Evergy Inc. $EVRG Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC decreased its stake in shares of Evergy Inc. (NASDAQ:EVRG) by 20.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,751 shares of the company’s stock after selling 30,104 shares during the quarter. Voya Investment Management LLC’s holdings in Evergy were worth $8,875,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of EVRG. FAS Wealth Partners Inc. boosted its stake in shares of Evergy by 2.4% in the 2nd quarter. FAS Wealth Partners Inc. now owns 6,413 shares of the company’s stock valued at $442,000 after buying an additional 150 shares during the period. Rogco LP raised its holdings in Evergy by 16.4% in the second quarter. Rogco LP now owns 1,120 shares of the company’s stock valued at $77,000 after acquiring an additional 158 shares in the last quarter. Triad Wealth Partners LLC grew its holdings in Evergy by 3.8% during the 2nd quarter. Triad Wealth Partners LLC now owns 4,389 shares of the company’s stock worth $303,000 after acquiring an additional 159 shares in the last quarter. GoalVest Advisory LLC grew its holdings in 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. increased its position in shares of Evergy by 24.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 849 shares of the company’s stock valued at $59,000 after purchasing an additional 167 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on EVRG. UBS Group boosted their target price on shares of Evergy from $81.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, December 17th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Evergy in a research report on Monday. Royal Bank Of Canada raised Evergy to a “moderate buy” rating in a research report on Tuesday, October 28th. Wall Street Zen downgraded shares of Evergy from a “hold” rating to a “sell” rating in a report on Monday. Finally, Mizuho reiterated a “neutral” rating and set a $76.00 target price (down previously from $86.00) on shares of Evergy in a research report on Thursday, December 18th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Evergy currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.17.

Evergy Stock Up 0.2%

Shares of NASDAQ EVRG opened at $72.57 on Wednesday. The stock has a market capitalization of $16.71 billion, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 3.14 and a beta of 0.65. Evergy Inc. has a 52 week low of $59.67 and a 52 week high of $79.32. The firm has a 50-day moving average price of $75.92 and a 200 day moving average price of $72.92. The company has a quick ratio of 0.30, a current ratio of 0.52 and a debt-to-equity ratio of 1.20.

Evergy (NASDAQ:EVRG) last issued its earnings results on Wednesday, November 5th. The company reported $2.03 earnings per share 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 company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the previous year, the company posted $2.02 earnings per share. The company’s quarterly revenue was down .1% compared to the same quarter last year. Equities research analysts anticipate that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Friday, November 21st were given a dividend of $0.695 per share. The ex-dividend date was Friday, November 21st. This is a positive change from Evergy’s previous quarterly dividend of $0.67. This represents a $2.78 dividend on an annualized basis and a yield of 3.8%. Evergy’s dividend payout ratio (DPR) is presently 76.16%.

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.