Evergy Inc. $EVRG Shares Sold by Heartland Bank & Trust Co

Heartland Bank & Trust Co decreased its holdings in shares of Evergy Inc. (NASDAQ:EVRG) by 2.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,562 shares of the company’s stock after selling 252 shares during the quarter. Heartland Bank & Trust Co’s holdings in Evergy were worth $590,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. NorthRock Partners LLC boosted its holdings in shares of Evergy by 7.5% during the second quarter. NorthRock Partners LLC now owns 5,035 shares of the company’s stock worth $347,000 after purchasing an additional 352 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Evergy by 3,162.9% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 127,222 shares of the company’s stock worth $8,769,000 after purchasing an additional 123,323 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of Evergy by 539.4% during the second quarter. Sequoia Financial Advisors LLC now owns 19,304 shares of the company’s stock worth $1,331,000 after purchasing an additional 16,285 shares during the last quarter. Yousif Capital Management LLC boosted its holdings in shares of Evergy by 2.7% during the second quarter. Yousif Capital Management LLC now owns 47,026 shares of the company’s stock worth $3,242,000 after purchasing an additional 1,218 shares during the last quarter. Finally, GW Henssler & Associates Ltd. boosted its holdings in shares of Evergy by 1.5% during the second quarter. GW Henssler & Associates Ltd. now owns 385,120 shares of the company’s stock worth $26,546,000 after purchasing an additional 5,766 shares during the last quarter. Institutional investors and hedge funds own 87.24% of the company’s stock.

Evergy Price Performance

EVRG stock opened at $77.49 on Tuesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.27 and a current ratio of 0.50. Evergy Inc. has a 1 year low of $59.23 and a 1 year high of $78.56. The firm has a market cap of $17.83 billion, a P/E ratio of 21.29, a price-to-earnings-growth ratio of 3.58 and a beta of 0.57. The stock has a 50-day simple moving average of $73.19 and a 200-day simple moving average of $69.67.

Evergy (NASDAQ:EVRG) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.78 by $0.04. Evergy had a return on equity of 8.62% and a net margin of 14.29%.The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the firm posted $0.90 earnings per share. The company’s revenue was down .7% compared to the same quarter last year. Evergy has set its FY 2025 guidance at 3.920-4.120 EPS. On average, equities analysts predict 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 paid a $0.6675 dividend. The ex-dividend date was Friday, August 22nd. This represents a $2.67 annualized dividend and a dividend yield of 3.4%. Evergy’s payout ratio is 73.35%.

Insider Activity at Evergy

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

Analyst Ratings Changes

A number of brokerages recently weighed in on EVRG. Barclays reiterated an “outperform” rating on shares of Evergy in a report on Thursday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Evergy in a research note on Wednesday, October 8th. Mizuho boosted their target price on Evergy from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Finally, Jefferies Financial Group raised their price target on shares of Evergy from $77.00 to $87.00 and gave the company a “buy” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating and nine have assigned a Buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $76.94.

About Evergy

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.