Evergy Inc. $EVRG Shares Sold by Pensionfund Sabic

Pensionfund Sabic trimmed its holdings in Evergy Inc. (NASDAQ:EVRG) by 22.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,600 shares of the company’s stock after selling 5,400 shares during the period. Pensionfund Sabic’s holdings in Evergy were worth $1,282,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Horizon Investments LLC grew its stake in Evergy by 4.9% in the 1st quarter. Horizon Investments LLC now owns 3,353 shares of the company’s stock valued at $231,000 after acquiring an additional 158 shares during the last quarter. Stolper Co grew its stake in Evergy by 0.5% in the 1st quarter. Stolper Co now owns 34,630 shares of the company’s stock valued at $2,388,000 after acquiring an additional 169 shares during the last quarter. Retirement Planning Group LLC grew its stake in Evergy by 0.9% in the 4th quarter. Retirement Planning Group LLC now owns 24,372 shares of the company’s stock valued at $1,500,000 after acquiring an additional 210 shares during the last quarter. Banco Bilbao Vizcaya Argentaria S.A. grew its stake in Evergy by 4.4% in the 1st quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 4,944 shares of the company’s stock valued at $341,000 after acquiring an additional 210 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in Evergy by 2.5% in the 1st quarter. Parallel Advisors LLC now owns 9,338 shares of the company’s stock valued at $644,000 after acquiring an additional 227 shares during the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Citigroup increased their price objective on shares of Evergy from $77.00 to $79.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Barclays lowered their price objective on shares of Evergy from $73.00 to $71.00 and set an “overweight” rating on the stock in a research note on Friday, May 30th. Wall Street Zen cut shares of Evergy from a “hold” rating to a “sell” rating in a research note on Thursday, May 22nd. Mizuho raised their price target on shares of Evergy from $74.00 to $77.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Finally, Jefferies Financial Group set a $78.00 price target on shares of Evergy and gave the stock a “buy” rating in a research note on Tuesday, June 10th. One research analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $74.44.

Evergy Price Performance

Evergy stock opened at $72.52 on Friday. Evergy Inc. has a 12-month low of $59.00 and a 12-month high of $73.97. The stock has a market capitalization of $16.69 billion, a P/E ratio of 19.92, a P/E/G ratio of 3.16 and a beta of 0.58. The firm’s 50-day moving average is $70.94 and its two-hundred day moving average is $68.55. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.50 and a quick ratio of 0.27.

Evergy (NASDAQ:EVRG) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.04. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Evergy had a net margin of 14.29% and a return on equity of 8.62%. The firm’s revenue for the quarter was down .7% compared to the same quarter last year. During the same period last year, the company earned $0.90 EPS. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. Equities analysts predict that Evergy Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 19th. Stockholders of record on Friday, August 22nd will be issued a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Friday, August 22nd. Evergy’s dividend payout ratio is presently 73.35%.

Evergy Company Profile

Evergy, Inc, together with its subsidiaries, engages in the generation, transmission, distribution, and sale of electricity in the United States. The company generates electricity through coal, landfill gas, uranium, and natural gas and oil sources, as well as solar, wind, other renewable sources. It serves residences, commercial firms, industrials, municipalities, and other electric utilities.