Odyssean LLC Takes $1.10 Million Position in Evergy Inc. $EVRG

Odyssean LLC acquired a new position in Evergy Inc. (NASDAQ:EVRG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 12,702 shares of the company’s stock, valued at approximately $1,098,000.

Several other large investors have also made changes to their positions in EVRG. Brighton Jones LLC bought a new position in Evergy in the 4th quarter worth approximately $257,000. United Services Automobile Association bought a new stake in shares of Evergy in the first quarter valued at approximately $223,000. Empowered Funds LLC boosted its position in shares of Evergy by 19.5% in the first quarter. Empowered Funds LLC now owns 4,648 shares of the company’s stock valued at $320,000 after acquiring an additional 758 shares during the period. Woodline Partners LP grew its stake in shares of Evergy by 40.7% in the first quarter. Woodline Partners LP now owns 19,429 shares of the company’s stock worth $1,340,000 after acquiring an additional 5,618 shares during the last quarter. Finally, Focus Partners Wealth grew its stake in shares of Evergy by 7.3% in the first quarter. Focus Partners Wealth now owns 13,791 shares of the company’s stock worth $951,000 after acquiring an additional 939 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Stock Down 0.5%

EVRG opened at $81.54 on Friday. Evergy Inc. has a fifty-two week low of $70.42 and a fifty-two week high of $88.62. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.36 and a quick ratio of 0.21. The firm’s fifty day moving average price is $84.19 and its two-hundred day moving average price is $83.03. The company has a market capitalization of $18.80 billion, a P/E ratio of 20.70, a P/E/G ratio of 2.13 and a beta of 0.53.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.07. Evergy had a net margin of 15.19% and a return on equity of 9.20%. The company had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the prior year, the company posted $0.82 EPS. On average, analysts anticipate that Evergy Inc. will post 4.25 EPS for the current year.

Evergy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Tuesday, August 18th will be given a $0.695 dividend. This represents a $2.78 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, August 18th. Evergy’s dividend payout ratio is 70.56%.

Analysts Set New Price Targets

Several equities analysts recently commented on EVRG shares. BTIG Research set a $97.00 target price on shares of Evergy in a research note on Thursday, July 23rd. BMO Capital Markets raised their price target on shares of Evergy from $88.00 to $92.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. Barclays boosted their price objective on shares of Evergy from $89.00 to $94.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Evergy in a research report on Friday, August 7th. Finally, UBS Group increased their target price on shares of Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Eight equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.60.

Insider Buying and Selling

In other Evergy news, EVP Charles Caisley sold 10,787 shares of Evergy stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $83.46, for a total transaction of $900,283.02. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.52% of the stock is currently owned by corporate insiders.

About Evergy

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.