Geneos Wealth Management Inc. Has $271,000 Holdings in Evergy Inc. $EVRG

Geneos Wealth Management Inc. increased its position in shares of Evergy Inc. (NASDAQ:EVRG) by 46.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,925 shares of the company’s stock after buying an additional 1,247 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Evergy were worth $271,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bfsg LLC bought a new position in shares of Evergy during the 1st quarter worth approximately $25,000. Alpine Bank Wealth Management acquired a new position in Evergy during the first quarter worth $32,000. LRI Investments LLC bought a new position in Evergy in the first quarter valued at $32,000. Clearstead Trust LLC bought a new position in Evergy in the first quarter valued at $32,000. Finally, Olde Wealth Management LLC acquired a new stake in Evergy in the 1st quarter valued at $32,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Trading Down 0.4%

Shares of NASDAQ EVRG opened at $72.21 on Tuesday. The stock has a market cap of $16.62 billion, a P/E ratio of 19.84, a price-to-earnings-growth ratio of 3.17 and a beta of 0.58. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.27 and a current ratio of 0.50. Evergy Inc. has a 52-week low of $59.00 and a 52-week high of $73.97. The firm has a 50 day moving average price of $71.00 and a two-hundred day moving average price of $68.57.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.04. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Evergy had a return on equity of 8.62% and a net margin of 14.29%.The business’s quarterly revenue was down .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.90 earnings per share. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. As a group, equities analysts forecast that Evergy Inc. will post 3.83 EPS for the current year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Friday, August 22nd will be given a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, August 22nd. Evergy’s dividend payout ratio (DPR) is presently 73.35%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Jefferies Financial Group set a $78.00 price target on Evergy and gave the stock a “buy” rating in a research report on Tuesday, June 10th. Wall Street Zen cut shares of Evergy from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. Mizuho boosted their target price on shares of Evergy from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Finally, Barclays dropped their price target on shares of Evergy from $73.00 to $71.00 and set an “overweight” rating on the stock in a research report on Friday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating and eight have given a Buy rating to the company. According to data from MarketBeat.com, Evergy has an average rating of “Buy” and an average target price of $74.44.

Evergy 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.