Wedmont Private Capital Acquires 406 Shares of Evergy Inc. $EVRG

Wedmont Private Capital increased its holdings in Evergy Inc. (NASDAQ:EVRG) by 11.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,845 shares of the company’s stock after buying an additional 406 shares during the period. Wedmont Private Capital’s holdings in Evergy were worth $265,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Nuveen LLC bought a new position in Evergy in the 1st quarter worth approximately $212,132,000. Northern Trust Corp grew its position in shares of Evergy by 16.7% during the 1st quarter. Northern Trust Corp now owns 2,737,480 shares of the company’s stock valued at $188,749,000 after purchasing an additional 392,361 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Evergy by 0.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,174,047 shares of the company’s stock valued at $149,901,000 after purchasing an additional 13,555 shares in the last quarter. Jennison Associates LLC grew its position in shares of Evergy by 11.2% during the 1st quarter. Jennison Associates LLC now owns 1,730,849 shares of the company’s stock valued at $119,342,000 after purchasing an additional 174,269 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Evergy by 27.7% during the 1st quarter. AQR Capital Management LLC now owns 1,482,508 shares of the company’s stock valued at $101,715,000 after purchasing an additional 321,406 shares in the last quarter. 87.24% of the stock is owned by institutional investors.

Insider Activity at Evergy

In related news, SVP Lesley Lissette Elwell sold 8,000 shares of the stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $72.33, for a total value of $578,640.00. Following the completion of the transaction, the senior vice president directly owned 499 shares of the company’s stock, valued at $36,092.67. This represents 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. Company insiders own 1.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on EVRG shares. Barclays reduced their price target 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. Mizuho boosted their price target on shares of Evergy from $74.00 to $77.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Finally, Jefferies Financial Group set a $78.00 price target on shares of Evergy and gave the company a “buy” rating in a research report on Tuesday, June 10th. One equities research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus target price of $74.44.

Evergy Stock Performance

Shares of NASDAQ:EVRG opened at $72.29 on Monday. The company has a market cap of $16.64 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 3.16 and a beta of 0.58. The company has a 50-day moving average price of $71.22 and a 200-day moving average price of $68.69. 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 12 month low of $59.00 and a 12 month high of $73.97.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.78 by $0.04. The firm had revenue of $1.43 billion during 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%. The company’s quarterly revenue was down .7% compared to the same quarter last year. During the same period 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 anticipate that Evergy Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, August 22nd were paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Friday, August 22nd. Evergy’s dividend payout ratio is 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.