Advyzon Investment Management LLC Makes New $324,000 Investment in Evergy Inc. $EVRG

Advyzon Investment Management LLC bought a new position in Evergy Inc. (NASDAQ:EVRG) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 4,705 shares of the company’s stock, valued at approximately $324,000.

Other hedge funds have also recently made changes to their positions in the company. LRI Investments LLC purchased a new position in Evergy in the first quarter worth about $32,000. Clearstead Trust LLC purchased a new stake in Evergy during the first quarter valued at approximately $32,000. Cary Street Partners Investment Advisory LLC bought a new stake in shares of Evergy in the 1st quarter valued at approximately $34,000. Investment Management Corp VA ADV boosted its holdings in shares of Evergy by 168.4% in the 1st quarter. Investment Management Corp VA ADV now owns 569 shares of the company’s stock worth $39,000 after purchasing an additional 357 shares during the period. Finally, Bfsg LLC boosted its holdings in shares of Evergy by 82.2% in the 2nd quarter. Bfsg LLC now owns 665 shares of the company’s stock worth $46,000 after purchasing an additional 300 shares during the period. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Evergy news, SVP Lesley Lissette Elwell sold 8,000 shares of Evergy stock in a transaction on Monday, September 15th. The stock was sold at an average price of $72.33, for a total transaction of $578,640.00. Following the completion of the sale, the senior vice president directly owned 499 shares of the company’s stock, valued at $36,092.67. The trade was a 94.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.42% of the stock is owned by insiders.

Evergy Trading Up 0.5%

Shares of EVRG opened at $76.99 on Wednesday. Evergy Inc. has a 1-year low of $59.67 and a 1-year high of $79.32. The company has a 50-day moving average of $75.40 and a 200 day moving average of $71.21. The firm has a market capitalization of $17.72 billion, a price-to-earnings ratio of 21.15, a PEG ratio of 3.56 and a beta of 0.61. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.50 and a quick ratio of 0.27.

Evergy (NASDAQ:EVRG) last issued its earnings results on Thursday, November 6th. The company reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.11). The company had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $2.24 billion. Evergy had a return on equity of 8.62% and a net margin of 14.29%.Evergy’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.02 earnings per share. Evergy has set its FY 2025 guidance at 3.920-4.020 EPS. On average, research analysts expect that Evergy Inc. will post 3.83 EPS for the current year.

Evergy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, November 21st will be paid a $0.695 dividend. This represents a $2.78 annualized dividend and a yield of 3.6%. This is an increase from Evergy’s previous quarterly dividend of $0.67. The ex-dividend date of this dividend is Friday, November 21st. Evergy’s payout ratio is currently 76.16%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on EVRG. Mizuho increased their price target on Evergy from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Barclays reiterated an “outperform” rating on shares of Evergy in a research report on Thursday, October 9th. Jefferies Financial Group increased their target price on shares of Evergy from $77.00 to $87.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. Wells Fargo & Company upgraded shares of Evergy to a “hold” rating in a report on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Evergy in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Evergy presently has an average rating of “Buy” and an average target price of $80.72.

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.