NorthRock Partners LLC Purchases 352 Shares of Evergy Inc. $EVRG

NorthRock Partners LLC grew its position in shares of Evergy Inc. (NASDAQ:EVRG) by 7.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,035 shares of the company’s stock after buying an additional 352 shares during the period. NorthRock Partners LLC’s holdings in Evergy were worth $347,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Nuveen LLC bought a new position in shares of Evergy in the first quarter worth $212,132,000. Maple Brown Abbott Ltd bought a new position in shares of Evergy in the first quarter worth $63,444,000. Truist Financial Corp increased its position 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 worth $36,847,000 after purchasing an additional 517,087 shares during the period. Northern Trust Corp increased its position 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 worth $188,749,000 after purchasing an additional 392,361 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Evergy by 27.7% in the first quarter. AQR Capital Management LLC now owns 1,482,508 shares of the company’s stock worth $101,715,000 after purchasing an additional 321,406 shares during the period. Institutional investors own 87.24% of the company’s stock.

Insider Activity at Evergy

In other news, SVP Lesley Lissette Elwell sold 8,000 shares of Evergy stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $72.33, for a total transaction of $578,640.00. Following the sale, the senior vice president directly owned 499 shares of the company’s stock, valued at approximately $36,092.67. This trade represents a 94.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

EVRG has been the topic of a number of recent analyst reports. Barclays restated an “outperform” rating on shares of Evergy in a research report on Thursday, October 9th. Mizuho raised their price target on Evergy from $74.00 to $77.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Weiss Ratings restated a “buy (b-)” rating on shares of Evergy in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group raised their price target on Evergy from $77.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $78.07.

Evergy Stock Performance

NASDAQ:EVRG opened at $77.50 on Friday. The stock’s 50-day simple moving average is $73.50 and its 200 day simple moving average is $69.85. The firm has a market capitalization of $17.84 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 3.64 and a beta of 0.57. The company has a quick ratio of 0.27, a current ratio of 0.50 and a debt-to-equity ratio of 1.24. Evergy Inc. has a twelve month low of $59.23 and a twelve month high of $79.32.

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

Evergy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Friday, August 22nd were paid a dividend of $0.6675 per share. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Friday, August 22nd. Evergy’s dividend payout ratio (DPR) is presently 73.35%.

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.