Evergy Inc. $EVRG Shares Purchased by Profund Advisors LLC

Profund Advisors LLC grew its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 27.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,566 shares of the company’s stock after buying an additional 2,509 shares during the quarter. Profund Advisors LLC’s holdings in Evergy were worth $797,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Amundi boosted its position in shares of Evergy by 14.2% in the first quarter. Amundi now owns 140,301 shares of the company’s stock worth $9,710,000 after buying an additional 17,477 shares during the period. Northern Trust Corp lifted its position in Evergy by 16.7% during the 1st quarter. Northern Trust Corp now owns 2,737,480 shares of the company’s stock worth $188,749,000 after acquiring an additional 392,361 shares in the last quarter. Integrity Alliance LLC. purchased a new position in Evergy in the 1st quarter worth approximately $319,000. Simplicity Wealth LLC purchased a new position in Evergy in the 2nd quarter worth approximately $778,000. Finally, Callan Family Office LLC acquired a new stake in Evergy in the second quarter valued at approximately $413,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Insider Activity at Evergy

In other news, SVP Lesley Lissette Elwell sold 8,000 shares of Evergy stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $72.33, for a total value of $578,640.00. Following the completion of the transaction, the senior vice president owned 499 shares in the company, valued at approximately $36,092.67. This trade represents a 94.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on EVRG shares. Wall Street Zen raised shares of Evergy from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Mizuho lifted their price target on shares of Evergy from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Jefferies Financial Group boosted their price objective on shares of Evergy from $77.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Citigroup raised their target price on Evergy from $79.00 to $89.00 and gave the company a “buy” rating in a research note on Monday. Finally, Wells Fargo & Company raised Evergy to a “hold” rating in a research report on Tuesday, October 28th. One equities research 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. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $80.72.

Evergy Trading Up 0.5%

NASDAQ EVRG opened at $76.99 on Wednesday. The company has a market capitalization of $17.72 billion, a price-to-earnings ratio of 21.15, a price-to-earnings-growth ratio of 3.56 and a beta of 0.61. 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 Inc. has a 12 month low of $59.67 and a 12 month high of $79.32. The company’s fifty day moving average price is $75.40 and its two-hundred day moving average price is $71.21.

Evergy (NASDAQ:EVRG) last issued its earnings results on Thursday, November 6th. The company reported $2.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.11). Evergy had a net margin of 14.29% and a return on equity of 8.62%. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter last year, the company posted $2.02 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Evergy has set its FY 2025 guidance at 3.920-4.020 EPS. As a group, research analysts predict that Evergy Inc. will post 3.83 earnings per share for the current fiscal 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 issued a dividend of $0.695 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.78 dividend on an annualized basis and a yield of 3.6%. This is a boost from Evergy’s previous quarterly dividend of $0.67. Evergy’s dividend payout ratio (DPR) is 76.16%.

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.