Y Intercept Hong Kong Ltd Has $1.88 Million Stake in Evergy Inc. $EVRG

Y Intercept Hong Kong Ltd trimmed its position in Evergy Inc. (NASDAQ:EVRG) by 75.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,981 shares of the company’s stock after selling 70,555 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Evergy were worth $1,883,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. MidFirst Bank bought a new position in shares of Evergy during the fourth quarter worth about $25,000. Harbor Capital Advisors Inc. acquired a new stake in Evergy in the 4th quarter valued at approximately $27,000. Prosperity Bancshares Inc bought a new stake in Evergy in the 4th quarter valued at approximately $32,000. Triumph Capital Management lifted its stake in Evergy by 104.8% in the 4th quarter. Triumph Capital Management now owns 508 shares of the company’s stock valued at $37,000 after acquiring an additional 260 shares in the last quarter. Finally, Transamerica Financial Advisors LLC lifted its stake in Evergy by 163.2% in the 4th quarter. Transamerica Financial Advisors LLC now owns 529 shares of the company’s stock valued at $38,000 after acquiring an additional 328 shares in the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Evergy Stock Performance

Shares of EVRG opened at $85.28 on Friday. The firm has a 50-day moving average of $83.63 and a 200-day moving average of $80.70. Evergy Inc. has a one year low of $67.30 and a one year high of $88.62. The company has a market cap of $19.66 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 2.23 and a beta of 0.54. The company has a debt-to-equity ratio of 1.29, a current ratio of 0.45 and a quick ratio of 0.24.

Evergy (NASDAQ:EVRG) last issued its earnings results on Wednesday, May 6th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.06. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Evergy had a net margin of 14.63% and a return on equity of 9.09%. Evergy’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 EPS. As a group, equities analysts forecast that Evergy Inc. will post 4.25 earnings per share for the current year.

Evergy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Friday, May 22nd were given a dividend of $0.695 per share. This represents a $2.78 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, May 22nd. Evergy’s payout ratio is 73.74%.

Insider Activity at Evergy

In other news, Director Sandra Aj Lawrence sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $81.41, for a total value of $48,846.00. Following the completion of the sale, the director directly owned 680 shares of the company’s stock, valued at $55,358.80. This trade represents a 46.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Charles A. Caisley sold 10,787 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $83.46, for a total value of $900,283.02. Following the completion of the sale, the executive vice president directly owned 37,789 shares of the company’s stock, valued at approximately $3,153,869.94. The trade was a 22.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 12,748 shares of company stock worth $1,061,870 in the last 90 days. Corporate insiders own 1.52% of the company’s stock.

Wall Street Analysts Forecast Growth

EVRG has been the subject of several research reports. UBS Group raised their price target on shares of Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. BTIG Research started coverage on shares of Evergy in a research report on Thursday, April 9th. They issued a “buy” rating and a $99.00 price objective on the stock. Wells Fargo & Company set a $87.00 target price on shares of Evergy in a report on Tuesday, April 21st. Barclays raised their target price on shares of Evergy from $89.00 to $94.00 and gave the company an “overweight” rating in a research report on Tuesday, June 30th. Finally, Weiss Ratings upgraded shares of Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, May 11th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.10.

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.