CWA Asset Management Group LLC Cuts Stock Holdings in Evergy Inc. $EVRG

CWA Asset Management Group LLC trimmed its position in Evergy Inc. (NASDAQ:EVRG) by 83.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 5,926 shares of the company’s stock after selling 29,089 shares during the period. CWA Asset Management Group LLC’s holdings in Evergy were worth $430,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EVRG. Franklin Resources Inc. grew its position in shares of Evergy by 4.3% during the 3rd quarter. Franklin Resources Inc. now owns 6,058,061 shares of the company’s stock valued at $460,534,000 after acquiring an additional 251,027 shares during the period. Federated Hermes Inc. raised its holdings in shares of Evergy by 0.5% in the 3rd quarter. Federated Hermes Inc. now owns 3,702,734 shares of the company’s stock worth $281,482,000 after purchasing an additional 17,592 shares during the period. Northern Trust Corp lifted its stake in Evergy by 10.6% in the third quarter. Northern Trust Corp now owns 2,760,494 shares of the company’s stock valued at $209,853,000 after purchasing an additional 263,619 shares during the last quarter. Magellan Asset Management Ltd lifted its stake in Evergy by 3.4% in the third quarter. Magellan Asset Management Ltd now owns 2,444,381 shares of the company’s stock valued at $185,822,000 after purchasing an additional 79,888 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Evergy by 0.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,186,998 shares of the company’s stock valued at $150,750,000 after purchasing an additional 12,951 shares during the period. Hedge funds and other institutional investors own 87.24% of the company’s stock.

Insider Transactions at Evergy

In other Evergy news, Director Ann D. Murtlow sold 2,847 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $82.34, for a total value of $234,421.98. Following the transaction, the director owned 2,311 shares in the company, valued at approximately $190,287.74. The trade was a 55.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Charles L. King sold 2,440 shares of the business’s stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $82.19, for a total value of $200,543.60. Following the transaction, the senior vice president owned 18,359 shares in the company, valued at approximately $1,508,926.21. This represents a 11.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 8,937 shares of company stock worth $736,492. Company insiders own 1.42% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wall Street Zen raised Evergy from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Mizuho set a $82.00 price objective on shares of Evergy in a report on Monday, February 23rd. Citigroup increased their target price on shares of Evergy from $89.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, February 20th. Wells Fargo & Company lifted their target price on shares of Evergy from $79.00 to $83.00 and gave the stock an “equal weight” rating in a research note on Friday, February 20th. Finally, UBS Group lowered shares of Evergy from a “buy” rating to a “neutral” rating and boosted their price target for the company from $86.00 to $88.00 in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Evergy currently has a consensus rating of “Moderate Buy” and an average target price of $87.75.

Evergy Trading Up 0.7%

Shares of EVRG stock opened at $79.93 on Wednesday. The company has a market capitalization of $18.41 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 2.05 and a beta of 0.65. Evergy Inc. has a 52-week low of $61.94 and a 52-week high of $85.23. The business’s fifty day moving average is $79.82 and its 200 day moving average is $76.67. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.27 and a current ratio of 0.49.

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

Evergy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th were issued a $0.695 dividend. The ex-dividend date was Tuesday, March 10th. This represents a $2.78 annualized dividend and a dividend yield of 3.5%. Evergy’s payout ratio is currently 75.75%.

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.