Citigroup Inc. Has $26.16 Million Position in Evergy Inc. $EVRG

Citigroup Inc. lifted its position in Evergy Inc. (NASDAQ:EVRG) by 23.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 344,081 shares of the company’s stock after buying an additional 64,714 shares during the quarter. Citigroup Inc. owned about 0.15% of Evergy worth $26,157,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the business. Brighton Jones LLC bought a new position in Evergy in the 4th quarter worth approximately $257,000. United Services Automobile Association acquired a new stake in Evergy during the first quarter valued at approximately $223,000. Empowered Funds LLC grew its position in 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 acquiring an additional 758 shares during the period. Woodline Partners LP increased its position 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 purchasing an additional 5,618 shares in the last quarter. Finally, Focus Partners Wealth increased its holdings in shares of Evergy by 7.3% during the first quarter. Focus Partners Wealth now owns 13,791 shares of the company’s stock worth $951,000 after buying an additional 939 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

EVRG has been the topic of several research reports. Wells Fargo & Company upped their price objective on Evergy from $79.00 to $83.00 and gave the stock an “equal weight” rating in a report on Friday, February 20th. Citigroup increased their price target on Evergy from $89.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, February 20th. Barclays boosted their price objective on shares of Evergy from $80.00 to $82.00 and gave the company an “overweight” rating in a research report on Thursday, January 22nd. Mizuho set a $82.00 price target on Evergy in a research report on Monday. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $91.00 price target on shares of Evergy in a research note on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $86.88.

Evergy Price Performance

EVRG stock opened at $82.80 on Thursday. The company’s 50-day moving average price is $76.26 and its two-hundred day moving average price is $75.28. The firm has a market cap of $19.07 billion, a P/E ratio of 22.56, a P/E/G ratio of 3.27 and a beta of 0.66. The company has a quick ratio of 0.27, a current ratio of 0.49 and a debt-to-equity ratio of 1.27. Evergy Inc. has a 12 month low of $61.94 and a 12 month high of $83.19.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Saturday, January 31st. The company reported $0.42 earnings per share for the quarter. Evergy had a net margin of 14.35% and a return on equity of 8.79%. On average, analysts anticipate that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, March 10th. Evergy’s dividend payout ratio is 75.75%.

Insider Buying and Selling

In related news, Director Ann D. Murtlow sold 2,847 shares of the company’s stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $82.34, for a total transaction of $234,421.98. Following the completion of the sale, the director owned 2,311 shares in the company, valued at approximately $190,287.74. This represents a 55.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.42% of the company’s stock.

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.