Schnieders Capital Management LLC Grows Holdings in Evergy Inc. $EVRG

Schnieders Capital Management LLC lifted its position in shares of Evergy Inc. (NASDAQ:EVRG) by 4.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,545 shares of the company’s stock after acquiring an additional 872 shares during the quarter. Schnieders Capital Management LLC’s holdings in Evergy were worth $1,485,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Crewe Advisors LLC raised its holdings in Evergy by 21.0% in the 2nd quarter. Crewe Advisors LLC now owns 1,089 shares of the company’s stock worth $75,000 after purchasing an additional 189 shares during the period. Balboa Wealth Partners acquired a new position in shares of Evergy during the 2nd quarter worth approximately $369,000. Chicago Partners Investment Group LLC lifted its position in shares of Evergy by 26.7% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 12,719 shares of the company’s stock valued at $885,000 after buying an additional 2,677 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Evergy in the 2nd quarter worth $7,762,000. Finally, Spirit of America Management Corp NY raised its position in Evergy by 23.1% during the second quarter. Spirit of America Management Corp NY now owns 10,650 shares of the company’s stock worth $734,000 after acquiring an additional 2,000 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Analyst Ratings Changes

EVRG has been the topic of several research analyst reports. Mizuho lifted their target price 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. Jefferies Financial Group lifted their price objective on Evergy from $77.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Weiss Ratings reissued a “buy (b-)” rating on shares of Evergy in a report on Wednesday, October 8th. Finally, Barclays reaffirmed an “outperform” rating on shares of Evergy in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $78.07.

Evergy Trading Up 0.6%

Shares of Evergy stock opened at $77.98 on Monday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.50 and a quick ratio of 0.27. The stock’s 50 day simple moving average is $73.61 and its 200-day simple moving average is $69.92. The stock has a market cap of $17.95 billion, a P/E ratio of 21.42, a P/E/G ratio of 3.61 and a beta of 0.57. Evergy Inc. has a 1-year low of $59.23 and a 1-year high of $79.32.

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

Evergy Announces Dividend

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

Insider Transactions at Evergy

In other Evergy news, SVP Lesley Lissette Elwell sold 8,000 shares of Evergy stock in a transaction dated Monday, September 15th. The shares were 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 of the company’s stock, valued at $36,092.67. The trade was a 94.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.42% of the company’s stock.

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.