Sequoia Financial Advisors LLC Acquires 10,883 Shares of Evergy Inc. $EVRG

Sequoia Financial Advisors LLC lifted its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 56.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,187 shares of the company’s stock after purchasing an additional 10,883 shares during the period. Sequoia Financial Advisors LLC’s holdings in Evergy were worth $2,295,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of EVRG. FAS Wealth Partners Inc. raised its position in Evergy by 2.4% during the 2nd quarter. FAS Wealth Partners Inc. now owns 6,413 shares of the company’s stock worth $442,000 after purchasing an additional 150 shares during the last quarter. Bfsg LLC increased its stake in shares of Evergy by 22.9% in the third quarter. Bfsg LLC now owns 817 shares of the company’s stock valued at $62,000 after buying an additional 152 shares during the period. Rogco LP increased its stake in shares of Evergy by 16.4% in the second quarter. Rogco LP now owns 1,120 shares of the company’s stock valued at $77,000 after buying an additional 158 shares during the period. Triad Wealth Partners LLC raised its position in shares of Evergy by 3.8% during the second quarter. Triad Wealth Partners LLC now owns 4,389 shares of the company’s stock worth $303,000 after acquiring an additional 159 shares during the last quarter. Finally, GoalVest Advisory LLC lifted its stake in shares of Evergy by 3.2% in the second quarter. GoalVest Advisory LLC now owns 5,259 shares of the company’s stock worth $363,000 after acquiring an additional 163 shares during the period. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Evergy Stock Down 0.4%

Shares of NASDAQ EVRG opened at $76.13 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 0.52 and a debt-to-equity ratio of 1.20. The firm has a market cap of $17.53 billion, a PE ratio of 20.86, a P/E/G ratio of 3.09 and a beta of 0.67. The company’s fifty day simple moving average is $74.43 and its 200 day simple moving average is $73.70. Evergy Inc. has a 12-month low of $61.94 and a 12-month high of $79.32.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $2.03 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.11). Evergy had a net margin of 14.45% and a return on equity of 8.66%. The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $2.24 billion. During the same period last year, the firm posted $2.02 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. As a group, sell-side analysts forecast that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, November 21st were paid a dividend of $0.695 per share. This is an increase from Evergy’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend was Friday, November 21st. This represents a $2.78 dividend on an annualized basis and a yield of 3.7%. Evergy’s dividend payout ratio (DPR) is currently 76.16%.

Analysts Set New Price Targets

A number of analysts have weighed in on EVRG shares. Wall Street Zen downgraded shares of Evergy from a “hold” rating to a “sell” rating in a research report on Monday, December 22nd. Royal Bank Of Canada raised shares of Evergy to a “moderate buy” rating in a research note on Tuesday, October 28th. Wells Fargo & Company increased their price objective on shares of Evergy from $77.00 to $79.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Barclays restated an “outperform” rating on shares of Evergy in a report on Thursday, October 9th. Finally, Mizuho reaffirmed a “neutral” rating and set a $76.00 price target (down previously from $86.00) on shares of Evergy in a research report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $83.00.

About Evergy

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.