Evergy Inc. $EVRG Shares Bought by Alpine Woods Capital Investors LLC

Alpine Woods Capital Investors LLC grew its holdings in Evergy Inc. (NASDAQ:EVRG) by 13.4% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 75,695 shares of the company’s stock after buying an additional 8,966 shares during the period. Evergy accounts for approximately 1.5% of Alpine Woods Capital Investors LLC’s portfolio, making the stock its 20th largest position. Alpine Woods Capital Investors LLC’s holdings in Evergy were worth $6,201,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Cullen Frost Bankers Inc. lifted its stake in Evergy by 4.9% in the fourth quarter. Cullen Frost Bankers Inc. now owns 316,511 shares of the company’s stock valued at $22,944,000 after buying an additional 14,907 shares in the last quarter. Vestcor Inc raised its holdings in shares of Evergy by 49.6% during the fourth quarter. Vestcor Inc now owns 174,330 shares of the company’s stock worth $12,637,000 after acquiring an additional 57,795 shares during the period. Qsemble Capital Management LP lifted its position in Evergy by 295.4% in the 4th quarter. Qsemble Capital Management LP now owns 105,780 shares of the company’s stock valued at $7,668,000 after acquiring an additional 79,029 shares in the last quarter. Fulcrum Asset Management LLP lifted its position in Evergy by 119.1% in the 4th quarter. Fulcrum Asset Management LLP now owns 43,867 shares of the company’s stock valued at $3,180,000 after acquiring an additional 23,842 shares in the last quarter. Finally, RIA Advisory Group LLC bought a new stake in Evergy in the 4th quarter valued at $967,000. Institutional investors and hedge funds own 87.24% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on EVRG. Wells Fargo & Company set a $87.00 target price on Evergy in a report on Tuesday, April 21st. Barclays boosted their price target on Evergy from $89.00 to $94.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. BMO Capital Markets upped their price objective on Evergy from $88.00 to $92.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 22nd. BTIG Research set a $97.00 price objective on Evergy in a report on Thursday, July 23rd. Finally, UBS Group increased their price objective on Evergy from $88.00 to $91.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Eight investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $90.60.

Evergy Trading Down 0.3%

Evergy stock opened at $83.01 on Friday. The company has a market cap of $19.13 billion, a price-to-earnings ratio of 22.02, a P/E/G ratio of 2.16 and a beta of 0.54. The firm has a 50-day moving average of $84.61 and a 200-day moving average of $82.07. 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 Inc. has a one year low of $69.54 and a one year high of $88.62.

Evergy (NASDAQ:EVRG) last released 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. Evergy had a return on equity of 9.09% and a net margin of 14.63%.The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the business earned $0.54 earnings per share. Evergy’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities analysts expect that Evergy Inc. will post 4.25 earnings per share for the current fiscal year.

Evergy Announces Dividend

The business 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. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.78 annualized dividend and a dividend yield of 3.3%. Evergy’s payout ratio is 73.74%.

Insider Activity at Evergy

In other news, Director Sandra Aj Lawrence sold 761 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $83.31, for a total value of $63,398.91. Following the completion of the sale, the director owned 1,680 shares of the company’s stock, valued at approximately $139,960.80. This represents a 31.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Charles A. Caisley sold 10,787 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president directly owned 37,789 shares of the company’s stock, valued at $3,153,869.94. This represents a 22.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 12,748 shares of company stock worth $1,061,870 in the last ninety days. Insiders own 1.52% of the company’s stock.

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.