Evergy Inc. $EVRG Shares Acquired by Amundi

Amundi lifted its position in shares of Evergy Inc. (NASDAQ:EVRG) by 14.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 140,301 shares of the company’s stock after purchasing an additional 17,477 shares during the period. Amundi owned about 0.06% of Evergy worth $9,710,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in EVRG. Northern Trust Corp increased its position in Evergy by 16.7% in the 1st quarter. Northern Trust Corp now owns 2,737,480 shares of the company’s stock valued at $188,749,000 after acquiring an additional 392,361 shares during the period. Sowell Financial Services LLC acquired a new position in Evergy in the 1st quarter valued at about $267,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Evergy in the 4th quarter valued at about $1,728,000. HighTower Advisors LLC increased its position in Evergy by 26.6% in the 1st quarter. HighTower Advisors LLC now owns 124,115 shares of the company’s stock valued at $8,558,000 after acquiring an additional 26,086 shares during the period. Finally, Kestra Private Wealth Services LLC increased its position in Evergy by 9.5% in the 1st quarter. Kestra Private Wealth Services LLC now owns 4,562 shares of the company’s stock valued at $315,000 after acquiring an additional 396 shares during the period. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Price Performance

Shares of NASDAQ:EVRG opened at $71.10 on Wednesday. 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 company has a 50-day moving average price of $70.80 and a 200 day moving average price of $68.48. Evergy Inc. has a 52 week low of $59.00 and a 52 week high of $73.97. The company has a market cap of $16.36 billion, a P/E ratio of 19.53, a PEG ratio of 3.09 and a beta of 0.58.

Evergy (NASDAQ:EVRG) last issued its earnings results on Thursday, August 7th. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.04. Evergy had a net margin of 14.29% and a return on equity of 8.62%. The company 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 business posted $0.90 earnings per share. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. Research analysts predict that Evergy Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, August 22nd will be given a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 3.8%. The ex-dividend date is Friday, August 22nd. Evergy’s dividend payout ratio is presently 73.35%.

Wall Street Analyst Weigh In

EVRG has been the topic of several recent research reports. Wall Street Zen cut Evergy from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. Jefferies Financial Group set a $78.00 price target on Evergy and gave the company a “buy” rating in a research report on Tuesday, June 10th. Mizuho boosted their price target on Evergy from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Barclays reduced their price objective on shares of Evergy from $73.00 to $71.00 and set an “overweight” rating for the company in a research report on Friday, May 30th. Finally, BMO Capital Markets initiated coverage on shares of Evergy in a research report on Tuesday, May 13th. They issued an “outperform” rating and a $75.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $74.44.

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.