United Capital Financial Advisors LLC acquired a new position in shares of Evergy Inc. (NASDAQ:EVRG – Free Report) in the 2nd quarter, HoldingsChannel reports. The fund acquired 25,942 shares of the company’s stock, valued at approximately $2,242,000.
Several other hedge funds also recently modified their holdings of EVRG. Equitable Holdings Inc. bought a new position in Evergy during the second quarter worth $416,000. Public Employees Retirement System of Ohio acquired a new position in shares of Evergy during the second quarter valued at about $6,163,000. Transamerica Financial Advisors LLC bought a new position in shares of Evergy during the 2nd quarter worth about $125,000. Corient Private Wealth LP acquired a new stake in shares of Evergy in the 2nd quarter valued at about $6,026,000. Finally, Odyssean LLC acquired a new stake in shares of Evergy in the 2nd quarter valued at about $1,098,000. Institutional investors own 87.24% of the company’s stock.
Evergy Trading Down 0.9%
EVRG opened at $80.65 on Friday. Evergy Inc. has a fifty-two week low of $70.42 and a fifty-two week high of $88.62. The firm has a market capitalization of $18.60 billion, a PE ratio of 20.47, a P/E/G ratio of 2.11 and a beta of 0.54. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.36 and a quick ratio of 0.21. The company’s 50-day moving average is $84.61 and its 200 day moving average is $82.97.
Evergy Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Tuesday, August 18th will be issued a $0.695 dividend. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Tuesday, August 18th. Evergy’s dividend payout ratio (DPR) is currently 70.56%.
Insider Activity at Evergy
In related news, Director Sandra Aj Lawrence sold 600 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $81.41, for a total transaction of $48,846.00. Following the completion of the sale, the director owned 680 shares in the company, valued at approximately $55,358.80. This represents a 46.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Charles A. Caisley sold 10,787 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $83.46, for a total value of $900,283.02. Following the completion of the sale, the executive vice president directly owned 37,789 shares of the company’s stock, valued at $3,153,869.94. The trade was a 22.21% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 11,587 shares of company stock worth $965,655. 1.52% of the stock is owned by insiders.
Analyst Ratings Changes
A number of research analysts recently weighed in on EVRG shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Evergy in a research note on Friday, August 7th. BMO Capital Markets boosted their price objective on Evergy from $88.00 to $92.00 and gave the company an “outperform” rating in a report on Wednesday, July 22nd. Citigroup upped their target price on Evergy from $95.00 to $97.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. BTIG Research set a $97.00 target price on Evergy in a report on Thursday, July 23rd. Finally, UBS Group lifted their price target on shares of Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Eight analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Evergy has an average rating of “Moderate Buy” and an average price target of $90.60.
View Our Latest Report on EVRG
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.
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