Evergy Inc. $EVRG Shares Bought by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC increased its holdings in Evergy Inc. (NASDAQ:EVRG) by 24.7% during the second quarter, Holdings Channel reports. The firm owned 62,838 shares of the company’s stock after purchasing an additional 12,427 shares during the period. Orion Porfolio Solutions LLC’s holdings in Evergy were worth $4,331,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in EVRG. FAS Wealth Partners Inc. grew its position in Evergy by 2.4% in the second quarter. FAS Wealth Partners Inc. now owns 6,413 shares of the company’s stock worth $442,000 after buying an additional 150 shares during the last quarter. Rogco LP lifted its position in shares of Evergy by 16.4% during the 2nd quarter. Rogco LP now owns 1,120 shares of the company’s stock valued at $77,000 after acquiring an additional 158 shares during the last quarter. Triad Wealth Partners LLC lifted its position in shares of Evergy by 3.8% during the 2nd quarter. Triad Wealth Partners LLC now owns 4,389 shares of the company’s stock valued at $303,000 after acquiring an additional 159 shares during the last quarter. GoalVest Advisory LLC boosted its stake in shares of Evergy by 3.2% during the 2nd quarter. GoalVest Advisory LLC now owns 5,259 shares of the company’s stock worth $363,000 after acquiring an additional 163 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in shares of Evergy by 24.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 849 shares of the company’s stock worth $59,000 after acquiring an additional 167 shares during the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EVRG has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their target price on Evergy from $77.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Barclays reissued an “outperform” rating on shares of Evergy in a research note on Thursday, October 9th. Wells Fargo & Company upgraded Evergy to a “hold” rating in a report on Tuesday, October 28th. Wall Street Zen upgraded shares of Evergy from a “sell” rating to a “hold” rating in a report on Sunday. Finally, UBS Group lifted their target price on shares of Evergy from $81.00 to $83.00 and gave the stock a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $81.28.

Evergy Stock Performance

Shares of EVRG stock opened at $73.59 on Thursday. The company has a market capitalization of $16.94 billion, a price-to-earnings ratio of 20.16, a P/E/G ratio of 3.18 and a beta of 0.65. Evergy Inc. has a 1-year low of $59.67 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’s fifty day simple moving average is $76.30 and its 200-day simple moving average is $72.67.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.11). Evergy had a return on equity of 8.66% and a net margin of 14.45%.The business had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same period in the prior year, the company posted $2.02 earnings per share. The firm’s revenue was down .1% on a year-over-year basis. On average, sell-side analysts predict that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, November 21st will be issued a dividend of $0.695 per share. This is an increase from Evergy’s previous quarterly dividend of $0.67. This represents a $2.78 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, November 21st. Evergy’s dividend payout ratio is 76.16%.

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.