Inspire Advisors LLC Has $4.49 Million Stock Position in Evergy Inc. $EVRG

Inspire Advisors LLC boosted its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 35.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,018 shares of the company’s stock after buying an additional 15,436 shares during the quarter. Evergy makes up approximately 0.4% of Inspire Advisors LLC’s investment portfolio, making the stock its 27th largest position. Inspire Advisors LLC’s holdings in Evergy were worth $4,487,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of EVRG. Brighton Jones LLC acquired a new position in shares of Evergy during the 4th quarter worth approximately $257,000. United Services Automobile Association acquired a new position in shares of Evergy in the first quarter valued at $223,000. Empowered Funds LLC raised its position in shares of Evergy by 19.5% in the first quarter. Empowered Funds LLC now owns 4,648 shares of the company’s stock valued at $320,000 after purchasing an additional 758 shares during the period. Woodline Partners LP lifted its stake in shares of Evergy by 40.7% during the 1st quarter. Woodline Partners LP now owns 19,429 shares of the company’s stock worth $1,340,000 after buying an additional 5,618 shares during the last quarter. Finally, Focus Partners Wealth lifted its stake in shares of Evergy by 7.3% during the 1st quarter. Focus Partners Wealth now owns 13,791 shares of the company’s stock worth $951,000 after buying an additional 939 shares during the last quarter. Institutional investors own 87.24% of the company’s stock.

Evergy Trading Up 0.9%

Shares of EVRG stock opened at $76.44 on Monday. The stock has a market cap of $17.60 billion, a P/E ratio of 20.94, a price-to-earnings-growth ratio of 3.09 and a beta of 0.67. Evergy Inc. has a 1 year low of $61.94 and a 1 year high of $79.32. The company has a current ratio of 0.52, a quick ratio of 0.30 and a debt-to-equity ratio of 1.20. The stock has a 50 day simple moving average of $74.45 and a 200 day simple moving average of $73.62.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $2.03 earnings per share for the quarter, missing the consensus estimate of $2.14 by ($0.11). The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.24 billion. Evergy had a net margin of 14.45% and a return on equity of 8.66%. Evergy’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.02 earnings per share. On average, 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 disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, November 21st were paid a dividend of $0.695 per share. The ex-dividend date was Friday, November 21st. This is a positive change from Evergy’s previous quarterly dividend of $0.67. This represents a $2.78 dividend on an annualized basis and a yield of 3.6%. Evergy’s dividend payout ratio is currently 76.16%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on EVRG shares. Jefferies Financial Group increased their price target on shares of Evergy from $77.00 to $87.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Wells Fargo & Company raised Evergy to a “hold” rating in a research report on Tuesday, October 28th. Citigroup lifted their price target on Evergy from $79.00 to $89.00 and gave the stock a “buy” rating in a report on Monday, November 10th. Mizuho reaffirmed a “neutral” rating and issued a $76.00 price objective (down from $86.00) on shares of Evergy in a report on Thursday, December 18th. Finally, Barclays reiterated an “outperform” rating on shares of Evergy in a research report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $82.75.

Evergy 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.