Evergy Inc. $EVRG Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. decreased its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 8.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 120,935 shares of the company’s stock after selling 11,564 shares during the period. Asset Management One Co. Ltd. owned approximately 0.05% of Evergy worth $9,193,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. FAS Wealth Partners Inc. boosted its stake in shares of Evergy by 2.4% in the second quarter. FAS Wealth Partners Inc. now owns 6,413 shares of the company’s stock valued at $442,000 after buying an additional 150 shares in the last quarter. Rogco LP lifted its holdings in Evergy by 16.4% in the second quarter. Rogco LP now owns 1,120 shares of the company’s stock valued at $77,000 after acquiring an additional 158 shares during the period. Triad Wealth Partners LLC lifted its holdings in Evergy by 3.8% in the second quarter. Triad Wealth Partners LLC now owns 4,389 shares of the company’s stock valued at $303,000 after acquiring an additional 159 shares during the period. GoalVest Advisory LLC boosted its position in shares of Evergy by 3.2% during the 2nd quarter. GoalVest Advisory LLC now owns 5,259 shares of the company’s stock worth $363,000 after purchasing an additional 163 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its stake in shares of Evergy by 24.5% during the 2nd quarter. Hantz Financial Services Inc. now owns 849 shares of the company’s stock worth $59,000 after purchasing an additional 167 shares during the period. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Trading Down 0.8%

Evergy stock opened at $72.51 on Thursday. The stock has a 50-day moving average price of $74.77 and a 200 day moving average price of $73.31. Evergy Inc. has a 52 week low of $59.67 and a 52 week high of $79.32. The stock has a market cap of $16.69 billion, a PE ratio of 19.87, a P/E/G ratio of 2.95 and a beta of 0.67. The company has a current ratio of 0.52, a quick ratio of 0.30 and a debt-to-equity ratio of 1.20.

Evergy (NASDAQ:EVRG) last released its quarterly earnings results on Wednesday, November 5th. The company reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.11). The firm had revenue of $1.81 billion for the quarter, compared to analyst estimates of $2.24 billion. Evergy had a return on equity of 8.66% and a net margin of 14.45%.Evergy’s revenue for the quarter was down .1% on a year-over-year basis. During the same period in the prior year, the business earned $2.02 earnings per share. Equities research analysts predict that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Friday, November 21st were given a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a yield of 3.8%. This is an increase from Evergy’s previous quarterly dividend of $0.67. The ex-dividend date was Friday, November 21st. Evergy’s dividend payout ratio (DPR) is 76.16%.

Wall Street Analysts Forecast Growth

EVRG has been the subject of several recent analyst reports. Mizuho reiterated a “neutral” rating and issued a $76.00 price objective (down previously from $86.00) on shares of Evergy in a research note on Thursday, December 18th. Citigroup increased their target price on shares of Evergy from $79.00 to $89.00 and gave the company a “buy” rating in a report on Monday, November 10th. Jefferies Financial Group boosted their price target on Evergy from $77.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. UBS Group upped their price target on Evergy from $81.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Finally, Barclays reaffirmed an “outperform” rating on shares of Evergy in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Evergy currently has an average rating of “Moderate Buy” and a consensus price target of $82.75.

Evergy Company Profile

Evergy, Inc is a regulated electric utility that generates, transmits and distributes electricity to residential, commercial and industrial customers primarily across Kansas and western Missouri. The company provides core utility services including retail electric delivery, grid operations, customer service and outage restoration, operating under state regulatory frameworks. Evergy serves a mix of urban and rural communities, including portions of the Kansas City metropolitan area and other population centers in its service territory.

The company’s business activities span power generation, system planning, transmission and distribution infrastructure, and customer-facing programs such as energy efficiency and demand-side management.