Evergy Inc. $EVRG Position Reduced by denkapparat Operations GmbH

denkapparat Operations GmbH trimmed its position in shares of Evergy Inc. (NASDAQ:EVRG) by 31.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,618 shares of the company’s stock after selling 2,126 shares during the period. denkapparat Operations GmbH’s holdings in Evergy were worth $318,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in EVRG. LRI Investments LLC acquired a new stake in Evergy during the first quarter valued at $32,000. Clearstead Trust LLC acquired a new stake in shares of Evergy in the first quarter worth $32,000. Cary Street Partners Investment Advisory LLC bought a new position in Evergy in the 1st quarter worth $34,000. Investment Management Corp VA ADV lifted its position in Evergy by 168.4% during the 1st quarter. Investment Management Corp VA ADV now owns 569 shares of the company’s stock worth $39,000 after acquiring an additional 357 shares during the last quarter. Finally, Bfsg LLC lifted its position in shares of Evergy by 82.2% during the 2nd quarter. Bfsg LLC now owns 665 shares of the company’s stock worth $46,000 after purchasing an additional 300 shares during the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on EVRG. Jefferies Financial Group raised their price objective on shares of Evergy from $77.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Wells Fargo & Company upgraded shares of Evergy to a “hold” rating in a report on Tuesday, October 28th. Royal Bank Of Canada raised shares of Evergy to a “moderate buy” rating in a research report on Tuesday, October 28th. Mizuho lifted their target price on Evergy from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Finally, Wall Street Zen upgraded Evergy from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $80.72.

Evergy Price Performance

Shares of EVRG stock opened at $77.34 on Thursday. The stock’s fifty day simple moving average is $75.52 and its 200 day simple moving average is $71.25. Evergy Inc. has a one year low of $59.67 and a one year high of $79.32. The firm has a market cap of $17.80 billion, a price-to-earnings ratio of 21.25, a P/E/G ratio of 3.56 and a beta of 0.61. 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 (NASDAQ:EVRG) last released its quarterly earnings data 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 analyst estimates of $2.24 billion. Evergy had a return on equity of 8.62% and a net margin of 14.29%.The business’s revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.02 earnings per share. Evergy has set its FY 2025 guidance at 3.920-4.020 EPS. On average, analysts expect 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 will be paid on Friday, December 19th. Shareholders of record on Friday, November 21st will be given a $0.695 dividend. This represents a $2.78 dividend on an annualized basis and a yield of 3.6%. This is a boost from Evergy’s previous quarterly dividend of $0.67. The ex-dividend date is Friday, November 21st. Evergy’s dividend payout ratio (DPR) is presently 76.16%.

Insiders Place Their Bets

In other Evergy news, SVP Lesley Lissette Elwell sold 8,000 shares of the company’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 sale, the senior vice president directly owned 499 shares of the company’s stock, 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 Securities & Exchange Commission, which can be accessed through this link. Corporate 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.