Evergy Inc. $EVRG Stock Position Raised by Natixis Advisors LLC

Natixis Advisors LLC grew its position in shares of Evergy Inc. (NASDAQ:EVRG) by 86.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 319,510 shares of the company’s stock after buying an additional 147,864 shares during the quarter. Natixis Advisors LLC’s holdings in Evergy were worth $24,290,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in EVRG. Cary Street Partners Investment Advisory LLC raised its position in Evergy by 17.7% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 979 shares of the company’s stock valued at $74,000 after acquiring an additional 147 shares in the last quarter. Modern Wealth Management LLC lifted its stake in Evergy by 1.9% in the third quarter. Modern Wealth Management LLC now owns 7,926 shares of the company’s stock valued at $603,000 after acquiring an additional 148 shares during the last quarter. 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 acquiring an additional 150 shares in the last quarter. Bfsg LLC increased its stake in shares of Evergy by 22.9% during the 3rd quarter. Bfsg LLC now owns 817 shares of the company’s stock worth $62,000 after purchasing an additional 152 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC increased its stake in shares of Evergy by 2.9% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 6,076 shares of the company’s stock worth $472,000 after purchasing an additional 170 shares during the last quarter. Institutional investors own 87.24% of the company’s stock.

Insider Activity

In other news, Director Ann D. Murtlow sold 2,847 shares of Evergy stock in a transaction dated Wednesday, February 25th. The stock was 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. The trade was a 55.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Evergy from $79.00 to $83.00 and gave the company an “equal weight” rating in a report on Friday, February 20th. Weiss Ratings reissued a “buy (b-)” rating on shares of Evergy in a research report on Monday, December 29th. Mizuho set a $82.00 target price on Evergy in a report on Monday, February 23rd. Wall Street Zen raised Evergy from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, BMO Capital Markets upped their price target on Evergy from $82.00 to $87.00 and gave the stock an “outperform” rating in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.75.

Evergy Price Performance

Shares of Evergy stock opened at $81.93 on Wednesday. The firm has a fifty day simple moving average of $78.16 and a 200-day simple moving average of $75.99. The company has a current ratio of 0.49, a quick ratio of 0.27 and a debt-to-equity ratio of 1.27. Evergy Inc. has a 1-year low of $61.94 and a 1-year high of $85.23. The stock has a market capitalization of $18.87 billion, a price-to-earnings ratio of 22.32, a PEG ratio of 3.30 and a beta of 0.65.

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

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, March 10th will be given a $0.695 dividend. This represents a $2.78 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, March 10th. Evergy’s dividend payout ratio (DPR) is currently 75.75%.

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.