Chicago Partners Investment Group LLC Buys 2,677 Shares of Evergy Inc. $EVRG

Chicago Partners Investment Group LLC raised its stake in Evergy Inc. (NASDAQ:EVRG) by 26.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,719 shares of the company’s stock after purchasing an additional 2,677 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Evergy were worth $885,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Amundi boosted its stake in shares of Evergy by 14.2% during the 1st quarter. Amundi now owns 140,301 shares of the company’s stock worth $9,710,000 after acquiring an additional 17,477 shares during the period. Northern Trust Corp increased its holdings in shares of 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 during the last quarter. Integrity Alliance LLC. acquired a new position in shares of Evergy during the 1st quarter worth approximately $319,000. Callan Family Office LLC acquired a new position in shares of Evergy during the 2nd quarter worth approximately $413,000. Finally, HighTower Advisors LLC increased its holdings in shares of Evergy by 26.6% during the 1st quarter. HighTower Advisors LLC now owns 124,115 shares of the company’s stock worth $8,558,000 after acquiring an additional 26,086 shares during the last quarter. 87.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on EVRG. Weiss Ratings reissued a “buy (b-)” rating on shares of Evergy in a report on Wednesday, October 8th. Mizuho boosted their target price on Evergy from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Jefferies Financial Group boosted their target price on Evergy from $77.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Finally, Barclays reissued an “outperform” rating on shares of Evergy in a report on Thursday, October 9th. One investment 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, the stock currently has an average rating of “Buy” and a consensus price target of $78.07.

Insider Buying and Selling

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 value 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. This represents a 94.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.42% of the stock is currently owned by corporate insiders.

Evergy Stock Performance

Shares of NASDAQ EVRG opened at $78.12 on Wednesday. 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 fifty day moving average price is $73.84 and its two-hundred day moving average price is $70.06. Evergy Inc. has a one year low of $59.23 and a one year high of $79.32. The firm has a market cap of $17.98 billion, a price-to-earnings ratio of 21.46, a P/E/G ratio of 3.64 and a beta of 0.57.

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

Evergy Dividend Announcement

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