho increased their price target on Evergy from $74.00 to $77.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Jefferies Financial Group increased their price target on Evergy from $77.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Wells Fargo & Company began coverage on Evergy in a research note on Monday. They issued an “overweight” rating and a $77.00 price target on the stock. Finally, Barclays reissued an “outperform” rating on shares of Evergy in a research note on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $79.61.

Evergy Stock Performance

EVRG opened at $78.31 on Tuesday. The business’s 50-day moving average price is $74.31 and its two-hundred day moving average price is $70.48. Evergy Inc. has a 1 year low of $59.23 and a 1 year high of $79.32. The company has a market capitalization of $18.02 billion, a price-to-earnings ratio of 21.51, a P/E/G ratio of 3.60 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 released its quarterly 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 firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the business posted $0.90 EPS. The company’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. Equities analysts expect that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Dividend Announcement

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

Insider Activity

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 sale, the senior vice president owned 499 shares of the company’s stock, valued at $36,092.67. This trade represents a 94.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.42% of the stock is owned by corporate insiders.

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.