Strs Ohio Buys New Position in Evergy Inc. $EVRG

Strs Ohio bought a new stake in shares of Evergy Inc. (NASDAQ:EVRG) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 39,060 shares of the company’s stock, valued at approximately $2,693,000.

Other large investors also recently added to or reduced their stakes in the company. Bfsg LLC bought a new stake in Evergy during the first quarter valued at approximately $25,000. Alpine Bank Wealth Management bought a new stake in Evergy during the first quarter valued at approximately $32,000. Olde Wealth Management LLC bought a new stake in Evergy during the first quarter valued at approximately $32,000. LRI Investments LLC bought a new stake in Evergy during the first quarter valued at approximately $32,000. Finally, Clearstead Trust LLC purchased a new position in Evergy during the first quarter valued at approximately $32,000. 87.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Evergy Price Performance

EVRG stock opened at $72.21 on Tuesday. Evergy Inc. has a one year low of $59.00 and a one year high of $73.97. The company’s fifty day moving average price is $71.00 and its 200-day moving average price is $68.57. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.27 and a current ratio of 0.50. The company has a market capitalization of $16.62 billion, a PE ratio of 19.84, a price-to-earnings-growth ratio of 3.17 and a beta of 0.58.

Evergy (NASDAQ:EVRG) last released its earnings results on Thursday, August 7th. The company reported $0.82 EPS 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 firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the previous year, the firm earned $0.90 earnings per share. The company’s quarterly revenue was down .7% compared to the same quarter last year. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. On average, equities analysts anticipate that Evergy Inc. will post 3.83 EPS for the current fiscal 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 paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $2.67 dividend on an annualized basis and a yield of 3.7%. Evergy’s dividend payout ratio is presently 73.35%.

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.