Evergy Inc. $EVRG Shares Purchased by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. boosted its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 7.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,974 shares of the company’s stock after acquiring an additional 5,722 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Evergy were worth $5,919,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of EVRG. Moors & Cabot Inc. lifted its stake in Evergy by 9.1% in the 2nd quarter. Moors & Cabot Inc. now owns 10,785 shares of the company’s stock worth $743,000 after purchasing an additional 904 shares in the last quarter. Huntington National Bank grew its position in shares of Evergy by 4.3% in the second quarter. Huntington National Bank now owns 4,767 shares of the company’s stock valued at $329,000 after purchasing an additional 195 shares in the last quarter. State of Michigan Retirement System increased its holdings in shares of Evergy by 1.0% in the second quarter. State of Michigan Retirement System now owns 70,381 shares of the company’s stock valued at $4,851,000 after purchasing an additional 700 shares during the last quarter. iA Global Asset Management Inc. lifted its position in Evergy by 57.3% during the second quarter. iA Global Asset Management Inc. now owns 7,370 shares of the company’s stock worth $508,000 after buying an additional 2,685 shares in the last quarter. Finally, Lifeworks Advisors LLC lifted its position in Evergy by 122.7% during the second quarter. Lifeworks Advisors LLC now owns 12,023 shares of the company’s stock worth $829,000 after buying an additional 6,624 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Insider Transactions at Evergy

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 stock was sold at an average price of $72.33, for a total transaction of $578,640.00. Following the transaction, the senior vice president directly owned 499 shares in the company, valued at $36,092.67. This represents 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 currently owned by insiders.

Evergy Stock Up 0.0%

Shares of EVRG opened at $75.59 on Monday. The company’s 50-day moving average price is $75.18 and its 200 day moving average price is $71.09. Evergy Inc. has a 12-month low of $59.67 and a 12-month high of $79.32. The company has a current ratio of 0.50, a quick ratio of 0.27 and a debt-to-equity ratio of 1.24. The firm has a market cap of $17.40 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 3.56 and a beta of 0.61.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings results on Thursday, November 6th. The company reported $2.03 earnings per share for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.11). The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $2.24 billion. Evergy had a net margin of 14.29% and a return on equity of 8.62%. Evergy’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.02 earnings per share. Evergy has set its FY 2025 guidance at 3.920-4.020 EPS. On average, sell-side analysts forecast that Evergy Inc. will post 3.83 earnings per share for the current year.

Evergy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, November 21st will be given a $0.695 dividend. The ex-dividend date of this dividend is Friday, November 21st. This is a positive change from Evergy’s previous quarterly dividend of $0.67. This represents a $2.78 dividend on an annualized basis and a yield of 3.7%. Evergy’s dividend payout ratio is presently 76.16%.

Analyst Upgrades and Downgrades

EVRG has been the subject of several analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Evergy in a report on Wednesday, October 8th. Mizuho boosted their price target on shares of Evergy from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Wells Fargo & Company raised shares of Evergy to a “hold” rating in a report on Tuesday, October 28th. Royal Bank Of Canada upgraded shares of Evergy to a “moderate buy” rating in a research report on Tuesday, October 28th. Finally, Jefferies Financial Group lifted their target price on shares of Evergy from $77.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $79.61.

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.