Trilogy Capital Inc. Has $3.30 Million Stock Holdings in Evergy Inc. $EVRG

Trilogy Capital Inc. grew its stake in Evergy Inc. (NASDAQ:EVRG) by 1.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,920 shares of the company’s stock after purchasing an additional 708 shares during the period. Trilogy Capital Inc.’s holdings in Evergy were worth $3,303,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the stock. Bfsg LLC bought a new position in Evergy during the 1st quarter worth about $25,000. Alpine Bank Wealth Management acquired a new stake in Evergy during the first quarter worth approximately $32,000. LRI Investments LLC acquired a new stake in shares of Evergy in the first quarter valued at approximately $32,000. Clearstead Trust LLC acquired a new stake in shares of Evergy in the first quarter valued at approximately $32,000. Finally, Olde Wealth Management LLC acquired a new position in Evergy during the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on EVRG. Mizuho boosted their price objective 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 set a $78.00 price objective on shares of Evergy and gave the stock a “buy” rating in a research report on Tuesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to data from MarketBeat, Evergy currently has an average rating of “Buy” and a consensus price target of $74.44.

Insider Activity

In other news, SVP Lesley Lissette Elwell sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, September 15th. The shares were 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 approximately $36,092.67. This represents a 94.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.42% of the company’s stock.

Evergy Stock Up 1.3%

Shares of NASDAQ:EVRG opened at $76.02 on Wednesday. The firm has a fifty day moving average price of $71.98 and a two-hundred day moving average price of $69.05. 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 one year low of $59.00 and a one year high of $76.18. The company has a market cap of $17.50 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 3.28 and a beta of 0.58.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings data on Thursday, August 7th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.04. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Evergy had a net margin of 14.29% and a return on equity of 8.62%. The business’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter last year, the company posted $0.90 EPS. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. Analysts anticipate that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 22nd were paid a dividend of $0.6675 per share. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $2.67 annualized dividend and a yield of 3.5%. Evergy’s payout ratio is presently 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.