Simon Quick Advisors LLC Purchases Shares of 3,645 Evergy Inc. $EVRG

Simon Quick Advisors LLC purchased a new stake in Evergy Inc. (NASDAQ:EVRG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 3,645 shares of the company’s stock, valued at approximately $251,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of EVRG. Brighton Jones LLC bought a new stake in shares of Evergy during the fourth quarter valued at approximately $257,000. Brookstone Capital Management increased its holdings in shares of Evergy by 1.0% during the first quarter. Brookstone Capital Management now owns 29,071 shares of the company’s stock valued at $2,004,000 after acquiring an additional 276 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Evergy by 35.1% during the first quarter. Concurrent Investment Advisors LLC now owns 12,338 shares of the company’s stock valued at $851,000 after acquiring an additional 3,203 shares in the last quarter. Ifrah Financial Services Inc. bought a new stake in shares of Evergy during the first quarter valued at approximately $220,000. Finally, Penserra Capital Management LLC increased its holdings in shares of Evergy by 2,370.6% during the first quarter. Penserra Capital Management LLC now owns 14,379 shares of the company’s stock valued at $991,000 after acquiring an additional 13,797 shares in the last quarter. Institutional investors own 87.24% of the company’s stock.

Evergy Stock Up 0.6%

Shares of NASDAQ EVRG opened at $77.27 on Tuesday. Evergy Inc. has a one year low of $59.23 and a one year high of $79.32. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.50 and a quick ratio of 0.27. The business’s fifty day moving average price is $74.81 and its 200-day moving average price is $70.85. The stock has a market capitalization of $17.78 billion, a PE ratio of 21.23, a P/E/G ratio of 3.56 and a beta of 0.57.

Evergy (NASDAQ:EVRG) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. Evergy had a return on equity of 8.62% and a net margin of 14.29%.The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the prior year, the firm earned $0.90 EPS. The business’s revenue for the quarter 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 research analysts anticipate that Evergy Inc. will post 3.83 EPS for the current year.

Insider Activity

In related news, SVP Lesley Lissette Elwell sold 8,000 shares of the business’s stock in a transaction 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 approximately $36,092.67. The trade was a 94.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.42% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Barclays restated an “outperform” rating on shares of Evergy in a report on Thursday, October 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Evergy in a report on Wednesday, October 8th. Wall Street Zen upgraded Evergy from a “sell” rating to a “hold” rating in a report on Saturday. Mizuho upped their price target on Evergy from $74.00 to $77.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Finally, Wells Fargo & Company upgraded Evergy to a “hold” rating in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Evergy has an average rating of “Buy” and an average price target of $79.61.

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.