SteelPeak Wealth LLC Has $216,000 Stock Position in Evergy Inc. $EVRG

SteelPeak Wealth LLC decreased its position in shares of Evergy Inc. (NASDAQ:EVRG) by 80.4% in the second quarter, Holdings Channel.com reports. The firm owned 3,128 shares of the company’s stock after selling 12,858 shares during the period. SteelPeak Wealth LLC’s holdings in Evergy were worth $216,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Amundi lifted its position in shares of Evergy by 14.2% in the first quarter. Amundi now owns 140,301 shares of the company’s stock worth $9,710,000 after buying an additional 17,477 shares during the last quarter. Northern Trust Corp lifted its position in shares of Evergy by 16.7% in the first quarter. Northern Trust Corp now owns 2,737,480 shares of the company’s stock worth $188,749,000 after buying an additional 392,361 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Evergy in the first quarter worth about $267,000. Integrity Alliance LLC. acquired a new stake in shares of Evergy in the first quarter worth about $319,000. Finally, HighTower Advisors LLC lifted its position in shares of Evergy by 26.6% in the first quarter. HighTower Advisors LLC now owns 124,115 shares of the company’s stock worth $8,558,000 after buying an additional 26,086 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Insider Buying and Selling

In related news, SVP Lesley Lissette Elwell sold 8,000 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $72.33, for a total transaction of $578,640.00. Following the sale, the senior vice president directly owned 499 shares in the company, valued at $36,092.67. This represents a 94.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.42% of the stock is currently owned by company insiders.

Evergy Stock Down 1.5%

NASDAQ EVRG opened at $76.69 on Friday. The firm has a market cap of $17.65 billion, a PE ratio of 21.07, a price-to-earnings-growth ratio of 3.40 and a beta of 0.57. Evergy Inc. has a one year low of $59.00 and a one year high of $78.56. The stock’s 50 day simple moving average is $72.99 and its 200 day simple moving average is $69.49. 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 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.04. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.45 billion. Evergy had a return on equity of 8.62% and a net margin of 14.29%.Evergy’s revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the company earned $0.90 EPS. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. As a group, sell-side analysts forecast that Evergy Inc. will post 3.83 earnings per share for the current fiscal year.

Evergy Dividend Announcement

The firm also recently declared 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 yield of 3.5%. Evergy’s dividend payout ratio is 73.35%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Barclays reaffirmed an “outperform” rating on shares of Evergy in a research report on Thursday. Weiss Ratings reiterated a “buy (b-)” rating on shares of Evergy in a research note on Wednesday. Mizuho lifted their price objective on 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 lifted their price objective on Evergy from $77.00 to $87.00 and gave the stock a “buy” rating in a research note on Thursday. One analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the company. According to MarketBeat.com, Evergy has a consensus rating of “Buy” and an average price target of $76.94.

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.