Evergy Inc. $EVRG Position Boosted by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB grew its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 6.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,905 shares of the company’s stock after purchasing an additional 221 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Evergy were worth $269,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Horizon Investments LLC boosted its holdings in shares of Evergy by 4.9% in the first quarter. Horizon Investments LLC now owns 3,353 shares of the company’s stock worth $231,000 after buying an additional 158 shares during the period. Stolper Co boosted its holdings in shares of Evergy by 0.5% in the first quarter. Stolper Co now owns 34,630 shares of the company’s stock worth $2,388,000 after buying an additional 169 shares during the period. Retirement Planning Group LLC boosted its holdings in shares of Evergy by 0.9% in the fourth quarter. Retirement Planning Group LLC now owns 24,372 shares of the company’s stock worth $1,500,000 after buying an additional 210 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in shares of Evergy by 4.4% in the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,944 shares of the company’s stock worth $341,000 after buying an additional 210 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in shares of Evergy by 2.5% in the first quarter. Parallel Advisors LLC now owns 9,338 shares of the company’s stock worth $644,000 after buying an additional 227 shares during the period. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Evergy news, SVP Lesley Lissette Elwell sold 8,000 shares of Evergy stock in a transaction on Monday, September 15th. The shares were sold at an average price of $72.33, for a total transaction of $578,640.00. Following the sale, the senior vice president owned 499 shares in the company, valued at $36,092.67. The trade was a 94.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.42% of the stock is owned by corporate insiders.

Evergy Trading Down 0.7%

Shares of Evergy stock opened at $71.28 on Friday. The company’s fifty day simple moving average is $71.15 and its 200-day simple moving average is $68.62. The company has a market cap of $16.41 billion, a price-to-earnings ratio of 19.58, a PEG ratio of 3.14 and a beta of 0.58. The company has a current ratio of 0.50, a quick ratio of 0.27 and a debt-to-equity ratio of 1.24. Evergy Inc. has a 1 year low of $59.00 and a 1 year high of $73.97.

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

Evergy Dividend Announcement

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

Analysts Set New Price Targets

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

Evergy Company 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.