Retirement Planning Group LLC Raises Position in Evergy Inc. $EVRG

Retirement Planning Group LLC grew its position in Evergy Inc. (NASDAQ:EVRG) by 6.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 22,329 shares of the company’s stock after purchasing an additional 1,278 shares during the quarter. Retirement Planning Group LLC’s holdings in Evergy were worth $1,539,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Nuveen LLC purchased a new position in Evergy in the first quarter worth about $212,132,000. Northern Trust Corp raised its holdings in shares of Evergy by 16.7% during the first quarter. Northern Trust Corp now owns 2,737,480 shares of the company’s stock valued at $188,749,000 after purchasing an additional 392,361 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Evergy by 0.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,174,047 shares of the company’s stock valued at $149,901,000 after purchasing an additional 13,555 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Evergy by 11.2% during the first quarter. Jennison Associates LLC now owns 1,730,849 shares of the company’s stock valued at $119,342,000 after purchasing an additional 174,269 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Evergy by 27.7% during the first quarter. AQR Capital Management LLC now owns 1,482,508 shares of the company’s stock valued at $101,715,000 after purchasing an additional 321,406 shares during the last quarter. 87.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EVRG. Jefferies Financial Group boosted their price objective on shares of Evergy from $77.00 to $87.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Barclays reissued an “outperform” rating on shares of Evergy in a report on Thursday, October 9th. Mizuho boosted their price objective on shares of Evergy from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Evergy in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $78.07.

Insider Buying and Selling at Evergy

In other news, SVP Lesley Lissette Elwell sold 8,000 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $72.33, for a total value of $578,640.00. Following the sale, the senior vice president owned 499 shares of the company’s stock, valued at approximately $36,092.67. This represents a 94.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.42% of the company’s stock.

Evergy Stock Performance

EVRG opened at $78.12 on Wednesday. The firm has a market cap of $17.98 billion, a P/E ratio of 21.46, a PEG ratio of 3.64 and a beta of 0.57. Evergy Inc. has a 1-year low of $59.23 and a 1-year high of $79.32. The company has a 50 day simple moving average of $73.84 and a two-hundred day simple moving average of $70.06. 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 issued its earnings results on Thursday, August 7th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. Evergy had a net margin of 14.29% and a return on equity of 8.62%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the business earned $0.90 earnings per share. Evergy’s revenue for the quarter was down .7% on a year-over-year basis. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. Equities analysts forecast that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, August 22nd were given a dividend of $0.6675 per share. The ex-dividend date was Friday, August 22nd. This represents a $2.67 dividend on an annualized basis and a dividend yield of 3.4%. Evergy’s dividend payout ratio is currently 73.35%.

Evergy 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.