Harvest Portfolios Group Inc. Has $7.91 Million Stock Holdings in Evergy Inc. $EVRG

Harvest Portfolios Group Inc. grew its stake in shares of Evergy Inc. (NASDAQ:EVRG) by 22.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 114,791 shares of the company’s stock after buying an additional 21,057 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Evergy were worth $7,913,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Nuveen LLC bought a new position in Evergy in the first quarter valued at about $212,132,000. Northern Trust Corp increased its stake 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 valued at $188,749,000 after buying an additional 392,361 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Evergy by 0.6% in 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 buying an additional 13,555 shares during the last quarter. Jennison Associates LLC boosted its position in Evergy by 11.2% during the 1st quarter. Jennison Associates LLC now owns 1,730,849 shares of the company’s stock worth $119,342,000 after buying an additional 174,269 shares during the period. Finally, AQR Capital Management LLC increased its position in 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 acquiring an additional 321,406 shares during the period. 87.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

Evergy Price Performance

Evergy stock opened at $75.56 on Friday. The stock has a market capitalization of $17.39 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 3.56 and a beta of 0.61. Evergy Inc. has a 52-week low of $59.67 and a 52-week high of $79.32. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.27 and a current ratio of 0.50. The stock’s 50 day moving average price is $75.09 and its two-hundred day moving average price is $70.99.

Evergy (NASDAQ:EVRG) last issued its earnings results on Thursday, November 6th. The company reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.14 by ($0.11). Evergy had a return on equity of 8.62% and a net margin of 14.29%.The company had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $2.24 billion. During the same period in the prior year, the company earned $2.02 earnings per share. The firm’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, equities analysts predict that Evergy Inc. will post 3.83 earnings per share for the current year.

Evergy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, November 21st will be given a dividend of $0.695 per share. The ex-dividend date of this dividend is Friday, November 21st. This is a positive change from Evergy’s previous quarterly dividend of $0.67. This represents a $2.78 dividend on an annualized basis and a dividend yield of 3.7%. Evergy’s payout ratio is currently 73.35%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on EVRG shares. Wells Fargo & Company upgraded Evergy to a “hold” rating in a report on Tuesday, October 28th. Jefferies Financial Group raised their price objective on Evergy from $77.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Wall Street Zen upgraded Evergy from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Weiss Ratings restated a “buy (b-)” rating on shares of Evergy in a report on Wednesday, October 8th. Finally, Barclays reaffirmed an “outperform” rating on shares of Evergy in a research note on Thursday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus 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.