Cwm LLC Has $20.86 Million Stake in Evergy Inc. $EVRG

Cwm LLC decreased its position in shares of Evergy Inc. (NASDAQ:EVRG) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 287,819 shares of the company’s stock after selling 6,077 shares during the period. Cwm LLC’s holdings in Evergy were worth $20,864,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC increased its holdings in shares of Evergy by 0.6% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 24,981 shares of the company’s stock worth $1,826,000 after buying an additional 140 shares in the last quarter. Moneta Group Investment Advisors LLC increased its holdings in shares of Evergy by 0.3% during the third quarter. Moneta Group Investment Advisors LLC now owns 46,972 shares of the company’s stock worth $3,571,000 after buying an additional 145 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Evergy by 17.7% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 979 shares of the company’s stock worth $74,000 after buying an additional 147 shares in the last quarter. Modern Wealth Management LLC increased its holdings in shares of Evergy by 1.9% during the third quarter. Modern Wealth Management LLC now owns 7,926 shares of the company’s stock worth $603,000 after buying an additional 148 shares in the last quarter. Finally, Bfsg LLC increased its holdings in shares of Evergy by 22.9% during the third quarter. Bfsg LLC now owns 817 shares of the company’s stock worth $62,000 after buying an additional 152 shares in the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Trading Up 0.5%

Shares of NASDAQ EVRG opened at $82.37 on Friday. Evergy Inc. has a fifty-two week low of $63.29 and a fifty-two week high of $85.27. The firm has a market capitalization of $18.97 billion, a P/E ratio of 22.44, a P/E/G ratio of 2.12 and a beta of 0.61. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.49 and a quick ratio of 0.27. The company’s 50 day simple moving average is $81.86 and its 200 day simple moving average is $77.84.

Evergy (NASDAQ:EVRG) last released its earnings results on Saturday, January 31st. The company reported $0.42 EPS for the quarter. Evergy had a net margin of 14.35% and a return on equity of 8.79%. On average, analysts predict that Evergy Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 10th were paid a dividend of $0.695 per share. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.4%. Evergy’s payout ratio is 75.75%.

Insider Activity at Evergy

In related news, Director Ann D. Murtlow sold 2,847 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $82.34, for a total value of $234,421.98. Following the completion of the sale, the director owned 2,311 shares in the company, valued at approximately $190,287.74. This represents a 55.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Heather A. Humphrey sold 3,650 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $82.61, for a total value of $301,526.50. Following the completion of the transaction, the senior vice president directly owned 44,007 shares in the company, valued at $3,635,418.27. The trade was a 7.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 8,937 shares of company stock worth $736,492. 1.52% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EVRG. UBS Group lowered shares of Evergy from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $86.00 to $88.00 in a report on Friday, February 13th. Wall Street Zen raised shares of Evergy from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. BTIG Research initiated coverage on shares of Evergy in a report on Thursday, April 9th. They set a “buy” rating and a $99.00 price objective for the company. Wells Fargo & Company raised their price target on shares of Evergy from $79.00 to $83.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. Finally, Citigroup boosted their price objective on shares of Evergy from $89.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Evergy presently has a consensus rating of “Moderate Buy” and an average target price of $88.90.

About Evergy

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.