Savant Capital LLC Sells 1,035 Shares of Evergy Inc. $EVRG

Savant Capital LLC decreased its position in Evergy Inc. (NASDAQ:EVRG) by 1.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 60,645 shares of the company’s stock after selling 1,035 shares during the period. Savant Capital LLC’s holdings in Evergy were worth $4,180,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Nuveen LLC acquired a new position in Evergy in the first quarter valued at about $212,132,000. Northern Trust Corp raised its position 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 worth $188,749,000 after purchasing an additional 392,361 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Evergy by 0.6% during the 1st 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 in the last quarter. Jennison Associates LLC grew its position in shares of Evergy by 11.2% in the 1st 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 period. Finally, AQR Capital Management LLC grew its position in shares of Evergy by 27.7% in the 1st 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 period. Institutional investors own 87.24% of the company’s stock.

Insider Buying and Selling

In related news, SVP Lesley Lissette Elwell sold 8,000 shares of Evergy stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $72.33, for a total transaction of $578,640.00. Following the completion of the transaction, the senior vice president owned 499 shares in the company, valued at approximately $36,092.67. This trade represents a 94.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on EVRG shares. Weiss Ratings restated a “buy (b-)” rating on shares of Evergy in a report on Wednesday, October 8th. Jefferies Financial Group raised their price objective on shares of Evergy from $77.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Royal Bank Of Canada raised shares of Evergy to a “moderate buy” rating in a research report on Tuesday, October 28th. Barclays reiterated an “outperform” rating on shares of Evergy in a report on Thursday, October 9th. Finally, Mizuho boosted their price target on Evergy from $74.00 to $77.00 and gave the company an “outperform” rating in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $79.61.

Evergy Price Performance

NASDAQ:EVRG opened at $75.59 on Monday. The stock has a market capitalization of $17.40 billion, a PE ratio of 20.77, a P/E/G ratio of 3.56 and a beta of 0.61. Evergy Inc. has a 1-year low of $59.67 and a 1-year high of $79.32. The firm has a fifty day simple moving average of $75.18 and a 200 day simple moving average of $71.09. The company has a current ratio of 0.50, a quick ratio of 0.27 and a debt-to-equity ratio of 1.24.

Evergy (NASDAQ:EVRG) last announced its quarterly earnings results on Thursday, November 6th. The company reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.14 by ($0.11). Evergy had a net margin of 14.29% and a return on equity of 8.62%. The firm had revenue of $1.81 billion during the quarter, compared to analyst estimates of $2.24 billion. During the same quarter in the prior year, the business earned $2.02 EPS. The business’s revenue was down .1% compared to the same quarter last year. Evergy has set its FY 2025 guidance at 3.920-4.020 EPS. On average, research analysts expect that Evergy Inc. will post 3.83 EPS for the current fiscal year.

Evergy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Investors of record on Friday, November 21st will be paid a $0.695 dividend. This is an increase from Evergy’s previous quarterly dividend of $0.67. The ex-dividend date is Friday, November 21st. This represents a $2.78 annualized dividend and a yield of 3.7%. Evergy’s dividend payout ratio (DPR) is 76.16%.

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.