Evergy Inc. $EVRG Shares Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Evergy Inc. (NASDAQ:EVRG) by 8.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 470,889 shares of the company’s stock after acquiring an additional 38,521 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Evergy were worth $38,575,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in EVRG. Adage Capital Partners GP L.L.C. increased its stake in Evergy by 476.6% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,207,882 shares of the company’s stock worth $87,559,000 after acquiring an additional 998,400 shares during the last quarter. Freestone Grove Partners LP lifted its stake in shares of Evergy by 321.1% in the 4th quarter. Freestone Grove Partners LP now owns 854,739 shares of the company’s stock valued at $61,960,000 after purchasing an additional 651,738 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Evergy by 122.4% in the 4th quarter. Renaissance Technologies LLC now owns 811,202 shares of the company’s stock valued at $58,804,000 after purchasing an additional 446,400 shares during the last quarter. BROOKFIELD Corp ON purchased a new position in shares of Evergy during the 2nd quarter worth $29,644,000. Finally, Zimmer Partners LP grew its holdings in shares of Evergy by 147.8% during the 4th quarter. Zimmer Partners LP now owns 137,500 shares of the company’s stock worth $9,967,000 after purchasing an additional 425,000 shares during the period. 87.24% of the stock is currently owned by hedge funds and other institutional investors.

Evergy Trading Up 0.5%

EVRG traded up $0.43 during mid-day trading on Friday, hitting $85.71. 1,681,980 shares of the stock were exchanged, compared to its average volume of 2,026,893. The firm’s fifty day moving average is $83.72 and its two-hundred day moving average is $80.74. Evergy Inc. has a 1-year low of $67.30 and a 1-year high of $88.62. The company has a current ratio of 0.45, a quick ratio of 0.24 and a debt-to-equity ratio of 1.29. The company has a market cap of $19.76 billion, a PE ratio of 22.73, a PEG ratio of 2.22 and a beta of 0.54.

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

Evergy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Friday, May 22nd were issued a $0.695 dividend. The ex-dividend date was Friday, May 22nd. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.2%. Evergy’s payout ratio is 73.74%.

Insider Activity at Evergy

In other Evergy news, EVP Charles A. Caisley sold 10,787 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were 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 in the company, valued at $3,153,869.94. This represents a 22.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Sandra Aj Lawrence sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $81.41, for a total transaction of $48,846.00. Following the completion of the transaction, the director directly owned 680 shares of the company’s stock, valued at $55,358.80. This represents a 46.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 12,748 shares of company stock worth $1,061,870. 1.52% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on EVRG shares. UBS Group boosted their price objective on shares of Evergy from $88.00 to $91.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Weiss Ratings upgraded shares of Evergy from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 11th. BTIG Research started coverage on shares of Evergy in a research note on Thursday, April 9th. They issued a “buy” rating and a $99.00 price target on the stock. Bank of America reduced their price target on shares of Evergy from $89.00 to $88.00 and set a “buy” rating on the stock in a research note on Tuesday, April 14th. Finally, Wells Fargo & Company set a $87.00 price objective on shares of Evergy in a report on Tuesday, April 21st. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Evergy currently has a consensus rating of “Moderate Buy” and an average 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.