Evergy Inc. $EVRG Shares Purchased by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC lifted its stake in Evergy Inc. (NASDAQ:EVRG) by 32.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 83,233 shares of the company’s stock after acquiring an additional 20,395 shares during the period. Orion Porfolio Solutions LLC’s holdings in Evergy were worth $6,327,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC acquired a new position in shares of Evergy during the 4th quarter valued at $257,000. United Services Automobile Association acquired a new stake in shares of Evergy in the first quarter valued at $223,000. Empowered Funds LLC lifted its holdings in shares of Evergy by 19.5% in the first quarter. Empowered Funds LLC now owns 4,648 shares of the company’s stock valued at $320,000 after buying an additional 758 shares during the period. Woodline Partners LP boosted its stake in Evergy by 40.7% during the first quarter. Woodline Partners LP now owns 19,429 shares of the company’s stock valued at $1,340,000 after buying an additional 5,618 shares in the last quarter. Finally, Focus Partners Wealth boosted its stake in Evergy by 7.3% during the first quarter. Focus Partners Wealth now owns 13,791 shares of the company’s stock valued at $951,000 after buying an additional 939 shares in the last quarter. 87.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Evergy

In other news, Director Ann D. Murtlow sold 2,847 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $82.34, for a total value of $234,421.98. Following the transaction, the director owned 2,311 shares in the company, valued at $190,287.74. This represents a 55.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.42% of the stock is owned by corporate insiders.

Evergy Stock Performance

Shares of EVRG opened at $83.36 on Friday. The company has a 50-day moving average of $77.78 and a two-hundred day moving average of $75.80. The stock has a market cap of $19.20 billion, a price-to-earnings ratio of 22.71, a PEG ratio of 3.29 and a beta of 0.65. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.49 and a quick ratio of 0.27. Evergy Inc. has a one year low of $61.94 and a one year 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 net margin of 14.35% and a return on equity of 8.79%. On average, equities research analysts expect that Evergy Inc. will post 3.83 earnings per share for the current year.

Evergy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Tuesday, March 10th will be paid a dividend of $0.695 per share. This represents a $2.78 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, March 10th. Evergy’s payout ratio is 75.75%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $91.00 price target on shares of Evergy in a report on Friday, January 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Evergy in a research note on Monday, December 29th. Mizuho set a $82.00 target price on shares of Evergy in a report on Monday, February 23rd. Wells Fargo & Company increased their target price on shares of Evergy from $79.00 to $83.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. Finally, Citigroup raised their target price on shares of Evergy from $89.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, February 20th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $86.88.

Evergy Company 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.