Prevail Innovative Wealth Advisors LLC Boosts Stake in Evergy Inc. $EVRG

Prevail Innovative Wealth Advisors LLC grew its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 101.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,693 shares of the company’s stock after acquiring an additional 10,947 shares during the period. Prevail Innovative Wealth Advisors LLC’s holdings in Evergy were worth $1,649,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of EVRG. Accredited Wealth Management LLC lifted its stake in shares of Evergy by 1,310.3% in the third quarter. Accredited Wealth Management LLC now owns 409 shares of the company’s stock worth $31,000 after acquiring an additional 380 shares in the last quarter. AlphaCore Capital LLC purchased a new stake in Evergy during the 2nd quarter worth approximately $33,000. Sentry Investment Management LLC purchased a new stake in Evergy during the 3rd quarter worth approximately $41,000. CYBER HORNET ETFs LLC acquired a new position in shares of Evergy in the 2nd quarter valued at approximately $42,000. Finally, Root Financial Partners LLC acquired a new position in shares of Evergy in the 3rd quarter valued at approximately $44,000. 87.24% of the stock is owned by hedge funds and other institutional investors.

Evergy Price Performance

Shares of EVRG opened at $83.36 on Monday. Evergy Inc. has a 52 week low of $61.94 and a 52 week high of $85.23. The company has a current ratio of 0.49, a quick ratio of 0.27 and a debt-to-equity ratio of 1.27. The firm has a market cap of $19.20 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 3.31 and a beta of 0.65. The stock has a 50 day moving average of $77.78 and a 200-day moving average of $75.85.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings results on Saturday, January 31st. The company reported $0.42 earnings per share (EPS) for the quarter. Evergy had a return on equity of 8.79% and a net margin of 14.35%. As a group, analysts forecast that Evergy Inc. will post 3.83 EPS for the current year.

Evergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be issued a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, March 10th. Evergy’s dividend payout ratio is 75.75%.

Insider Buying and Selling at Evergy

In other news, Director Ann D. Murtlow sold 2,847 shares of the firm’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 directly owned 2,311 shares in the company, valued at approximately $190,287.74. This trade represents a 55.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.42% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on EVRG. Wall Street Zen raised shares of Evergy from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Evergy in a report on Monday, December 29th. Royal Bank Of Canada reiterated an “outperform” rating and set a $91.00 price objective on shares of Evergy in a research note on Friday, January 23rd. Mizuho set a $82.00 price objective on shares of Evergy in a report on Monday, February 23rd. Finally, Barclays boosted their target price on shares of Evergy from $80.00 to $82.00 and gave the stock an “overweight” rating in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Evergy presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.88.

Evergy Company 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.