Evergy Inc. $EVRG Stock Position Lifted by Ameritas Advisory Services LLC

Ameritas Advisory Services LLC increased its position in Evergy Inc. (NASDAQ:EVRG) by 16.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,534 shares of the company’s stock after buying an additional 652 shares during the quarter. Ameritas Advisory Services LLC’s holdings in Evergy were worth $313,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of EVRG. Nuveen LLC acquired a new stake in shares of Evergy in the first quarter valued at $212,132,000. Maple Brown Abbott Ltd acquired a new stake in shares of Evergy in the first quarter valued at $63,444,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Evergy in the first quarter valued at $40,285,000. Truist Financial Corp lifted its holdings in shares of Evergy by 2,959.7% in the second quarter. Truist Financial Corp now owns 534,558 shares of the company’s stock valued at $36,847,000 after buying an additional 517,087 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Evergy by 16.7% in the first quarter. Northern Trust Corp now owns 2,737,480 shares of the company’s stock valued at $188,749,000 after buying an additional 392,361 shares during the period. Institutional investors and hedge funds own 87.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Mizuho upped their target price on Evergy from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Evergy in a report on Saturday, September 27th. Finally, Jefferies Financial Group set a $78.00 target price on Evergy and gave the company a “buy” rating in a report on Tuesday, June 10th. One research analyst has rated the stock with a Strong Buy rating and nine have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $74.44.

Evergy Stock Up 0.3%

Shares of Evergy stock opened at $77.69 on Wednesday. The stock has a 50-day moving average price of $72.72 and a 200 day moving average price of $69.37. The company has a market cap of $17.88 billion, a P/E ratio of 21.34, a P/E/G ratio of 3.39 and a beta of 0.57. The company has a current ratio of 0.50, a quick ratio of 0.27 and a debt-to-equity ratio of 1.24. Evergy Inc. has a 1 year low of $59.00 and a 1 year high of $78.18.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.04. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.45 billion. Evergy had a return on equity of 8.62% and a net margin of 14.29%.The business’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the business earned $0.90 EPS. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. As a group, analysts expect that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 22nd were paid a $0.6675 dividend. This represents a $2.67 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Friday, August 22nd. Evergy’s dividend payout ratio is currently 73.35%.

Insider Transactions at Evergy

In related news, SVP Lesley Lissette Elwell sold 8,000 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $72.33, for a total value 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 approximately $36,092.67. This represents a 94.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.42% of the company’s stock.

About Evergy

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.