Orion Porfolio Solutions LLC Has $6.33 Million Stock Position in Evergy Inc. $EVRG

Orion Porfolio Solutions LLC raised its position in Evergy Inc. (NASDAQ:EVRG) by 32.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,233 shares of the company’s stock after purchasing an additional 20,395 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Evergy were worth $6,327,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of EVRG. Synergy Asset Management LLC raised its holdings in Evergy by 100.0% during the third quarter. Synergy Asset Management LLC now owns 148,940 shares of the company’s stock valued at $11,322,000 after buying an additional 74,470 shares in the last quarter. Kingsview Wealth Management LLC acquired a new position in shares of Evergy during the 2nd quarter valued at about $246,000. Caprock Group LLC bought a new position in shares of Evergy in the 3rd quarter valued at approximately $1,482,000. ANTIPODES PARTNERS Ltd acquired a new stake in Evergy in the 3rd quarter worth approximately $72,860,000. Finally, iA Global Asset Management Inc. lifted its holdings in Evergy by 207.0% in the 3rd quarter. iA Global Asset Management Inc. now owns 22,624 shares of the company’s stock worth $1,720,000 after purchasing an additional 15,254 shares during the last quarter. 87.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Evergy

In other news, Director Ann D. Murtlow sold 2,847 shares of the business’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $82.34, for a total transaction of $234,421.98. Following the transaction, the director owned 2,311 shares in the company, valued at approximately $190,287.74. The trade was a 55.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.42% of the stock is owned by corporate insiders.

Evergy Stock Performance

EVRG opened at $83.36 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.49 and a debt-to-equity ratio of 1.27. The stock’s 50 day moving average price is $77.78 and its two-hundred day moving average price is $75.80. The firm has a market capitalization of $19.20 billion, a P/E ratio of 22.71, a price-to-earnings-growth ratio of 3.29 and a beta of 0.65. Evergy Inc. has a 12-month low of $61.94 and a 12-month high of $85.23.

Evergy (NASDAQ:EVRG) last posted its quarterly earnings data on Saturday, January 31st. The company reported $0.42 earnings per share for the quarter. Evergy had a return on equity of 8.79% and a net margin of 14.35%. On average, equities analysts forecast that Evergy Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be given a $0.695 dividend. This represents a $2.78 annualized dividend and a yield of 3.3%. The ex-dividend date is Tuesday, March 10th. Evergy’s dividend payout ratio (DPR) is currently 75.75%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on EVRG shares. BMO Capital Markets increased their price target on Evergy from $82.00 to $87.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of Evergy in a research note on Monday, December 29th. Mizuho set a $82.00 price objective on shares of Evergy in a report on Monday, February 23rd. Citigroup raised their target price on shares of Evergy from $89.00 to $95.00 and gave the company a “buy” rating in a research note on Friday, February 20th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $91.00 target price on shares of Evergy in a report on Friday, January 23rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $86.88.

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.