KCM Investment Advisors LLC Sells 784 Shares of Evergy Inc. $EVRG

KCM Investment Advisors LLC decreased its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 19.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,270 shares of the company’s stock after selling 784 shares during the period. KCM Investment Advisors LLC’s holdings in Evergy were worth $225,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. LRI Investments LLC acquired a new position in Evergy in the first quarter valued at approximately $32,000. Clearstead Trust LLC bought a new stake in shares of Evergy in the 1st quarter valued at $32,000. Cary Street Partners Investment Advisory LLC acquired a new position in shares of Evergy during the 1st quarter valued at $34,000. Investment Management Corp VA ADV boosted its stake in Evergy by 168.4% during the first quarter. Investment Management Corp VA ADV now owns 569 shares of the company’s stock worth $39,000 after acquiring an additional 357 shares in the last quarter. Finally, Bfsg LLC grew its holdings in Evergy by 82.2% in the second quarter. Bfsg LLC now owns 665 shares of the company’s stock worth $46,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Stock Performance

Shares of Evergy stock opened at $75.59 on Monday. Evergy Inc. has a 52 week low of $59.67 and a 52 week high of $79.32. The company has a quick ratio of 0.27, a current ratio of 0.50 and a debt-to-equity ratio of 1.24. The business has a 50 day moving average price of $75.18 and a 200-day moving average price of $71.09. The company has a market cap of $17.40 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 3.56 and a beta of 0.61.

Evergy (NASDAQ:EVRG) last announced its earnings results on Thursday, November 6th. The company reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.11). The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Evergy had a net margin of 14.29% and a return on equity of 8.62%. The firm’s quarterly revenue was down .1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.02 EPS. Evergy has set its FY 2025 guidance at 3.920-4.020 EPS. Equities analysts anticipate 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. Stockholders of record on Friday, November 21st will be issued a $0.695 dividend. This is an increase from Evergy’s previous quarterly dividend of $0.67. This represents a $2.78 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, November 21st. Evergy’s dividend payout ratio is currently 76.16%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada upgraded shares of Evergy to a “moderate buy” rating in a report on Tuesday, October 28th. Jefferies Financial Group upped their price target on Evergy from $77.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Wall Street Zen raised Evergy from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Wells Fargo & Company upgraded Evergy to a “hold” rating in a report on Tuesday, October 28th. Finally, Barclays reaffirmed an “outperform” rating on shares of Evergy in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Evergy presently has an average rating of “Buy” and a consensus price target of $79.61.

Insider Buying and Selling at Evergy

In related news, SVP Lesley Lissette Elwell sold 8,000 shares of the firm’s 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. This trade represents a 94.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.42% of the stock is owned by insiders.

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.